Market Overview for Aavegotchi/Tether (GHSTUSDT)

Summary
• Price tested key support near 0.175 before rebounding slightly late in the session.
• Volatility expanded in early hours, then narrowed as volume dried up after 20:00 ET.
• RSI signaled oversold conditions briefly, but lack of follow-through suggests weak bearish momentum.
• A large bearish engulfing pattern formed at 20:15 ET, signaling a short-term top.
• Bollinger Bands remained narrow for most of the session, indicating a consolidation phase.

Aavegotchi/Tether (GHSTUSDT) opened at 0.182 on 2026-01-11 at 12:00 ET, reached a high of 0.183, fell to a low of 0.173, and closed at 0.174 by 12:00 ET on 2026-01-12. The total volume traded was 236,414.9 with a turnover of 42,071.06 USDT over the 24-hour window.

Structure & Moving Averages

Price action showed a breakdown below the 50-period moving average on the 5-minute chart, indicating bearish control. The 20-period line failed to hold as support multiple times, leading to a retest of the 0.175 level. On the daily chart, the 200-period SMA remains above current price levels, suggesting a long-term downtrend.

MACD & RSI

The MACD line crossed below the signal line in the early hours, reinforcing bearish momentum. RSI reached oversold territory near 0.173 but failed to trigger a meaningful rebound, suggesting exhaustion in the short term. No clear divergence was observed between price and RSI, but momentum remains weak.

Bollinger Bands & Volatility

Bollinger Bands remained relatively narrow for most of the session, with the price hovering near the lower band after 08:00 ET. A brief expansion occurred following the 20:15 ET bearish engulfing pattern, but it was quickly followed by a contraction as volume waned. This suggests a lack of conviction in the current move.

Volume & Turnover Analysis

The highest volume spike occurred at 20:15 ET as price broke below 0.179, confirming the bearish breakout. However, volume significantly declined after 20:00 ET despite continued price declines, indicating weakening conviction. Turnover also dropped after 22:00 ET, suggesting a possible consolidation phase ahead.

Fibonacci Retracements

Recent 5-minute retracements showed a pullback to the 38.2% level around 0.178–0.179 before failing to hold. On the daily chart, the 61.8% retracement level lies near 0.172–0.173, which appears to be a key support cluster. A break below this level could lead to further testing of the 0.170 area.

Price may find near-term direction if it breaks cleanly above 0.178 or below 0.172. However, low volume in the latter part of the session suggests traders should remain cautious and watch for a potential consolidation period ahead.