Summary
• Price surged above $4.18 with bullish engulfing patterns post-6:00 AM ET.
• MACD and RSI show strong momentum with RSI nearing overbought territory.
• Bollinger Bands widened as volatility spiked during midday rally.
• Volume surged in final 8 hours, aligning with price highs and confirming strength.
• Fibonacci levels suggest possible consolidation near $4.57–$4.62 in the short term.
Price and Volume Performance
At 12:00 ET–1 on 2025-12-16, Venus/Tether (XVSUSDT) opened at $4.09 and reached a high of $4.69 before closing at $4.59 at 12:00 ET. The 24-hour trading range was between $4.00 and $4.69. Total traded volume stood at 339,769.76, with notional turnover reaching $1,458,378.10.
Structure & Momentum
Price action displayed a powerful bullish reversal after breaking through the $4.18 psychological level, supported by a 5-minute bullish engulfing pattern around 6:00 AM ET.
The RSI reached 68 by midday, suggesting strong momentum with a risk of entering overbought territory. MACD showed a positive crossover with an expanding histogram, reinforcing the bullish trend.
Volatility and Volume
Bollinger Bands widened significantly after 10:45 AM ET, signaling rising volatility. Volume spiked in the final 8 hours of the window, especially between 10:00 AM and 4:00 PM ET, confirming the upward move. Notably, the 11:30 AM to 12:00 PM candle saw the highest volume (70,341.66), with a $4.48 to $4.38 price swing.
Key Levels and Projections
A strong support level appears to have formed around $4.51–$4.54, as seen in the 1:45 PM to 2:00 PM ET candles, while resistance is near $4.62–$4.65. Fibonacci retracement levels from the $4.00 to $4.69 move suggest a possible pullback toward 61.8% at $4.57–$4.62. The 5-minute 20/50 SMA lines remained bullish, reinforcing short-term strength.
The market may test the $4.62–$4.65 zone over the next 24 hours, with the potential for a consolidation phase if RSI shows signs of slowing. However, a break below $4.55 could trigger retesting of the $4.51–$4.54 support, so traders should remain cautious of overbought conditions and divergences.
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