Market Overview for WAX/Tether on 2025-12-10

Generated by AI AgentTradeCipherReviewed byAInvest News Editorial Team
Wednesday, Dec 10, 2025 3:37 am ET1min read
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USDT
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WAXP
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Aime RobotAime Summary

- WAXPUSDT consolidated near 0.00912-0.00918 after morning decline, forming a bullish engulfing pattern at 0.00913-0.00914.

- RSI showed moderate bearish momentum (mid-40s) without oversold conditions, while volume remained subdued with price-volume divergence.

- Bollinger Bands tightened near close, signaling potential 24-hour breakout, with Fibonacci levels highlighting 0.00918 (61.8%) as key resistance.

- Traders should monitor 0.00918 breakout or 0.00912 breakdown to confirm short-term sentiment shifts amid thin volume and tight volatility.

Summary
• WAXPUSDT tested 0.00912–0.00918 range, consolidating after a morning decline.
• RSI indicates moderate bearish momentum, but no oversold conditions.
• Volume remains subdued, with price-volume divergence near 0.00912.
• Bollinger Bands show tightening volatility before the 24-hour close.
• A bullish engulfing pattern emerged at 0.00913–0.00914 in late ET morning.

WAX/Tether (WAXPUSDT) opened at 0.00933 on 2025-12-09 at 12:00 ET, reached a high of 0.00936 and a low of 0.00907 before closing at 0.00914 on 2025-12-10 at 12:00 ET. Total volume was 23.2 million, with a notional turnover of $212,500.

Structure & Formations


Price action revealed a key support level at 0.00912 and resistance at 0.00918 over the 24-hour period.
A bullish engulfing pattern formed at 0.00913–0.00914 during the late ET morning, suggesting short-term bullish intent. A doji appeared near 0.00914, hinting at indecision. Fibonacci retracements from the morning high at 0.00936 indicated a potential bounce near 0.00924 (38.2%) and 0.00918 (61.8%).

Moving Averages and MACD/RSI


On the 5-minute chart, the 20- and 50-period moving averages crossed bearishly earlier in the session, but a recent 50-period pullback suggested slowing downward pressure. MACD remained negative but declining, while RSI hovered in the mid-40s, suggesting moderate bearish momentum without reaching oversold territory. Overbought levels were last seen near 0.00935–0.00936 during the morning decline.

Volatility and Volume


Bollinger Bands contracted as the session neared its close, suggesting a potential breakout in the next 24 hours. Volume spiked moderately at 0.00913–0.00914 but failed to confirm a breakout above the 0.00918 resistance. Notional turnover aligned with price moves, though a divergence appeared near 0.00912 when volume weakened.

Key Considerations for Tomorrow


WAXPUSDT may attempt to retest the 0.00918–0.00920 range following the bullish engulfing pattern and 38.2% Fib level. Traders should watch for a close above 0.00918 or a breakdown below 0.00912. A break of either could signal a shift in short-term sentiment. As always, volatility remains a risk, particularly with thin volume and tight bands.