Summary
• Price consolidated in a narrow range before a sharp downward breakout in the late ET session.
• Volume surged during the sell-off, confirming bearish momentum.
• RSI moved into oversold territory, hinting at potential short-term bounce.
• Bollinger Bands contracted early in the session before a volatile expansion.
Tether/Mexican Peso (USDTMXN) opened at 18.24 on 2025-12-10 12:00 ET and traded between 18.27 (high) and 18.09 (low) before closing at 18.25 on 2025-12-11 12:00 ET. Total volume for the 24-hour period was 960,032.0 with a notional turnover of approximately 17,510,848.00 MXN.
Structure & Formations
The price action formed a bearish engulfing pattern during the early morning hours in ET, followed by a long bearish tail during a sharp decline to the session’s low. Key support levels emerged near 18.20–18.21 and 18.15–18.16, with resistance at 18.25–18.27. A long-legged doji appeared near the session’s close, suggesting indecision and potential short-term reversal.
Moving Averages
On the 5-minute chart, the 20-period and 50-period moving averages remained flat, reflecting range-bound trading most of the session. However, following the downward breakout, the 20 SMA dipped below the 50 SMA, signaling a potential bearish bias. The daily chart showed a similar flat profile, with no clear trend established.
MACD & RSI
The MACD line remained near zero for much of the session before crossing below the signal line during the late sell-off, reinforcing bearish momentum. RSI dropped sharply into oversold territory near 20, suggesting a potential short-term bounce could follow. However, a sustained move above 18.25 would be needed for RSI to re-enter neutral or overbought territory.
Bollinger Bands
Bollinger Bands remained relatively narrow during the first half of the session, indicating low volatility and consolidation. A sharp downward move in the late ET session expanded the bands, with price approaching the lower band near the 18.09 level. This suggests increased volatility and potential for a rebound off the support zone.
Volume & Turnover
Volume remained moderate early in the session, but spiked during the late ET sell-off, especially between 14:00 and 15:45 ET, confirming the bearish move. Notional turnover also rose sharply during this time, aligning with the price action. No significant divergence between price and volume was observed, suggesting the move was well-supported.
Fibonacci Retracements
Applying Fibonacci to the recent 5-minute swing from 18.27 to 18.09 showed key retracement levels at 18.21 (61.8%) and 18.24 (38.2%), which coincided with minor pauses in the downward trend. On the daily chart, no clear Fibonacci levels were breached, as the pair remained range-bound.
The forward-looking observation suggests that a test of the 18.20–18.21 support zone could trigger a rebound, though a break below 18.15 would raise concerns over further downside. Investors should remain cautious of potential volatility shifts and keep a close eye on the RSI and Bollinger Band dynamics.
Comments
No comments yet