Summary
• Price action shows a bullish breakout attempt around 0.025 with consolidation afterward.
• RSI suggests overbought conditions late in the session, with bearish divergence in volume.
• Volatility expanded mid-session, with Bollinger Bands widening as USUALUSDT moved toward upper resistance.
• A strong bullish engulfing pattern appears near 0.025, suggesting short-term reversal potential.
• Fib levels highlight 0.0245–0.0247 as key near-term support and 0.0249–0.0251 as resistance.
24-Hour Performance
At 12:00 ET – 1, Usual/Tether (USUALUSDT) opened at 0.0246 and reached a high of 0.0251 before closing at 0.0245 at 12:00 ET. Total volume for the 24-hour window was approximately 67,242,914.5, with a notional turnover of roughly 1,640,948.9 USDT.
Structure & Formations
The price tested the 0.0251 level multiple times, with a bullish engulfing pattern forming around 23:45 ET as the pair rallied from 0.0250 to 0.0251. This pattern may signal a short-term reversal. A bearish doji formed near 0.025 at 00:15 ET, suggesting indecision. Key resistance appears at 0.0249–0.0251, while 0.0245–0.0247 offers near-term support.
Trend & Momentum
The 20-period and 50-period moving averages on the 5-minute chart crossed in a bullish direction mid-session, confirming short-term strength. The daily chart shows the 50-period MA crossing above the 100-period, reinforcing a potential bullish trend.
RSI reached overbought levels (70+) at 23:15 ET before retreating, indicating possible near-term exhaustion. MACD remained positive, with a narrowing histogram suggesting slowing momentum.
Volatility and Bollinger Bands
Volatility expanded mid-session as USUALUSDT pushed higher, with Bollinger Bands widening between 0.0244 and 0.0251. The price spent most of the latter half of the day near the upper band, indicating strong buying pressure. A contraction in the bands early in the session may have foreshadowed this move.
Volume and Turnover
Volume spiked near 0.0251 during the 23:15–00:00 ET window, with a turnover of 7.2 million USDT. However, volume declined after the 00:15 ET doji, suggesting weak follow-through. A divergence between price and volume near 0.0245 may indicate a risk of a pullback.
Forward Outlook
The price may test 0.0251 again in the next 24 hours, with a break above this level likely to extend the bullish bias. However, a rejection at this level could trigger a short-term pullback toward 0.0245. Investors should remain cautious as overbought conditions and bearish volume divergence could signal an imminent correction.
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