Market Overview for Celestia/Tether (TIAUSDT)

Summary
• Price broke key support at $0.5485, closing below after 20-hour bearish momentum.
• 5-minute RSI hit oversold levels late in the session, suggesting potential short-term rebound.
• Volume spiked during the 16:00–17:00 ET window as price dipped below $0.5650, confirming bearish sentiment.
• Bollinger Bands expanded following a contraction, signaling a potential volatility increase.
• A bullish engulfing pattern formed after the 16:30 ET low, hinting at a near-term bounce.

Celestia/Tether (TIAUSDT) opened at $0.5526 at 12:00 ET−1 and closed at $0.5701 at 12:00 ET, with a high of $0.5783 and a low of $0.5390. Total volume reached 3,762,890.1 and notional turnover hit $215,962.69 over 24 hours.

Structure & Formations

The price carved out a bearish breakdown pattern as it dropped below the $0.5485 support, confirmed by a strong bearish candle at 16:30 ET. A bullish engulfing pattern formed shortly after the 16:30 ET low, indicating short-term reversal potential.

Moving Averages

On the 5-minute chart, the 20-period and 50-period moving averages converged as price fell below both by the 16:00 ET window. Daily moving averages (50/100/200) remained unbroken, suggesting medium-term bearish bias.

MACD & RSI

The 5-minute RSI hit oversold territory at 27–29 in the final hour, suggesting potential bounce. MACD remained bearish but started narrowing, hinting at weakening downward momentum.

Bollinger Bands

Price action expanded beyond Bollinger Bands in the 16:00–17:00 ET window, signaling increased volatility. The bands had previously seen a slight contraction before the breakdown, a sign of an imminent price move.

Volume & Turnover

Volume surged to 933,025.08 at 16:00 ET as price peaked at $0.5783, confirming bullish exhaustion. A sharp volume spike at 16:30 ET aligned with the breakdown, validating the bearish move.

Fibonacci Retracements

A key 61.8% retracement level at $0.5450 was tested and broken in the 16:30 ET window. A potential rebound could target the 38.2% level at $0.5600 before testing $0.5730 again.

Celestia/Tether may attempt a short-term recovery after hitting oversold levels, but the path of least resistance remains downward. Investors should monitor the 61.8% Fibonacci level and key moving averages for possible retests. Volatility remains elevated, and sharp price swings could occur if the $0.5620–$0.5650 range is retested.