Market Overview for VOXELUSDT (Voxies/Tether) on 2025-12-17

Summary
• Price declined from 0.0154 to 0.0140 amid waning momentum and low volume.
• A bearish engulfing pattern formed near 0.0153–0.0159 before the sharp drop.
• Bollinger Bands show price near the lower band, suggesting oversold conditions.
• RSI dropped into oversold territory below 30, indicating potential short-term support.
• Turnover dropped sharply after 22:00 ET, suggesting waning interest.

The VOXELUSDT pair opened at 0.0153 on 2025-12-16 at 12:00 ET, reaching a high of 0.0160 before closing at 0.0140 by 12:00 ET on 2025-12-17. The low for the period was 0.0130. Total traded volume over the 24 hours was 16.94 million tokens, with a notional turnover of approximately $237,350.

Structure and Candlestick Formations

The pair exhibited a bearish trend, marked by a strong candle between 17:00 and 17:30 ET on 2025-12-16, which opened at 0.0151 and closed at 0.0159. This pattern was followed by a sharp sell-off, breaking below key support levels near 0.0145 and reaching as low as 0.0135. A doji formed near 0.0140 at 03:15 and 03:30 ET, signaling possible consolidation and a potential short-term bottom.

Technical Indicators

The 20-period and 50-period moving averages on the 5-minute chart were both above price, confirming a bearish bias. MACD turned negative with a bearish crossover, while RSI dropped below 30 into oversold territory after 21:30 ET, suggesting potential for a near-term rebound. Bollinger Bands showed price near the lower band for much of the session, indicating heightened volatility and potential for a mean reversion.

Volume and Turnover

Volume surged during the early sell-off, peaking at 1.59 million tokens during the 17:30 ET candle, but sharply declined after 22:00 ET, suggesting a waning of selling pressure. Turnover followed a similar pattern, peaking at $21,820 during the 17:30 ET candle and declining steadily afterward.

Fibonacci Retracements

Key Fibonacci retracement levels from the 0.0130 to 0.0160 move include 0.0143 (38.2%) and 0.0147 (61.8%). Price briefly tested 0.0143 at 00:45 ET and 0.0147 at 03:15 ET, with the latter showing a failed rebound. These levels may serve as potential support and resistance in the near term.

Over the next 24 hours, a test of the 0.0140–0.0143 range is likely, with RSI and Bollinger Bands suggesting a possible rebound. However, a sustained break below 0.0139 could extend the bearish momentum, especially if volume remains low. Investors should remain cautious and watch for divergence between price and momentum indicators.