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Summary
• Price rallied from 1.621 to 1.667 before retracing to 1.658, showing bullish momentum but lack of sustainability.
• 61.8% Fibonacci retrace at ~1.647 acted as strong support, followed by consolidation below 1.65.
• Volatility spiked during early morning hours, with high volume confirming breakouts but failing to hold gains.
• RSI showed overbought conditions in the morning, followed by a bearish divergence near the close.
• Bollinger Bands widened sharply during the breakout but constricted as price consolidated.
Toncoin/Tether (TONUSDT) opened at 1.644 (12:00 ET – 1) and traded as high as 1.688 before closing at 1.658 (12:00 ET). The 24-hour low was 1.621. Total trading volume reached approximately 2.15 million units, with notional turnover of ~351,450 USDT.
Price formed a bullish flag pattern following the morning rally from 1.621 to 1.688, with a pullback testing the 61.8% Fibonacci level (~1.647). A bearish pinocchio candle emerged at 1.667, signaling possible exhaustion in the bullish move. The consolidation phase has formed a tight channel between 1.65 and 1.66, with 1.647 likely acting as near-term support.

The RSI hit overbought territory in the early morning hours (~1.688) but failed to hold, showing a bearish divergence as price fell to 1.658. MACD confirmed the morning rally but faded during the afternoon sell-off. Volatility spiked during the early breakout but has since compressed, indicating a potential pause in directional momentum.
Bollinger Bands expanded during the morning rally and have since narrowed, suggesting a period of consolidation ahead. Price remains within the upper half of the band, indicating a potential for a pullback or continuation based on volume dynamics.
Volume spiked during the early morning breakout (1.668) and again during the afternoon dip to 1.658, with turnover peaking at 707,204.93 USDT during the 14:45 ET candle. However, price failed to close above the key 1.667 level, indicating lack of conviction. The recent volume profile shows strong participation during the upswing but divergent turnover during the sell-off, hinting at potential short-term uncertainty.
Forward-looking,
may test the 1.647–1.65 level again in the next 24 hours, with a potential for a rebound if volume picks up. However, without a clear breakout above 1.667, the pair could remain range-bound. Investors should remain cautious of liquidity shifts and watch for a possible bearish continuation if support at 1.647 fails.Decoding market patterns and unlocking profitable trading strategies in the crypto space

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