Spell Token/Tether (SPELLUSDT) Market Overview

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Wednesday, Dec 17, 2025 9:21 pm ET2min read
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Aime RobotAime Summary

- Spell Token/Tether (SPELLUSDT) dropped from $0.0002662 to $0.0002432, forming key support at $0.0002434 amid bearish reversal patterns.

- A 19:45 ET volume spike drove price to $0.0002609, but failed follow-through volume confirmed bearish control despite temporary rallies.

- RSI fell below 30 (oversold) and MACD turned negative, while Bollinger Bands widened, signaling heightened volatility and bearish momentum.

- The 61.8% Fibonacci retracement at $0.0002434 acts as critical psychological support, with breakdowns targeting $0.0002415 and potential further weakness.

Summary
• Price declined from a high of $0.0002662 to a low of $0.0002411, with a key support level forming around $0.0002434.
• Volume spiked dramatically after 19:45 ET, coinciding with a sharp upward move toward $0.0002609.
• RSI dropped below 30 for the first time in 24 hours, suggesting possible oversold conditions.
• Bollinger Bands widened significantly during the rally, showing increased volatility.

Spell Token/Tether (SPELLUSDT) opened at $0.00025 on 2025-12-16 12:00 ET, reached a high of $0.0002662, and closed at $0.0002432 by 12:00 ET on 2025-12-17. The total volume was 147,347,714, and the turnover amounted to approximately $36.8 million.

Structure & Formations


The price action formed a clear bearish reversal after a strong rally in the evening, with a key support zone emerging around $0.0002434 and $0.0002429. A potential double bottom formation is developing, and a bearish engulfing pattern was observed at the high of $0.0002662. A doji formed at $0.0002432 near the close, indicating indecision.

Moving Averages


On the 5-minute chart, the 20- and 50-period moving averages both trended downward throughout the session, confirming the bearish bias. The 50-period MA crossed below the 20-period MA in the late evening, signaling a bearish crossover. On the daily chart, the 50- and 100-period MAs are approaching convergence, suggesting potential trend clarification in the next 24 hours.

Momentum & RSI


The RSI dropped below 30 for the first time in the 24-hour period, signaling an oversold condition. However, this did not trigger a strong rebound, indicating potential bearish exhaustion or bearish control.
The MACD line turned negative and crossed below the signal line in the late evening, reinforcing the bearish momentum.

Bollinger Bands


Bollinger Bands expanded significantly during the price spike to $0.0002609, showing heightened volatility. Price spent much of the session trading near the lower band, suggesting bearish dominance.

Volume & Turnover


The largest 5-minute volume spike occurred at 19:45 ET, when the price surged to $0.0002609 on 479,937,334 volume. However, a sharp decline in price followed, with price failing to confirm the bullish move with follow-through volume. The final hour showed a modest increase in volume as price tested key support levels, suggesting increased interest near $0.0002434.

Fibonacci Retracements


The $0.0002434 level corresponds to the 61.8% retracement of the rally from $0.0002411 to $0.0002662, indicating a key psychological level for traders. A breakdown below $0.0002429 would target the next 78.6% retracement at $0.0002415, where further consolidation or a potential rebound may occur.

The market appears to be testing the 61.8% Fibonacci level, and a decisive move below $0.0002434 could accelerate downward momentum. Investors should monitor volume behavior at key levels and watch for any potential bullish divergence in the RSI. While the trend remains bearish, the market may consolidate around $0.0002434 in the next 24 hours, with a breakdown signaling further weakness.