Market Overview for Amp/Tether (AMPUSDT)

Summary
• Price action showed a bearish reversal pattern in late ET hours with a potential breakdown below key support.
• Momentum weakened as RSI fell into oversold territory, suggesting a potential bounce in the near term.
• Volatility expanded during the overnight session, but volume failed to confirm the move below 0.002200.
• Bollinger Bands widened post-ET as price remained near the lower band, indicating a possible rebound.
• Turnover increased sharply post-00:15 ET, but price did not follow through, raising divergence concerns.

Amp/Tether (AMPUSDT) opened at 0.002237 on 2026-01-08 12:00 ET, reached a high of 0.002286, a low of 0.002166, and closed at 0.002171 as of 2026-01-09 12:00 ET. Total 24-hour volume was 239,433,188.0 and turnover reached approximately $51,901,531.39.

Structure and Key Levels

Price formed a bearish engulfing pattern on the 5-minute chart during the overnight session as price moved below the 0.002200 psychological level, a prior support-turned-resistance. The breakdown below this level coincided with a rejection near 0.002203 on the 5-minute Fibonacci 61.8% retracement. A potential short-term support was observed near 0.002170, where price found a base twice during the morning hours.

Momentum and Volatility

RSI dipped into oversold territory, reaching a low of 28.4 during the overnight hours, indicating potential for a short-term rebound. MACD remained bearish, with both the MACD line and signal line below zero, though divergence was observed between price and the histogram during the morning session. Bollinger Bands expanded significantly after 00:00 ET, reflecting increased volatility.

Volume and Turnover Analysis

Volume spiked sharply at 00:15 ET, signaling a potential breakdown attempt, but price failed to close below 0.002197 for confirmation. Notional turnover rose in line with the price decline, but the volume was largely concentrated in bearish 5-minute bars during the early hours. The morning session showed a reduction in volume as buyers attempted to test the 0.002170 area.

Looking ahead, a test of the 0.002170 level may trigger a bounce if bulls hold. However, a close below 0.002170 could lead to further downside toward 0.002150. Investors should remain cautious as divergence and low volume may limit a strong reversal.