Market Overview for Tether/Colombian Peso (USDTCOP)

Summary
• USDTCOP traded in a consolidating range between 3790.0 and 3816.0, with late-morning volatility.
• A large 5-minute candle at 22:30 ET confirmed short-term bearish momentum.
• Volume spiked during midday and afternoon, aligning with price pullbacks.
• Bollinger Bands narrowed mid-day before expanding as volatility increased.
• RSI approached oversold levels in early morning hours, indicating potential for a rebound.

At 12:00 ET–1 on 2025-12-14, USDTCOP opened at 3808.0 and closed at 3802.0 by 12:00 ET on 2025-12-15. The pair reached a high of 3816.0 and a low of 3790.0 during the 24-hour window. Total volume was approximately 214,641.0 units, with notional turnover of $815,705,770.00 (assuming COP rates).

Structure & Formations

Price action displayed a series of consolidating patterns between 3800.0 and 3815.0, punctuated by a sharp bearish reversal candle at 22:30 ET (12:30 local time), which closed near its low and marked a significant shift in sentiment. A small bearish engulfing pattern formed around 21:15–21:30 ET, suggesting further downward momentum may follow.

Technical Indicators

The 5-minute 20-period and 50-period moving averages remained in a tight alignment between 3807.0 and 3811.0 for most of the day, but diverged in the afternoon as the 20-period MA dipped below the 50-period MA, signaling a short-term bearish bias. The 5-minute RSI briefly approached oversold territory at 3799.0 but failed to trigger a meaningful rebound, suggesting caution.

Volumes and Volatility

Volume increased sharply during the late afternoon (ET) and early evening, particularly between 14:30 and 15:00 ET, as price dropped from 3806.0 to 3800.0. Bollinger Bands narrowed mid-day, then expanded significantly after 14:00 ET, indicating rising volatility. Turnover aligned closely with volume, with no major divergences observed.

Key Levels and Projections

On the 5-minute chart, key resistance levels include 3813.0 and 3816.0, while strong support is likely near 3800.0 and 3797.0. A 38.2% Fibonacci retracement level at 3805.0 was tested multiple times but failed to hold. Looking ahead, a break below 3797.0 could trigger further downward movement toward 3792.0.

In the near term, USDTCOP appears to be testing the resilience of the 3800.0 level. A retest of this support zone in the next 24 hours is likely, with potential for either consolidation or a renewed bearish move if volume remains robust. Investors should remain cautious of potential volatility and keep a close eye on the 3800.0 level as a critical psychological and technical threshold.