Summary
• Price action remained compressed in a narrow range, with key resistance at 16,824 and support at 16,808.
• Volume surged near session highs but failed to confirm a breakout, suggesting indecision.
• RSI remained neutral, with no clear overbought or oversold signals, reflecting lack of directional bias.
Market Overview
At 12:00 ET on 2025-12-26, the USDC/Rupiah pair (USDCIDR) opened at 16,811, reached a high of 16,825, a low of 16,797, and closed at 16,819. Total 24-hour volume was 19,345.62 with a notional turnover of approximately 326,524,673 Rupiah.
Structure & Formations
Price remained tightly clustered between 16,808 and 16,825, forming multiple doji and small-bodied candles. A long-legged doji appeared at 20:45 ET, suggesting indecision. The 16,808 level acted as a strong support, while 16,825 resisted further upside.
Moving Averages
On the 5-minute chart, the 20-period and 50-period moving averages were nearly overlapping, reflecting sideways bias. No daily moving averages were confirmed from the provided data, but the 24-hour range suggests consolidation ahead of a potential breakout.
MACD & RSI
MACD remained flat with no clear histogram divergence, while RSI hovered around the 50 level, indicating neither overbought nor oversold conditions. Momentum appears balanced, with no clear directional bias.
Bollinger Bands
Price action remained within a narrow Bollinger Band range, with no significant expansion. Volatility remained low, and price frequently bounced between the mid-band and lower band, especially near 16,808.
Volume & Turnover
Volume spiked near key swing highs, particularly at 16,825, but failed to push through to new highs. Turnover followed a similar pattern, with strong volume at 23:30 ET corresponding to the 16,825 high. Price and turnover aligned at these levels, but a lack of follow-through suggests potential for a reversal or continuation depending on next-day liquidity.
Fibonacci Retracements
Applying Fibonacci to the 16,797–16,825 swing, the 38.2% level sits at ~16,813 and the 61.8% at ~16,819. Price closed near the 61.8% level, which may act as a near-term inflection point.
Over the next 24 hours, traders may watch for a decisive move beyond either 16,808 or 16,825 to confirm direction. However, caution is warranted as current volatility and volume patterns suggest continued indecision.
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