Summary
• Price dipped 4.3% from $0.2819 to $0.2752 over 24 hours amid declining momentum.
• A bearish engulfing pattern formed at 0.2807–0.2797 and failed resistance at 0.2808–0.2813.
• Volume surged at 0.2795–0.2787 and 0.276–0.2748, confirming bearish continuation.
• RSI fell below 30, signaling oversold conditions, though volume lacks confirmation.
• Bollinger Bands widened during the early morning sell-off, suggesting increased volatility.
The TRON/Tether pair (TRXUSDT) opened at $0.2819, reached a high of $0.2813, and hit a low of $0.2748 before closing at $0.2752 as of 12:00 ET on 2025-12-12. The total 24-hour volume amounted to 76,879,989.9 units, with a notional turnover of approximately $21.26 million.
Price Structure & Key Levels
Price action revealed a clear breakdown from 0.2808–0.2813, with a bearish engulfing pattern forming at 0.2807–0.2797.
A failed attempt to reclaim 0.2808 and the formation of a bearish divergence at the 0.2805–0.2801 level signaled weakening bulls. Notable support was observed at 0.2775–0.2772 and 0.2748–0.2751.
Momentum & Oscillators
The 20-period moving average on the 5-minute chart dipped below the 50-period line, confirming a bearish bias. RSI fell into oversold territory, below 30, but failed to trigger a reversal due to weak volume. The MACD showed a bearish crossover with a declining histogram, indicating fading bullish momentum.
Volatility and Bollinger Bands
Bollinger Bands widened during the morning sell-off, reflecting increased volatility. Price spent a significant portion of the 24-hour period outside the lower band, especially from 06:00 to 09:00 ET. This suggests heightened selling pressure and a possible consolidation phase ahead.
Volume and Turnover
Volume surged during key breakdowns, particularly at 0.2795–0.2787 and 0.276–0.2748, validating the bearish move. However, volume waned after the 0.2752 low, signaling a potential pause in selling pressure. Turnover moved in tandem with price, with the largest spikes coinciding with the deepest selloffs.
Fibonacci Retracements
A 61.8% retracement level of the 0.2784–0.2813 move is located near 0.2799, which acted as a key resistance-turned-support during the breakdown. Price now appears to be testing the 38.2% level of the latest bearish leg at 0.2767–0.2748, around 0.2762, which could offer temporary support.
TRXUSDT may consolidate near 0.2750–0.2760 in the next 24 hours as bears look to confirm the breakdown. A retest of 0.2748–0.2751 could signal deeper bearish intent, but a strong rebound above 0.2775 may trigger a short-term reversal. Investors should remain cautious, as volatility and divergent volume patterns suggest mixed signals.
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