Market Overview for BENQI/Tether (QIUSDT) on 2026-01-09

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Friday, Jan 9, 2026 3:50 am ET1min read
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Aime RobotAime Summary

- BENQI/Tether (QIUSDT) failed to hold key resistance at 0.0035, closing at 0.00335 after a bearish breakdown.

- Bearish engulfing patterns and an evening star at 0.00342 confirmed short-term bearish momentum, supported by RSI overbought reversal and Bollinger Band expansion.

- Late-night volume surged during the breakdown below 0.00338, aligning with Fibonacci 61.8% retrace at 0.00339 and signaling potential downside to 0.00336–0.00337.

Summary
• Price tested key resistance near 0.0035 but failed to hold above.
• RSI approached overbought territory mid-session before reversing lower.
• Late-night volume surged during a breakdown to 0.00339, confirming bearish pressure.
• Bollinger Bands showed a contraction pre-liquidation, followed by a sharp expansion.
• No strong bullish candlestick patterns emerged, but bearish engulfing and evening star setups were observed.

BENQI/Tether (QIUSDT) opened at 0.00347 and reached a high of 0.00351 before closing at 0.00335. The 24-hour low was 0.00334. Total traded volume was 66,231,912.0 and turnover was 221,299.31.

Structure & Formations


Price struggled to hold key resistance at 0.0035 throughout the day, with bearish engulfing patterns forming after failed attempts to reclaim that level. A bearish evening star was observed at 0.00342–0.00343, suggesting short-term bearish momentum. A critical support level formed at 0.00338 after multiple bounces, but a breakdown below this level in late trading confirmed a shift in sentiment.

Moving Averages


On the 5-minute chart, the price closed below both the 20-EMA and 50-EMA, reinforcing a short-term bearish bias. Daily moving averages (50/100/200) showed the price trending slightly below the 50-day average but above the 200-day, indicating mixed-term bearish momentum.

Momentum and Volatility


The RSI reached overbought conditions near 0.00351 before rolling over and declining sharply, confirming a lack of follow-through buying. Bollinger Bands showed a quiet pre-liquidation period followed by a sharp expansion after 00:00 ET. The late-night breakdown was accompanied by high volume and volatility, suggesting a meaningful shift in market direction.

Volume and Turnover


Volume spiked significantly during the breakdown below 0.00338, with over 14 million units traded during that 1.5-hour window. Turnover also increased during this period, confirming the move. Price and turnover aligned during the breakdown, which is a bullish confirmation for short-term bearish positioning.

Fibonacci Retracements


Fibonacci levels from the earlier 0.0034–0.00351 swing showed a 61.8% retrace at 0.00339, which was a key level in the final hours of the session. The breakdown below this level suggests further downside potential toward the next 38.2% retrace at 0.00336–0.00337.

The market appears to have shifted to a bearish bias with a breakdown of key support. While the immediate downside target is near 0.00336–0.00337, any attempt to retest 0.00338 may be met with resistance. Investors should monitor volume and RSI divergence as possible early signs of a reversal, but caution is warranted in the near term.