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Summary
• Price consolidated between 16810–16825, with failed attempts to break above 16825.
• Volume surged during early Asian hours, peaking at 65k+ Rupiah equivalent in key candles.
• RSI and MACD signaled weakening bullish momentum, suggesting potential for near-term pullback.
• A bearish engulfing pattern formed around 16821–16820 in late ET hours.
The Tether/Rupiah (USDTIDR) pair opened at 16822, reached a high of 16829, and a low of 16800, closing at 16801 as of 12:00 ET. The 24-hour volume totaled approximately 653,173.59, while turnover amounted to roughly 10.65 billion Rupiah.
Structure and Key Levels
Price action remained tightly range-bound for most of the day, with 16825 and 16810 acting as key resistance and support levels on the 5-minute chart. A bearish engulfing pattern emerged near 16821 as buyers lost steam in the late ET morning, signaling a possible reversal. On the daily chart, 16820 appears as a critical psychological level, with repeated rejections suggesting short-term exhaustion.
Momentum and Indicators
MACD flattened and even dipped into bearish territory during the afternoon session, while RSI hovered near 50, indicating neutral to bearish momentum.

Volume and Turnover
Volume spiked during the morning Asian session and again in the early afternoon, with key candle volumes exceeding 60k Rupiah equivalent. However, the price failed to follow through on these strong volume signals, indicating possible short-term indecision.
Fibonacci Retracements and Outlook
Applying Fibonacci to the key 16800–16829 swing, 16810–16815 aligns with the 61.8% retracement level and may offer temporary support. A close below 16800 could target 16790 as the next Fibonacci level. The market appears to be preparing for a directional move—either a pullback to test 16800 or a retest of 16825 resistance.
Forward-Looking View
Price may test the 16800–16810 range in the next 24 hours, with potential for a bounce or breakdown. Investors should watch for a confirmation candle on either side of 16810. Volatility remains elevated, so sharp moves could occur with limited warning.
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