AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
Summary
• Price declined from 0.085 to 0.0815 amid heavy volume and bearish momentum.
• Key resistance appears at 0.0836–0.0840, with support at 0.0815–0.0820.
• RSI oversold conditions and low volatility suggest potential for a rebound.
• Bollinger Bands show price near the lower band, indicating a tight range.
• Large 5-minute bearish candles signal strong downward bias for now.
Price action revealed a strong bearish bias, with a series of lower highs and lower lows, particularly after 21:00 ET. A key bearish reversal pattern emerged around 0.0836, followed by a sharp decline into the 0.0815–0.0820 range.

The 20-period and 50-period moving averages on the 5-minute chart were bearish, with the 50-period line acting as a resistance. Bollinger Bands tightened in the last few hours, indicating a potential for increased volatility. Volume and turnover aligned with price in the afternoon, but diverged slightly in the final hours, with volume holding steady while price weakened.
Fibonacci retracement levels highlighted 0.0815 as a potential support level (61.8% retracement from the high), while 0.0836 and 0.0840 may serve as near-term resistance. A rebound from the 0.0815–0.0820 range could test these levels.
Traders may watch for a break above 0.0825–0.0830 to suggest a potential reversal. However, with volatility remaining low and downward momentum intact, the bias remains cautiously bearish. A break below 0.0815 would increase the likelihood of a deeper correction in the next 24 hours.
Decoding market patterns and unlocking profitable trading strategies in the crypto space

Dec.29 2025

Dec.29 2025

Dec.29 2025

Dec.29 2025

Dec.29 2025
Daily stocks & crypto headlines, free to your inbox
Comments
No comments yet