Market Overview for Audius/Tether (AUDIOUSDT)

Summary
• Price surged to a 24-hour high of $0.032 amid a sharp volume spike in the late afternoon.
• Momentum accelerated in the final hours, with RSI approaching overbought territory.
• Bollinger Bands widened, signaling increased volatility and potential for a directional breakout.
• Volume expansion confirmed the bullish push, with over $27.5 million in notional turnover.
• A bullish engulfing pattern emerged near the session high, hinting at short-term strength.

Audius/Tether (AUDIOUSDT) opened at $0.0302 on 2026-01-16 12:00 ET, reached a high of $0.032, and closed at $0.0312 by 12:00 ET on 2026-01-17. The pair traded within a range of $0.0301 to $0.032, with total volume of ~10.0 million units and turnover of ~$27.6 million.

Structure and Formations

A strong bullish bias developed late in the session, as price broke out of a descending channel with a bullish engulfing candle at the top of the consolidation. A key resistance level around $0.0315 was briefly tested and surpassed, while support appeared to hold near $0.0308. A 61.8% Fibonacci retracement level of the final upward move lies near $0.0313, suggesting a potential area of consolidation ahead.

Moving Averages and Momentum

Short-term moving averages on the 5-minute chart (20/50) crossed above price in the afternoon, confirming the upward shift. RSI pushed above 65, indicating momentum is building, though not yet overbought. MACD showed a strong positive divergence, with the line and histogram expanding in sync with the price rally.

Volatility and Bollinger Bands

Volatility surged late in the session as price moved out of a tight range and into the upper Bollinger Band. This breakout was supported by a sharp increase in volume, particularly around 15:15 ET when a large bullish candle printed a high of $0.032. The widening bands suggest increased market participation and may indicate a continuation of the current trend.

Volume and Turnover Analysis

Volume spiked dramatically in the last three hours of the session, especially after 15:15 ET, with over 1.69 million units traded in that 15-minute interval alone. Turnover mirrored the volume pattern, with a large portion of the $27.6 million in turnover occurring in the final 4.5 hours. The positive volume-price alignment suggests strong confirmation of the recent rally.

A continuation of the bullish momentum seems likely in the near term, especially if $0.0315–$0.032 holds as a dynamic support/resistance zone. However, traders should remain cautious of a potential pullback toward the 38.2% Fibonacci level at $0.0311 if short-term profit-taking emerges.