Summary
•
formed a bullish engulfing pattern near 0.01524, suggesting short-term buying interest.
• Price broke above 0.01635–0.01640 resistance cluster with strong volume and turnover.
• MACD crossed above zero with positive divergence, indicating growing momentum.
• Volatility expanded significantly after 02:00 ET, with Bollinger Bands widening.
• 61.8% Fibonacci retracement at 0.01638 acted as dynamic support before the breakout.
Xai/Tether (XAIUSDT) opened at 0.01538 on 2025-12-31 12:00 ET and closed at 0.01702 by 2026-01-01 12:00 ET, trading between 0.01524 and 0.01731. Total volume reached 201,662,451.45 and notional turnover hit $3,076,843.82 over the 24-hour period.
Structure & Formations
Price action formed a bullish engulfing pattern at the 0.01524 level, indicating a shift in sentiment from bearish to bullish. A key resistance cluster emerged around 0.01635–0.01640, which was decisively broken through on high volume. A 61.8% Fibonacci retracement level at 0.01638 provided dynamic support, reinforcing the breakout’s validity.
Indicators and Momentum
MACD crossed above zero during the breakout, with a positive divergence suggesting increasing buying pressure. RSI showed overbought conditions toward the end of the session, signaling potential near-term consolidation. The 5-minute 20- and 50-period moving averages were bullish, with price staying above both for much of the session.
Volatility and Volume
Volatility expanded after 02:00 ET, as Bollinger Bands widened and price action became more erratic. Notional turnover surged above $80,000 in the 10:30–10:45 ET period, aligning with the 0.01731 high. Volume and turnover were well-correlated during the breakout, reinforcing the move’s legitimacy.
XAIUSDT appears to have completed a reversal pattern and entered a new upward phase. Traders may watch for a pullback to
the 0.01635–0.01640 level for potential entries. However, a failure to hold above 0.01626 could invite short-term profit-taking, so caution is advised for the next 24 hours.
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