Summary
• Price dropped from $0.306 to $0.301 before rebounding to $0.308 in final hours.
• Strong volume spikes coincided with key support tests and countertrend bounces.
• RSI reached oversold levels early before closing near 50, suggesting fading momentum.
• Bollinger Bands tightened overnight, with recent expansion suggesting rising volatility.
• A bullish engulfing pattern formed near $0.301–$0.302 as buyers regained control.
Theta Network/Tether (THETAUSDT) opened at $0.303 on 2025-12-17 12:00 ET, hit a high of $0.308, and a low of $0.295, closing at $0.302 as of 12:00 ET on 2025-12-18. Total volume was 12,751,285.7 units, with notional turnover of approximately $3,861,699.8.
Structure & Formations
Price found key support at $0.301–$0.302 multiple times, with a bearish breakdown attempt failing due to a
engulfing pattern. A doji formed near $0.299 during the overnight session, suggesting indecision before a late morning rally. Resistance levels emerged at $0.304 and $0.306, where buying pressure waned.
Moving Averages and Momentum
On the 5-minute chart, price closed below the 20-period and 50-period EMAs, though the 50-period line appears to act as a dynamic support. On the daily chart, price remains above the 50-, 100-, and 200-period SMAs. The MACD trended lower during the early hours but showed a bullish crossover late in the session. RSI reached oversold levels near 30 in the early morning, then recovered toward the midpoint, signaling fading bearish momentum.
Volatility and Volume
Bollinger Bands tightened during the overnight hours before expanding with the final morning rally. Price closed just inside the upper band for a late-session candle, suggesting a potential short-term reversal. Volume spiked during key support tests and countertrend bounces, particularly around $0.302 and $0.306, validating the significance of these levels. Turnover remained aligned with price action, showing no signs of divergence.
Fibonacci Retracements
A key 5-minute retracement level from the low at $0.295 to the high at $0.308 saw price test the 61.8% level at $0.301 during the afternoon. On the daily chart, the 38.2% and 61.8% retracement levels from earlier bearish moves are now acting as dynamic supports and potential re-entry points for buyers.
Over the next 24 hours, price may test the $0.302–$0.304 range for confirmation of a bullish continuation. However, a breakdown below $0.299 could trigger further downside toward key Fibonacci support. Investors should remain cautious for divergences in volume and momentum indicators, particularly if RSI fails to confirm higher lows.
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