Market Overview for TrueUSD/Tether (TUSDUSDT): 24-Hour Summary

Summary
• Price consolidated near 0.9965–0.9968, with a key support at 0.9965 and resistance at 0.9968.
• A bearish divergence in RSI indicates weakening bullish momentum.
• Volatility increased after 09:45 ET, with a large-volume move to 0.9956.
• Bollinger Bands expanded as price dropped toward lower band.
• A large-volume candle at 12:00 ET signaled a sharp bearish shift.

Market Snapshot

The pair TrueUSD/Tether (TUSDUSDT) opened at 0.9966 on 2025-12-17 at 12:00 ET and closed at 0.9956 the following day at the same time. The 24-hour high reached 0.9968, while the low touched 0.9956. The total traded volume amounted to approximately 180,211.0 units, with notional turnover estimated at $179,419.15 based on trade amounts and prices.

Structure and Support/Resistance

Price action remained confined between the key support level of 0.9965 and the initial resistance at 0.9968 throughout the day. A larger downward move after 09:45 ET pushed price through the 0.9965 support and toward 0.9956, forming a bearish breakdown pattern.

This suggests that the pair may test the next support level at 0.9962–0.9963 in the near term.

Moving Averages and Momentum

On the 5-minute chart, the 20- and 50-period moving averages were closely aligned near the 0.9966–0.9967 range, indicating a period of consolidation. However, after 09:45 ET, price broke below both, signaling a shift in momentum. The RSI, after reaching overbought levels above 65 earlier in the day, turned sharply lower, dropping into the 35–40 range by the end of the session, indicating a weakening of bullish momentum.

Bollinger Bands and Volatility

Volatility increased significantly during the late morning and early afternoon as a large-volume candle at 09:45 ET pushed price to 0.9963 and then to 0.9956. Price settled near the lower Bollinger Band by the end of the session, indicating increased bearish pressure. The bands themselves had widened during the sharp move, a sign of heightened uncertainty.

Volume and Turnover

Volume spiked dramatically during the 09:45–12:00 ET window, especially at 09:45 ET, when a single 16,034-unit candle pushed price downward. The largest notional turnover occurred at 12:00 ET with a volume of 178,046 units at a price of 0.9956, indicating a major shift in positioning. The price move was confirmed by strong volume, suggesting a likely continuation of bearish pressure in the near term.

Visual

Fibonacci Retracements

Applying Fibonacci retracements to the key 5-minute swing between 0.9968 and 0.9956 reveals 0.9964 as a 23.6% retracement level and 0.9962 as a 38.2% level. The price has paused near 0.9963–0.9964, suggesting traders may look for a potential bounce or consolidation before breaking lower. The next major level to watch is the 0.9956–0.9955 zone, a 61.8% retracement and possible short-term floor.

The pair may continue to test the 0.9962–0.9963 level for support in the next 24 hours. A break below 0.9960 could lead to further bearish movement. Traders should remain cautious of large-volume orders and potential volatility spikes, which may trigger rapid price swings.