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Summary
• Price declined from 0.3986 to 0.3757, with strong bearish momentum in early ET hours.
• Bollinger Bands show moderate volatility, with price trending near the lower band.
• Volume surged in midday ET, but no clear reversal patterns emerged.
• RSI moved into oversold territory, suggesting potential for a short-term rebound.
Four/USDC (FORMUSDC) opened at 0.3933 at 12:00 ET–1, hit a high of 0.3986 and a low of 0.3717, closing at 0.3757 by 12:00 ET. Total volume reached 200,357.1 and turnover was 74,649.76
, indicating high activity amid declining price.
On the 5-minute chart, price tested the 61.8% retracement level of the previous bull move before falling further. On the daily timeframe, the 38.2% Fibonacci level acted as resistance, and a break below the 61.8% level (0.370–0.375) could target further downside.
The market may consolidate in the next 24 hours as RSI suggests a possible short-term rebound, but a break below 0.3717 could accelerate the downtrend. Traders should remain cautious and monitor volume reactions around key support levels.
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