Market Overview: TNSRUSDT in Bearish Consolidation as Volatility Expands

Summary
• TNSRUSDT saw a 24-hour decline to 0.1057, forming bearish patterns near key support.
• Volume surged during the sharp selloff from 0.11 to 0.1057, confirming bearish momentum.
• RSI signaled oversold conditions briefly, but failed to trigger a sustainable rebound.
• Price remains within a descending channel, with 0.107 and 0.11 acting as key levels.
• Bollinger Bands tightened midday, followed by a sharp break to the downside.

At 12:00 ET on 2025-12-09, Tensor/Tether (TNSRUSDT) opened at 0.1099, traded between 0.1035 and 0.1110, and closed at 0.1071. The 24-hour trading volume was 37,968,249.1, with a notional turnover of approximately $4,063,920.

The price action displayed a bearish consolidation, marked by a sharp selloff from 0.11 to 0.1057 between 22:00 and 02:00 ET. This decline occurred on significantly higher volume and was confirmed by bearish engulfing patterns and a breakdown below key support at 0.108. The RSI hit oversold territory briefly near 02:15 ET but failed to generate a meaningful rebound, suggesting exhaustion on the long side.

Bollinger Bands tightened between 00:00 and 10:00 ET, followed by a breakout to the downside, indicating increased bearish volatility. Price remains within a descending channel, with 0.107 and 0.110 acting as potential pivot points. The 20-period moving average on the 5-minute chart sits below the 50-period, reinforcing the short-term bearish bias.

Fibonacci retracement levels from the 0.1035 to 0.1110 swing highlight 0.1061 (38.2%) and 0.1085 (61.8%) as critical areas for near-term support and resistance.

While the market appears to be testing a key support level, traders should be cautious of a potential breakdown below 0.1050, which may trigger further downward momentum. A reversal above 0.1105 could signal a short-term stabilization, but a strong case for a sustained bullish recovery remains unformed.