ssv.network Market Overview - July 16, 2025

Summary
• SSVUSDT surged 10% to a 24-hour high of $10.37 before retracing to close at $10.12 (open: $9.20).
• Resistance at $10.30-$10.35 faces strong selling pressure, while $10.00-$10.05 holds as key support.
• High volume ($102.5M USD turnover) tracked the rally, but divergence emerged as price rose while volume fell post-peak.

Market Performance (July 15 16:00 ET - July 16 12:00 ET)

ssv.network (SSVUSDT) opened at $9.20 on July 15 at 16:00 ET and closed at $10.12 today at 12:00 ET. The 24-hour range spanned $9.19 (low) to $10.37 (high), with total traded volume of 324,848 SSV and $102.5 million USD turnover.

Technical Analysis

Structure & Formations

Price tested resistance at $10.30-$10.35 twice—first on July 16 at 02:00 ET, then again at 14:45 ET—before triggering profit-taking. A bearish “shooting star” candle formed at the $10.37 peak, hinting at short-term exhaustion. Support at $10.00-$10.05 (38.2% Fibonacci retracement of the July 16 rally) appears critical to sustain momentum.

Moving Averages

The 20-period MA ($10.10) remains above the 50-period MA ($9.95), signaling a bullish bias on the 15-minute chart. Daily charts show SSVUSDT is 2% above its 50-day MA, with the 100-day MA ($9.60) acting as a long-term floor.

MACD & RSI

MACD crossed above its signal line at midday on July 16, but the RSI (70) has been overbought for six hours, increasing the likelihood of a pullback.

Bollinger Bands

Price briefly touched the upper band ($10.38) at its peak but has since settled near the middle band ($9.98), suggesting volatility contraction.

Volume & Turnover

Volume spiked to 42,000+ SSV during the $10.37 rally (July 16 02:00 ET) but fell to 3,000–5,000 SSV during the post-peak consolidation. A bearish divergence emerged as price peaked while volume lagged.

Fibonacci Retracements

The $10.10–$10.15 zone (61.8% retracement of the July 16 peak to $9.96 dip) could offer further resistance if buyers re-enter.

Outlook & Risk

SSVUSDT may test $10.00 support in the next 24 hours, with a break below this risking a deeper slide toward $9.80. Bullish momentum could resume if buyers defend $10.05, targeting $10.40 resistance. Investors should monitor volume confirmation and RSI normalization before committing to long positions. Extreme volatility remains likely given the asset’s speculative nature.