Summary
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consolidated between 0.0953–0.0979, with key resistance near 0.0978 and support at 0.0960.
• A bearish divergence in RSI suggests weakening momentum, with volume declining in the final hours.
• Bollinger Bands show tight consolidation in the last 4 hours, signaling potential for a breakout.
• Fibonacci retracement levels (0.0962 and 0.0974) acted as dynamic support/resistance during the session.
24-Hour Price and Volume Summary
Viction/Tether (VICUSDT) opened at 0.0979 on January 10 at 12:00 ET, reached a high of 0.0979, a low of 0.0953, and closed at 0.0965 on January 11 at 12:00 ET. Total trading volume for the 24-hour period was approximately 549,496.96 units, with a notional turnover of around $51,918.68.
Structure and Price Action
Price action showed a bearish tilt during the session, with a key swing high at 0.0978 and a swing low at 0.0953. The pair formed several small-bodied bearish candles and a bearish engulfing pattern near 0.0962. A tight consolidation phase in the final hours suggested a possible reversal setup or continuation of the downward trend depending on the next breakout.
Volatility and Indicators
Bollinger Bands displayed a recent contraction between 0.0953–0.0963, indicating a possible buildup in volatility. MACD turned negative in the last 30 minutes, with the RSI hovering near 45, suggesting neutral momentum. A bearish divergence in the RSI suggests that bullish buyers may be losing control.
Volume and Turnover Dynamics
Volume and turnover were highest during the early part of the session, with a significant dip in the final hours. This divergence between volume and price could signal a weakening trend. Turnover was most active around 0.0962–0.0966, suggesting increased interest in that range.
Looking ahead, a break above 0.0966 may attract short-term buyers, but a drop below 0.0959 could extend the downward bias. Investors should monitor for a breakout from the consolidation range, but be cautious of potential volatility in the next 24 hours.
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