Market Overview for USDC/Romanian Leu (USDCRON) – 2025-09-18

• Price fluctuated between 4.26 and 4.29, with a bullish close near the session high.
• A notable 15-minute bearish gap and pullback occurred after 18:30 ET, followed by a strong rebound.
• Volatility and turnover spiked in the early morning hours, signaling increased activity.
• RSI signaled overbought conditions, but price remains within key support/resistance bounds.
• Volume trends confirm price action, with no divergence observed between the two.

The 24-hour period saw USDC/Romanian Leu (USDCRON) open at 4.268 and close at 4.283 near the session high of 4.293, with a low of 4.260. Total volume reached 133,886 units and notional turnover amounted to approximately 578,982 RON. Price displayed a volatile path, with early bearish pressure giving way to a sharp recovery, especially in the overnight hours.

Structure and key levels revealed a strong support floor forming around 4.265 and a key resistance cluster near 4.285–4.290. A bullish engulfing pattern emerged during the early morning hours as price rebounded off the 4.262 level, followed by a series of consolidation candles. The 4.275–4.285 zone has shown increasing relevance, with price oscillating within this range for much of the session.

Moving averages on the 15-minute chart indicated a bullish bias, as the 20-period MA crossed above the 50-period MA early on. The daily chart showed a similar divergence, with the 50-period MA trending higher and above the 200-period MA, signaling potential bullish momentum over the next few sessions. MACD remained positive throughout the day, with a narrow histogram and no overbought divergence. RSI reached overbought territory (above 70) during the morning push to 4.293 but failed to sustain above that level, hinting at potential near-term profit-taking.

Bollinger Bands reflected increased volatility during the overnight and early morning hours, with price breaking out above the upper band around 4.286–4.293. During this period, the band width expanded, suggesting heightened trader activity and possible continuation. Conversely, in the afternoon, the bands narrowed slightly, indicating a consolidation phase with potential for a breakout.

Fibonacci retracement levels drawn from the 4.26–4.293 swing showed the 61.8% level at approximately 4.274 and the 38.2% at 4.280, both of which have been tested multiple times. Price's ability to hold above 4.274 suggests short-term bullish sentiment. The 50% level at 4.276.5 has also acted as a psychological floor and a re-entry point for buyers.

The coming 24-hour period may see further consolidation or a breakout attempt above 4.293 if buyers commit. Traders should remain cautious of any bearish divergence in RSI or volume if price revisits the 4.274 level. A retest of 4.260 could also trigger a short-term bounce if the 4.265 support holds.