Market Overview for dogwifhat/Tether (WIFUSDT) as of 2026-01-10

Summary
• Price consolidates near $0.387–0.389 support zone with bearish engulfing patterns observed in late-night sessions.
• Volume declines after early-morning spikes suggest waning conviction in directional moves.
• RSI and MACD signal weakening bullish momentum, with price near lower Bollinger Band.

At 12:00 ET on 2026-01-10, dogwifhat/Tether (WIFUSDT) opened at $0.39, reached a high of $0.398, and a low of $0.383, closing at $0.388. Total volume over the 24-hour window was 5,630,999.67, with notional turnover of $2,170,220.77.

Structure & Formations

Price action shows a bearish bias, with bearish engulfing and hanging man patterns forming near $0.387–0.389. These suggest potential exhaustion in the short-term rally. A 61.8% Fibonacci retracement from the morning high aligns with $0.388, reinforcing this level as short-term support.

Volatility and Indicators

Volatility has contracted, with price hovering near the lower Bollinger Band, signaling possible oversold conditions. RSI remains below 50, indicating weak momentum, while MACD shows bearish divergence, with the histogram shrinking despite a minor price rebound.

Volume and Turnover

The highest volume was seen in the early morning session as price pushed toward $0.398. However, subsequent volume waned, even as price tested lower levels, suggesting a lack of follow-through from buyers. Turnover and volume moved in parallel, showing no major divergence.

Price may attempt a rebound toward $0.392–0.395 in the next 24 hours, but a break below $0.383 could accelerate selling pressure. Investors should watch for confirmation of a reversal pattern at key support levels.