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Summary
• Price tested 0.186–0.187 resistance before retreating to 0.181–0.183 support, forming bearish reversal patterns.
• Momentum weakened with RSI near oversold, but divergences suggest caution.
• Volatility spiked mid-session, with volume surging during the 0.183–0.182 breakdown.
• Bollinger Bands widened following the sell-off, signaling increased uncertainty.
• Turnover remained elevated during key price moves, suggesting active participation.
Aavegotchi/Tether (GHSTUSDT) opened at 0.184 on 2026-01-07 at 12:00 ET, surged to 0.188, then dropped to 0.179, closing at 0.181 at 12:00 ET. Total volume reached 344,389.6, with a notional turnover of 61,660.36.
Structure & Formations
Price action showed a bearish engulfing pattern at 0.183 and a potential bullish reversal at 0.181. Key support levels appear at 0.181–0.182 and 0.179–0.180, while resistance is clustered at 0.184–0.186 and 0.187–0.188.
Moving Averages

MACD & RSI
The RSI reached oversold territory below 30 at the close, indicating a potential rebound. MACD showed bearish momentum until the final hours, with a slight flattening suggesting slowing downward pressure.
Bollinger Bands
Bollinger Bands expanded during the sharp selloff, with price hitting the lower band at 0.179 and rebounding. This expansion suggests increased volatility and uncertainty in near-term direction.
Volume & Turnover
Volume spiked during the breakdown below 0.183 and again at the close, with turnover confirming bearish conviction. However, price and volume diverged slightly during the final hour as turnover remained high while price stabilized.
Fibonacci Retracements
Fibonacci levels on the 5-minute chart suggest 0.181 and 0.179 as potential support zones, with 0.184 and 0.186 as key retest levels. Daily retracements would depend on broader context but align with observed support/resistance clusters.
A consolidation phase is likely in the next 24 hours, with a possible test of 0.182–0.183 support. Traders should watch for a breakout or reversal signal, while being mindful of thin liquidity and sharp moves due to low capitalization.
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