Summary
•
tested support at 1.472 and rebounded with a bullish engulfing pattern near 1.48–1.485.
• Volatility expanded after 04:00 ET with a 20% price swing, exceeding 1.49–1.476 range.
• RSI bottomed at 28 in early morning, signaling oversold conditions before a rebound.
• Bollinger Band contraction in midday 24-hour window suggested a possible breakout.
• Volume spiked during the 1.472–1.484 recovery, confirming a short-covering rally.
24-Hour Price and Volume Summary
Toncoin/Tether (TONUSDT) opened at 1.492 on 2025-12-20 12:00 ET and traded in a 1.472–1.495 range before closing at 1.485 as of 2025-12-21 12:00 ET. Total volume over the 24-hour period amounted to 3,150,313.91, with a notional turnover of approximately $4,705,318.
Structure and Key Levels
Price action formed a bearish 5-minute swing at 1.495 (midnight ET), followed by a bullish engulfing pattern between 04:00 and 05:00 ET as TONUSDT rebounded from 1.476 to 1.485. This suggests potential short-term accumulation. The 1.472 level appears as a critical support, with a 61.8% Fibonacci retracement from the 1.476–1.495 swing now at 1.481–1.483.
Technical Indicators and Momentum
The RSI bottomed at 28 around 01:30 ET and climbed to 58 by 06:00 ET, indicating a short-term oversold bounce. MACD showed a bearish crossover before 01:00 ET but reversed to a bullish divergence as price recovered, suggesting momentum may favor the bulls in the near term.
Bollinger Bands showed a period of tight contraction between 03:00 and 04:30 ET before diverging, hinting at a potential breakout.
Volume and Turnover Insights
Volume surged during the 04:00–05:00 ET rebound, with a 5-minute candle posting 20,036.16 volume and a close at 1.487. This aligns with the price rebound, indicating buying pressure. However, turnover dipped slightly during the late morning, suggesting some consolidation. Divergences between volume and price were minimal, suggesting the rally is broadly supported.
Short-Term Outlook
The 1.485–1.487 level appears to be a key near-term pivot. A break above this with strong volume could signal a test of 1.491–1.495. Conversely, a retest of 1.476–1.472 may confirm bearish pressure. Investors should watch for a close above 1.491 on a daily candle as a potential resumption of upward momentum. Caution is advised, as the market remains within a tight 5-day range, and a false break could trigger further consolidation.
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