Summary
• Four/USDC rallied to $0.3387 on high volume before consolidating near 0.3363.
• A bullish engulfing pattern formed around 0.3301 as buyers reclaimed key support.
• RSI and MACD suggest waning momentum, with price near 38.2% Fibonacci retracement.
• Volatility surged during the rally but has since compressed into a tighter range.
Four/USDC opened at $0.3241 on 2025-12-22 12:00 ET, surged to $0.3387, and closed at $0.3363 on 2025-12-23 12:00 ET, with total volume of 206,643.9 and turnover of $69,133. The pair posted a strong 24-hour move, driven by heavy buying interest late in the session.
Structure & Formations
The price broke above a key support-turned-resistance level at 0.3301 with a bullish engulfing candle, signaling potential follow-through. A minor pullback into 0.3363 has stalled near the 38.2% Fibonacci retracement of the 0.3216 to 0.3387 move. No strong bearish reversal patterns are currently visible, though a bearish divergence in RSI hints at caution.
Moving Averages
On the 5-minute chart, the 20-period MA crossed above the 50-period MA in the morning session, signaling short-term bullish bias. The 50-period MA at ~0.335 aligns with recent consolidation, while the daily 200-period MA appears to be below the current price, suggesting a positive medium-term trend.
MACD & RSI
MACD showed strong positive momentum in the 143000–153000 ET window but has since flattened, pointing to potential exhaustion. RSI has pulled back to 52, suggesting neither overbought nor oversold conditions, but lingering bullish momentum is intact.
Bollinger Bands
Volatility expanded significantly around 0.3387 before compressing again, with price currently trading near the midline of the bands. A breakout above the upper band at ~0.341 could trigger renewed bullish activity.
Volume & Turnover
Trading volume spiked to 40,233.0 at 143000 ET, coinciding with the high of $0.3387. This high-volume rally was confirmed by rising turnover, suggesting strong conviction in the move. However, volume has since dried up, indicating a potential pause in momentum.
Fibonacci Retracements
The 38.2% retracement level at 0.3363 has held firm, with the 50% level at 0.3301 acting as immediate support. A break below 0.3273 could expose the 61.8% level at 0.3239.
The market may test 0.3387 as resistance in the next 24 hours, but investors should be cautious of a potential pullback if volume does not confirm the breakout.
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