ssv.network (SSVUSDT) Market Overview

• Price surged 13.6% in 24 hours, capped by a bullish engulfing pattern near $9.47.
• Volatility expanded sharply, with Bollinger Bands widening as momentum accelerated.
• MACD crossed into positive territory, confirming rising buying pressure.
• RSI entered overbought territory, signaling potential pullback risks.
• Turnover surged 3.5x above 12-hour average, validating bullish continuation.

At 12:00 ET − 1, ssv.network (SSVUSDT) opened at $8.372 and traded to a high of $9.574 before closing at $9.471 at 12:00 ET today. The 24-hour range extended from $8.222 to $9.574. Total volume was 551,799.49 and turnover was $5,083,611.13, reflecting heightened market interest.

Structure & Formations

Price action formed a strong bullish engulfing pattern near $9.47, confirming a reversal from earlier consolidation. A key support level emerged at $8.40–8.45, where multiple 15-minute candles found buying interest. A large bearish candle at $8.372 to $8.41 suggests a temporary pause in the upward trend.

Moving Averages

The 20 and 50-period moving averages on the 15-minute chart crossed above the price in the final hours of the session, signaling a continuation of the bullish bias. On the daily chart, the 50-period MA at $8.62 and 200-period MA at $8.24 suggest medium-term support could remain intact.

MACD & RSI

MACD crossed into positive territory late in the session, with a strong histogram confirming renewed momentum. RSI surged to 72–76, entering overbought territory and hinting at a potential correction or consolidation.

Bollinger Bands

Volatility expanded significantly as the bands widened from a contraction earlier in the session. Price closed near the upper band at $9.47–9.51, suggesting elevated bullish pressure, but a retest of the lower band near $8.40–8.45 could be expected in the near term.

Volume & Turnover

Volume spiked sharply during the final 4.5 hours of the session, with over $4.1 million in turnover concentrated between $8.96 and $9.57. This suggests institutional or large-cap investor participation. Price and turnover aligned well, validating the bullish move.

Fibonacci Retracements

On the 15-minute chart, key retracement levels at 61.8% ($8.97) and 78.6% ($9.40) were tested and held. On the daily chart, a 38.2% retracement level at $8.72 appears to be a short-term pivot.

The next 24 hours may see a test of $9.60 as the next resistance level, but a pullback to $9.00–9.10 could consolidate gains. Investors should monitor RSI divergence and volume contraction for signs of topping pressure.