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Summary
• Price tested key resistance near 5.52 and pulled back to consolidate near 5.506–5.508.
• High momentum flagged by RSI over 60, but no overbought levels reached.
• Volatility dipped in the early morning before spiking during the 5.52 rally.
• 20-period MA on the 5-minute chart rose above the 50-period MA, hinting at short-term bullish bias.
• Volume surged with the 5.52 high but faded quickly after, suggesting temporary pressure.
Tether/Brazilian Real (USDTBRL) opened at 5.4671 on 2025-12-16 12:00 ET, reached a 24-hour high of 5.5245, and closed at 5.5241 on 2025-12-17 12:00 ET, trading between 5.4602 and 5.5245. The total volume was 51.7 million units, with notional turnover of approximately $286.2 million.
Structure & Formations
Price action showed a strong bullish thrust toward 5.52, forming a tall white candle on the 5-minute chart, followed by indecision in the form of doji and small-range candles near 5.5168. This suggests a potential near-term top forming in the 5.52–5.5170 zone. Support appears to be consolidating around 5.506–5.508, where price found temporary stability.
Moving Averages and Bollinger Bands
The 20-period and 50-period moving averages on the 5-minute chart crossed in favor of the bulls during the morning session, with the 20 MA rising above the 50 MA. Price remained within the upper half of the Bollinger Bands during the breakout, suggesting elevated volatility and strong conviction from buyers.
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MACD and RSI
The MACD line turned positive in the final hours, confirming renewed buying pressure. RSI rose above 60, signaling growing momentum, but did not reach overbought territory. This implies the rally may continue unless buyers fail to commit at the next resistance level.
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Volume and Turnover
Trading volume spiked during the 5.52 high, but failed to sustain that level, indicating potential exhaustion. Turnover followed suit, with a noticeable divergence between price and volume in the last hour. This suggests a cautious stance may be prudent as short-term bullish conviction wavers.
Fibonacci Retracements
Price retraced 61.8% of the previous 5.46–5.52 move at around 5.506, aligning with recent consolidation. A break above 5.52 could target the 5.53–5.55 zone based on Fibonacci extensions.
Tether/Brazilian Real may test 5.52 again in the coming hours and potentially retest 5.506–5.508 if buyers pull back. Traders should remain alert to signs of distribution and avoid overexposure near key resistance levels.
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