Summary
• Price dropped sharply from 0.01589 to 0.01464 early in the session, forming a bearish engulfing pattern.
• Oversold RSI levels below 30 suggest potential for a short-term rebound.
• Bollinger Bands show a recent volatility expansion as price approached the lower band.
• Volume surged during the early sell-off but has since declined, indicating fading momentum.
• A 61.8% Fibonacci retracement level at 0.01503 could act as near-term resistance.
Xai/Tether (XAIUSDT) opened at 0.01589 on 2025-12-18 at 12:00 ET, peaked at 0.01592, and dropped to a low of 0.01458 before closing at 0.01539 on 2025-12-19 at 12:00 ET. Total 24-hour volume was 71,692,343.5 and notional turnover amounted to $1,099,374.
Structure & Formations
Price experienced a sharp selloff in the early part of the session, with a bearish engulfing pattern forming between 17:00 and 17:15 ET,
signaling strong bearish sentiment. A key support level was tested around 0.01464, followed by a gradual recovery through consolidation. A 61.8% Fibonacci retracement level at 0.01503 now serves as a potential resistance ahead of the 0.01536 level, which saw consolidation in the late hours.
Moving Averages
On the 5-minute chart, short-term moving averages (20 and 50-period) have dipped below key support levels, reinforcing the bearish bias. On the daily timeframe, the 50-period moving average sits above the 200-period, suggesting a neutral to slightly bullish bias in the broader context, though recent 5-minute dynamics are more bearish.
Momentum and Volatility
Relative Strength Index (RSI) hit oversold territory below 30 multiple times during the session, particularly after the sharp drop to 0.01464, hinting at a possible bounce. MACD lines crossed below the signal line during the sell-off, confirming bearish momentum. Bollinger Bands have widened after a period of contraction, indicating rising volatility following a consolidation phase.
Volume and Turnover
Trading volume spiked to 11.9 million during the early bearish move, but has since retreated, suggesting that the initial sell-off may have exhausted key bearish pressure. Notional turnover aligns with volume, showing the most aggressive selling occurred between 17:00 and 18:45 ET. However, declining volume during the recovery suggests buyers are cautious.
While a short-term rebound is possible near the 0.01503 retracement level, traders should remain cautious as price action may test this level and potentially break lower if sentiment weakens. A breakdown below 0.01464 could trigger renewed selling pressure and target the next Fibonacci level at 0.01429.
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