Market Overview: USDTCOP 24-Hour Technical Summary

Summary
• Price fell from 3883 to 3856 on strong bearish momentum late in the session.
• Volume surged after 18:00 ET, confirming a breakdown below 3875 support.
• RSI entered oversold territory near 30, suggesting potential for a short-term rebound.
• Bollinger Bands widened after 21:00 ET, signaling increased volatility and consolidation.

The Tether/Colombian Peso (USDTCOP) pair opened at 3880 on 2025-12-17 at 12:00 ET, reaching a high of 3883 before closing at 3858 on 2025-12-18 at 12:00 ET. Total volume for the 24-hour period was 318,945, with a notional turnover of approximately $1,246,235 (assuming USDTCOP ≈ COP 3860).

Structure & Moving Averages

Price action formed a bearish breakdown below key support at 3875, with a 50-period moving average on the 5-min chart confirming the downtrend. The 200-period moving average on the daily chart remains neutral but suggests a possible continuation of the bearish phase if the 3850 level is breached.

Momentum & Volatility

MACD showed bearish divergence with a negative crossover and declining histogram after 18:00 ET. RSI dipped into oversold territory near 30 after 23:00 ET, hinting at a potential short-term bounce. Bollinger Bands expanded in the final hours, reflecting increased volatility and potential for consolidation between 3856 and 3863.

Volume & Divergence

Volume spiked after 18:00 ET with a breakdown below 3875, confirming the bearish reversal. Notional turnover also increased in line with price action, with no divergence observed. However, late-evening volume remained muted, suggesting reduced conviction in the current move.

Fibonacci Levels

The 38.2% Fibonacci retracement level sits at 3863, while the 61.8% level is near 3857. Price briefly found support at 3856 before rebounding, aligning with the 61.8% level. A break below this level could see further movement toward 3850.

Looking ahead, a rebound toward 3863–3865 appears likely in the short term, but a sustained close above 3870 may signal a potential reversal. Investors should remain cautious, as a breakdown below 3850 could trigger further bearish momentum in the next 24 hours.