Summary
• Price declined to 1.462 before consolidating near 1.472, with volume surging at key support levels.
• A bullish engulfing pattern emerged at 1.46–1.47, indicating potential reversal after a 5-hour decline.
• RSI bottomed at 28 (oversold), while MACD turned positive, signaling possible short-term recovery.
• Bollinger Bands contracted between 1.465–1.475, suggesting a period of range-bound consolidation.
• Turnover spiked near 1.47–1.475 as buyers re-entered, confirming strength at the 20-period SMA.
Key Price and Volume Metrics
Toncoin/Tether (TONUSDT) opened at 1.489 on 2025-12-17 12:00 ET, reached a high of 1.518, a low of 1.460, and closed at 1.489 on 2025-12-18 12:00 ET. Total 24-hour volume was 8,272,102.04, with a notional turnover of approximately $12,385,305.
Structure and Candlestick Patterns
Price formed a clear bearish breakdown from 1.50–1.51 before finding support at 1.462–1.468, where a
A long lower wick on the 1.470–1.475 range suggests buyer involvement.
Moving Averages and Fibonacci
On the 5-minute chart, price rebounded above the 20-period SMA at 1.470 and approached the 50-period SMA at 1.472. The 38.2% Fibonacci retracement level of the previous bearish move sits at 1.473, aligning with short-term support.
Momentum and Volatility
RSI hit 28 in the oversold zone but recovered to 52, while MACD crossed into positive territory. Bollinger Bands narrowed between 1.465–1.475 before expanding, indicating a potential breakout.
Volume and Turnover Behavior
Volume surged to over 223,126 at 1.462–1.470, confirming demand at key support. Turnover aligned with volume, showing no significant divergence.
Outlook and Risk
Buyers appear to be asserting control at 1.470–1.475, with a potential test of 1.486–1.490 ahead. However, a breakdown below 1.465 could trigger renewed selling. Investors should watch for a sustained close above 1.480 for bullish confirmation.
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