Market Overview for Artificial Superintelligence Alliance/Tether (FETUSDT)

Summary
• Price declined from $0.2941 to $0.2792 over 24 hours, forming bearish engulfing patterns.
• RSI and MACD indicated oversold conditions, suggesting potential for a short-term rebound.
• Volatility expanded after a consolidation phase, with volume surging during the downward leg.
• Bollinger Bands showed price tested the lower band, reinforcing bearish momentum.
• Key support around $0.2775 and resistance at $0.285 appear critical for near-term direction.

At 12:00 ET–1 on January 6, 2026, Artificial Superintelligence Alliance/Tether (FETUSDT) opened at $0.2939, reached a high of $0.3009, and closed at $0.2792 at 12:00 ET on January 7. The price declined from $0.2939 to $0.2792 over the 24-hour period, with a total volume of 76,999,525.60 and turnover of $22,011,948.69.

Structure & Formations

Price experienced a sharp selloff beginning around 18:00 ET on January 6, forming several bearish candlestick patterns, including engulfing and hanging man patterns, especially in the $0.285–$0.290 range. A key bearish pivot point appears to have formed at $0.285, with support zones emerging at $0.2775 and $0.275.

Moving Averages

On the 5-minute chart, the 20-period and 50-period moving averages both trended downward during the session, reinforcing the bearish momentum. On the daily chart, the 50-period and 100-period moving averages crossed below the 200-period line, suggesting potential bearish bias in the near term.

MACD & RSI

The 12:00 ET close showed RSI at 23, indicating an oversold condition. MACD showed bearish divergence with price as it trended lower, but both indicators may be setting up for a short-term bounce from key support levels.

Bollinger Bands

Price tested the lower Bollinger Band multiple times during the session, especially as volatility increased in the 14:15 ET–17:00 ET range. The bands expanded after a period of contraction, signaling heightened market uncertainty.

Volume & Turnover

Volume spiked during the sharp selloff, particularly between 14:15 ET and 16:45 ET, with notable volume at the $0.280–$0.285 level. Notional turnover aligned with price declines, confirming the bearish move.

Fibonacci Retracements

Price fell below the 61.8% Fibonacci retracement level of the previous bullish swing, reinforcing bearish sentiment. A rebound from the 38.2% retracement level at $0.285 could test the strength of the recent bearish momentum.

Price may find a near-term bottom between $0.2775 and $0.275 but could remain volatile ahead of any clear breakout. Investors should watch for confirmation at these levels and consider the risk of renewed selling pressure if key support breaks.