Summary
•
broke above a key 5-minute resistance cluster near 0.4003–0.4025 before retreating.
• MACD showed positive divergence early in the session, but RSI later entered overbought territory and declined.
• Volume surged during the 0.43–0.45 rally, but declined sharply after hitting 0.4523, suggesting bearish hesitation.
• Bollinger Bands widened during the upward thrust, then began to contract in the final hours of the 24-hour period.
• Fibonacci retracement levels at 0.3935 and 0.3773 acted as temporary supports, but the price failed to hold above 0.3923 after a test.
At 12:00 ET on 2025-12-17, Four/USDC (FORMUSDC) opened at 0.3994, reached a high of 0.4547, and closed at 0.3897 after hitting a low of 0.3740. Total 24-hour volume was 7,547,037.5, and notional turnover amounted to $3,073,575.
Structure & Formations
The 24-hour session for FORMUSDC featured a strong bullish breakout above the 0.4003–0.4025 range, which was previously a key resistance. This was followed by a sharp bearish reversal into the 0.3740–0.3786 range, with a large bearish 5-minute candle (0.4523–0.383) near 16:00 ET signaling exhaustion in the upward move.
A potential bearish engulfing pattern formed during the late-ET hours as the price closed below the 0.3897–0.3944 range.
Moving Averages and Momentum
The 20- and 50-period 5-minute moving averages were bullish during the early rally but quickly turned bearish as the price declined. RSI hit overbought levels in the 12–18 ET hours but declined sharply, suggesting a shift in momentum. MACD showed a brief positive divergence earlier in the session, but it flattened as the price declined.
Volatility and Bollinger Bands
Bollinger Bands expanded significantly during the 0.43–0.4547 rally, reflecting heightened volatility, but began to contract as the price fell below the 0.3900–0.3950 range. The price closed near the lower band, indicating bearish pressure.
Volume and Turnover
Volume spiked during the 18:00–23:00 ET rally, peaking at 317,039.6 on the 22:45–23:00 candle. However, it declined sharply after the peak, suggesting a lack of buyer conviction. Turnover also dropped in the final 3 hours, indicating lower liquidity and potential consolidation ahead.
The price may continue to test the 0.3800–0.3750 level in the next 24 hours, with a possible retest of the 0.4000–0.4050 range if buyers return. Investors should be cautious of further volatility or a potential bearish breakdown below 0.3750.
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