Market Overview for Test/Tether (TSTUSDT) on 2025-12-25

Summary
• Price tested key resistance around 0.01865–0.01870 but failed to hold above 0.01860.
• A bearish divergence in RSI suggests potential momentum shift after a 24-hour high.
• Volatility expanded mid-session, with intraday volume surpassing 10 million.
• A morning breakdown below 0.01840 failed to hold, leading to consolidation in a tight range.

Test/Tether (TSTUSDT) opened at 0.01847 on 2025-12-24 at 12:00 ET, reached a high of 0.01870, a low of 0.01820, and closed at 0.01853 on 2025-12-25 at 12:00 ET. The 24-hour volume was 27,779,513.9 and the notional turnover was approximately $511,710.

Structure & Formations

Price action displayed a key resistance cluster between 0.01860–0.01870, which was briefly tested but not confirmed. A morning breakdown attempt below 0.01840 failed, leading to consolidation between 0.01830–0.01850. A bullish engulfing pattern was observed during the overnight session, but it was later negated by bearish pressure in the midday hours. A doji at 0.01840 suggests indecision at a critical level.

Moving Averages and Fibonacci Retracements

On the 5-minute chart, price closed just below the 20-period and 50-period moving averages, indicating near-term bearish bias. The 50-period line sits at 0.01848, while the 20-period is slightly above it. A 61.8% Fibonacci retracement of the overnight rally is at 0.01846, currently acting as a key support zone. Daily MA levels are not immediately relevant due to the 5-minute focus.

Momentum Indicators and Volatility

RSI showed signs of bearish divergence, peaking near 58 and retreating to 50 by close, suggesting a potential reversal in momentum. MACD crossed below the signal line in the morning and remained in negative territory, confirming bearish pressure. Volatility increased mid-day with Bollinger Bands expanding, but price has since contracted into a narrower range. The close near the lower band suggests potential for a rebound.

Volume and Turnover

Volume was notably higher during the midday sell-off, peaking at over 4.6 million at 08:45 ET. However, price failed to close below key support, suggesting some buying interest at lower levels. Turnover aligned with volume spikes, showing no significant divergence. A morning volume spike at 08:45 ET coincided with a high of 0.01870, indicating conviction in the move.

The consolidation in the final 6 hours may suggest accumulation or distribution depending on order flow. Price appears to be setting up for a potential breakout from the 0.01830–0.01850 range in the next 24 hours. A break above 0.01860 would be a key signal of renewed bullish momentum. Traders should remain cautious, as volatility remains elevated and a sudden reversal could occur without clear confirmation.