Summary
• Price drifted lower intraday, failing to reclaim key resistance above 0.0825.
• Volume surged at 0745 ET as
broke below critical support at 0.0819.
• RSI and MACD showed diverging bearish momentum with price.
• Bollinger Band contraction early morning foreshadowed sharp volatility later.
Toko Token/Tether (TKOUSDT) opened at 0.0831 on 12:00 ET-1, drifted to a high of 0.0833 and a low of 0.0802, closing at 0.082 at 12:00 ET. The 24-hour volume reached 861,409.2, with a notional turnover of $70,465.45.
Structure & Trend
Price tested 0.0825 as a key resistance multiple times, with failed breakouts suggesting bearish control. A significant breakdown below 0.0819 triggered a wave of selling. A potential bullish engulfing pattern may form at 0.0817–0.0821 if buyers step in.
Indicators & Momentum
RSI moved into oversold territory near 28, though without a clear rebound, signaling potential exhaustion in selling. MACD remained in negative territory with a bearish crossover, reinforcing short-term bearish sentiment.
Volatility & Bands
Bollinger Bands narrowed sharply just before 0745 ET as price broke down, then expanded rapidly, confirming a volatile bear move. Price closed near the lower band, suggesting lingering bearish pressure.
Volume & Turnover
Volume spiked to a 24-hour high of 308,580.9 at 0745 ET, coinciding with the breakdown below 0.0819. Turnover increased from $1,627.64 at 0700 ET to $3,933.57 at 1645 ET, confirming distribution at lower levels.
Fibonacci Levels
Key Fibonacci levels of the 0.082–0.0833 swing suggest 0.0815 (61.8%) and 0.0808 (78.6%) as next potential support zones. A close above 0.082 could trigger a retest of 0.0825–0.0827 for short-term retracement.
Market could test 0.0815–0.0817 in the near term if bearish momentum persists, but a rebound from 0.0815 might trigger a short-term bounce. Traders should watch for a divergence between RSI and price as a potential reversal signal.
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