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Summary
• Price drifted lower with a bearish engulfing pattern near 5.21e-06.
• Volume spiked during the 18:00–19:30 ET window but failed to push price higher.
• RSI hovered in neutral territory, showing no overbought or oversold extremes.
• Price remains within a tight Bollinger Band contraction, signaling low volatility.
• No clear Fibonacci retracement levels were tested during the session.
The VulcanForged/Bitcoin (PYRBTC) pair opened at 5.19e-06 on 2025-12-30 at 12:00 ET, rose to a high of 5.21e-06, and fell to a low of 5.16e-06 before closing at the same 5.16e-06 at 12:00 ET on 2025-12-31. Total volume for the 24-hour period was 8,332.23, with notional turnover of approximately 0.0434 BTC.
Price action showed a bearish engulfing pattern at 17:45–18:00 ET, followed by a failed attempt at a rebound. A doji formed at 21:45 ET, signaling indecision. The low of 5.16e-06 appears to be a temporary support level, with no strong rejections observed above 5.19e-06.
On the 5-minute chart, the 20-period and 50-period moving averages both trended downward, confirming a short-term bearish bias. No meaningful crossovers occurred. Daily MA lines were not provided but would need to be reviewed for longer-term context.
RSI remained between 45 and 55 for most of the session, indicating a neutral momentum environment. No overbought or oversold signals emerged, which is consistent with the range-bound nature of the price.
Price action remained tightly within the Bollinger Bands, with no significant expansion observed. Volatility was low, and price did not test the outer bands. This contraction could precede a breakout or a continuation of sideways trading.

Volume saw a spike during the 18:00–19:30 ET timeframe, peaking at 1,019.825 units, but price failed to respond with conviction. Turnover mirrored the volume pattern, showing no clear divergence but also no strong directional bias.
Recent 5-minute swings did not reach any major Fibonacci levels. The 61.8% retracement from the high of 5.21e-06 to the low of 5.16e-06 would fall near 5.17e-06. Price may test this level in the next 24 hours.
Looking ahead, traders should monitor for a break of the 5.16e-06 support or a test of the 5.17e-06 Fibonacci level for potential direction. As always, keep in mind that low-volume environments can be prone to false signals and sudden reversals.
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