Market Overview for Compound/Tether (COMPUSDT)

Summary
• Price declined from $26.70 to $26.24, forming bearish momentum with strong selling pressure in late hours.
• 26.20–26.30 appears as a key short-term support/resistance cluster with multiple reversals.
• Volume surged during the 23:15–23:45 window, confirming a sharp 2.5% drop in price.
• RSI reached oversold territory, suggesting potential near-term rebound but no reversal confirmation yet.
• Bollinger Bands showed moderate contraction before the large bearish move, hinting at a breakout.

24-Hour Price and Volume Summary

Compound/Tether (COMPUSDT) opened at $26.67 on 2026-01-11 at 12:00 ET, reached a high of $26.70, and closed at $26.24 on 2026-01-12 at 12:00 ET. The total 5-minute OHLCV volume was 5,323.148, with a notional turnover of $141,217.29.

Price Structure and Candlestick Patterns

The 24-hour candlestick pattern shows a strong bearish bias, with a large bearish body forming after 20:15 ET, as price collapsed from $26.45 to $26.13 within 45 minutes. Multiple engulfing patterns appeared during the decline, particularly between 20:15–22:15 ET, indicating strong seller control. A doji formed near $26.13–26.14, signaling a potential short-term pause in bearish momentum.

Moving Averages and Momentum Indicators

Short-term moving averages (20/50 periods on the 5-minute chart) crossed below price during the late ET hours, reinforcing the bearish bias. The RSI dipped below 30, entering oversold territory around $26.13, but no immediate bullish divergence emerged. The MACD histogram showed a rapid bearish expansion during the 23:15–23:45 ET window, confirming the sharp price fall.

Volatility and Fibonacci Levels

Bollinger Bands contracted briefly before the large bearish move, suggesting an impending volatility spike. The 26.20–26.25 area represents a minor Fibonacci 38.2% retracement level from the 26.13–26.45 swing, which may serve as a near-term support. A break below 26.10 could target the next 61.8% retracement near $25.95.

Volume and Turnover Analysis

Volume surged significantly during the 23:15–23:45 window, aligning with a 2.5% price drop. Notional turnover also rose sharply, confirming the strength of the bearish move. No clear divergence was observed between price and turnover, suggesting continuation of the trend is more probable than a reversal.

Forward-Looking Perspective

With oversold RSI and a potential bounce near 26.20–26.25, COMPUSDT may test this support range in the next 24 hours. However, traders should remain cautious as the bearish bias remains intact unless a strong bullish reversal forms with confirmation in both price and volume.