Market Overview for Usual/Tether (USUALUSDT)

Summary
• Price action shows bearish momentum with a 6.27% decline over 24 hours.
• Volatility dipped in early hours before surging as price approached 0.0243.
• MACD turned negative, and RSI signals oversold territory near 30.
• Bollinger Bands expanded after 06:00 ET, indicating a potential reversal setup.
• Volume and turnover remained uneven, with no clear divergence to signal a reversal.

At 12:00 ET on 2025-12-24, Usual/Tether (USUALUSDT) opened at 0.0252, hit a high of 0.0255, and closed at 0.0242 after hitting a low of 0.0241. The total trading volume over 24 hours was 13,540,413.7, with a notional turnover of 335,938.8.

Structure & Moving Averages

Price action formed a bearish continuation pattern, with a strong 50-period moving average crossing below the 20-period line after 03:00 ET, confirming downward bias. The daily 50/200 EMA crossover appears neutral, though the price remains below the 200-period line, suggesting longer-term bearish pressure.

Momentum and Oscillators

The RSI dropped below 30 after 06:00 ET, signaling potential oversold conditions, while MACD turned negative at 04:00 ET, reinforcing bearish momentum. A weak histogram suggests weakening bearish momentum, but confirmation of a reversal is pending.

Volatility and Bollinger Bands

Bollinger Bands contracted overnight before expanding as price broke below the midline after 06:00 ET. Price now hovers near the lower band, indicating a possible bounce or consolidation into the 0.0242–0.0245 range.

Volume and Turnover

Volume surged during the 00:45–01:00 ET window, coinciding with a sharp price drop to 0.0247, but failed to show a corresponding spike in turnover, indicating potential distribution. Later, volume increased with downward moves but without significant accumulation signs.

Fibonacci and Key Levels

The 61.8% Fibonacci retracement from the 0.0252–0.0241 move sits at 0.0243, where price stalled multiple times. A break below 0.0242 could target the 38.2% level at 0.0244, suggesting near-term support may be weak.

The market appears to be entering a consolidation phase after a sharp overnight drop. While momentum indicators suggest oversold conditions, price action shows no immediate reversal. Investors should monitor volume behavior near 0.0242 and be cautious of a potential break below key support, which could trigger further downside.