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Summary
• Price tested key resistance at $0.032, failing to break above and consolidating lower.
• RSI indicates oversold conditions, suggesting potential for a near-term bounce.
• Volatility expanded significantly with a sharp price drop in late trading hours.
• Bollinger Bands widened as price action deviated from the 20-period moving average.
• Notional turnover surged during the 8:45–9:00 AM ET rally, signaling increased participation.
The Audius/Tether (AUDIOUSDT) pair opened at $0.0317 on 2026-01-07 12:00 ET, reached a high of $0.0354, and closed at $0.0311 by 12:00 ET on 2026-01-08. The 24-hour volume was 17,681,104.8, with total notional turnover at $558,895.6.
Structure and Candlestick Patterns
Price failed to hold above $0.032 and formed a bearish engulfing pattern in the early morning. A long lower shadow emerged around $0.0315–$0.0317, suggesting a key support level.
Moving Averages and Trend Direction
On the 5-minute chart, price closed below the 20-period and 50-period moving averages, reinforcing a short-term bearish bias. Daily MAs (50/100/200) remain untested but likely remain neutral to bearish given the intraday action.
Momentum and Volatility
The RSI hit oversold territory near 25 in late trading, hinting at potential for a rebound. MACD turned negative, but divergence was observed in the 8:45–9:00 AM rally, where price rose while momentum weakened, signaling caution. Bollinger Bands widened during the sharp move up and down, indicating heightened uncertainty in the market.
Volume and Turnover Dynamics
Volume spiked during the 8:45–9:00 AM ET rally with a large notional turnover, suggesting strong participation. However, price failed to close near the high of that rally, indicating waning conviction. Divergence between volume and price occurred in the final hours, raising concerns about the sustainability of any near-term recovery.
Fibonacci Retracements
Fibonacci retracement levels for the 5-minute move from $0.0317 to $0.0354 suggest a potential bounce around the 61.8% level at $0.0334 could fail again, reinforcing bearish pressure. The daily swing from $0.032 to $0.0354 also sees critical support at 61.8% near $0.0328, which has now been tested multiple times.

Looking ahead, price appears to favor consolidation around $0.0313–$0.0315, but further bearish momentum could test $0.0307 if volume remains weak. Investors should monitor the 20-period MA as a near-term guide for potential reversals.
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