Summary
•
formed key support at 0.8490 and resistance at 0.8750, with a bullish engulfing pattern near 0.8600.
• RSI showed overbought conditions above 0.8700 and oversold below 0.8530, indicating possible reversal triggers.
• Bollinger Bands expanded during midday, with price hovering near the upper band.
• Volume spiked during the 0.8700–0.8750 rally but diverged during a decline after 0.8730, suggesting caution.
• Fibonacci retracement levels at 0.8636 and 0.8586 acted as key pivots during consolidation.
Trust Wallet Token/Tether (TWTUSDT) opened at 0.8599 on 2025-12-28 12:00 ET, reached a high of 0.8755, a low of 0.8482, and closed at 0.8583 on 2025-12-29 12:00 ET. Total 24-hour volume was 641,299.0, with notional turnover of 549,471.17.
Structure and Key Levels
The pair saw a defined range between 0.8482 and 0.8755. A bullish engulfing pattern appeared near 0.8600 during the late-night consolidation, while the upper resistance at 0.8750 was briefly tested but not breached. A bearish doji formed at 0.8730 during the early morning, signaling indecision.
Trend and Momentum
On the 5-minute chart, the 20-period and 50-period moving averages were converging, with price hovering slightly above the 20SMA. The 50/100/200 daily MA lines showed a mixed setup, with price near the 50-day line but below the 200-day. MACD showed a narrowing histogram at the close, suggesting waning momentum. RSI peaked near 80 at 0.8750 and sank below 50 during the last 6 hours, hinting at a shift in sentiment.
Volatility and Turnover
Bollinger Bands expanded during the 0300–0500 ET session, with price touching the upper band at 0.8755. The bands have since narrowed, indicating a potential contraction in volatility. Notional turnover surged during the 0.8700–0.8750 rally, but volume waned as price retreated. A divergence between volume and price during the sell-off after 0.8730 suggests caution.
Fibonacci and Projection
Fibonacci retracement levels based on the 0.8482 to 0.8755 swing identified 0.8636 and 0.8586 as key support levels. Price found temporary support at 0.8586 before rebounding toward 0.8628. The 0.8750 level remains a critical psychological resistance for the next 24 hours.
Price appears to be consolidating between 0.8580 and 0.8650, with the potential for a breakout attempt if volume picks up. Traders should watch for a retest of 0.8750 and 0.8586 as confirmation of direction. However, the current divergence in volume suggests caution and a potential sideways move or pullback in the near term.
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