Summary
• Price formed a bullish engulfing pattern near key support.
• RSI crossed above 50, suggesting short-term buying momentum.
• Volume increased by 28% compared to previous 24 hours.
• Price traded within Bollinger Bands, indicating moderate volatility.
Market Overview: At 12:00 ET on December 27, 2025, Toncoin/Tether (TONUSDT) opened at $1.12, hit a high of $1.17, a low of $1.10, and closed at $1.15. Total volume reached 1.8 billion TON, with $1.95 billion in turnover over the 24-hour period.
Structure and Formations
Price action revealed a bullish engulfing pattern near the 20-period moving average on the 5-minute chart, indicating potential short-term buying pressure. The pattern formed after a consolidation phase, suggesting a possible reversal or breakout attempt.
Moving Averages
The 20-period and 50-period moving averages on the 5-minute chart aligned closely, acting as dynamic support. On the daily chart, the 50-period MA remains above the 100- and 200-period lines, reinforcing an overall bullish bias.
MACD and RSI
The RSI moved above 50, hinting at growing momentum, while the MACD line crossed above the signal line with positive divergence, indicating strengthening bullish energy. Neither indicator suggests overbought conditions at this point.
Bollinger Bands
Price remained within the Bollinger Band range on the 5-minute chart, showing moderate volatility without any significant contractions or expansions. The mid-band served as a psychological level, with price bouncing off it multiple times.
Volume and Turnover
Volume surged by 28% compared to the prior 24 hours, aligning with the bullish engulfing pattern and price increase. Turnover also rose in proportion, supporting the view that the move was backed by genuine buying interest rather than thin order flow.
Fibonacci Retracements
A 38.2% Fibonacci retracement level was tested during the session, where price found support before resuming higher. On the daily chart, a 61.8% retracement from a recent high may serve as a near-term resistance level in the coming session.
Looking ahead, the formation of a bullish engulfing pattern and rising RSI suggest that buyers may continue to control the short-term direction. However, the market could consolidate or retest support if volume wanes or momentum stalls. Investors should watch for a break above the 50-period MA and for confirmation via follow-through volume in the next 24 hours.
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