Summary
• Price tested key resistance near 5.5300–5.5340, failing to confirm a breakout.
• Momentum waned in the final hours, with RSI hovering near mid-range levels.
• Volume spiked during the 22:00–23:45 ET session, followed by consolidation.
• Volatility expanded mid-day, with Bollinger Bands widening past 0.012 range.
• A bullish engulfing pattern formed at 5.5250–5.5299, suggesting short-term support.
Market Overview
Tether/Brazilian Real (USDTBRL) opened at 5.5228 on 2025-12-17 at 12:00 ET, hit a high of 5.5610, a low of 5.5076, and closed at 5.5253 on 2025-12-18 at 12:00 ET. Total 24-hour volume was 155,827,911.7 with a notional turnover of approximately 843,069,710 BRL.
Structure & Formations
Price action showed a key resistance cluster between 5.5300 and 5.5340, which was repeatedly tested but not decisively breached.
A bullish engulfing pattern formed between 5.5250–5.5299 in the late-night hours, suggesting short-term support may hold. A bearish reversal at 5.5346–5.5327 near the close indicates caution ahead.
Moving Averages
On the 5-minute chart, the 20-period MA was above the 50-period MA, signaling short-term bullish bias. On the daily timeframe, the 50-period MA crossed above the 100-period MA, suggesting a potential resumption of bullish momentum.
Momentum and Overbought/Oversold Levels
The 14-period RSI moved between 45 and 58 over the 24-hour period, indicating neutral momentum with no clear overbought or oversold signals. The MACD histogram remained flat for most of the session, signaling a lack of strong directional bias.
Volatility and Bollinger Bands
Volatility expanded mid-day, with Bollinger Bands widening to a range of over 0.012. Price spent much of the session in the upper half of the bands, suggesting increased buying pressure. A recent contraction in the bands following the peak at 5.5610 may signal a potential breakout or consolidation.
Volume and Turnover
Volume spiked during the 22:00–23:45 ET session, coinciding with a push toward 5.5349. Notional turnover aligned with price action, confirming the strength of the upward move. In contrast, the final 3 hours showed a drop in both volume and turnover, indicating waning momentum.
Fibonacci Retracements
Applying Fibonacci levels to the key swing from 5.5076 to 5.5610, the 5.5307 level corresponds closely to the 50% retracement, which aligns with the final consolidation phase. The 38.2% and 61.8% retracements at 5.5450 and 5.5150 acted as transient resistance and support, respectively.
Looking ahead, the market may test the 5.5300–5.5340 resistance again if momentum picks up, but a breakdown below 5.5250 could trigger further consolidation. Investors should remain cautious of liquidity gaps and divergences in the final hours of the next trading day.
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