Market Overview for Bonfida/Tether (FIDAUSDT): 24-Hour Summary and Technical Outlook

Summary
• FIDAUSDT traded in a tight range, forming key resistance near 0.0360–0.0364 and support at 0.0354–0.0355.
• A bullish breakout above 0.0360 in the final 5-minute candle suggests potential upward momentum.
• Volume was concentrated around 0.0358–0.0361, indicating strong demand in the higher range.
• RSI approached overbought territory, hinting at short-term profit-taking pressure.
• Bollinger Bands narrowed mid-day before a late expansion, signaling rising volatility.

Bonfida/Tether (FIDAUSDT) opened at 0.0352 on 2026-01-16 12:00 ET, reaching a high of 0.0364 and a low of 0.0347 before closing at 0.0364 on 2026-01-17 12:00 ET. Total volume was 13,930,906, with turnover of 504,110.27.

Structure & Formations

The 24-hour period showed consolidation between 0.0347 and 0.0364, with a clear pivot forming at 0.0358–0.0361. A strong bullish engulfing pattern emerged in the 12:00–12:15 ET window as the price surged past key resistance. Support levels are defined by the 0.0354–0.0355 range, where volume thickened and the price found multiple bids.

Moving Averages

On the 5-minute chart, the 20-period MA acted as dynamic support near 0.0354–0.0356. The 50-period MA confirmed a bullish tilt during the final push. Daily averages suggest a longer-term consolidation phase, with the 100-period MA at ~0.0353 offering a reference point for near-term support.

Momentum and Volatility

The RSI peaked near 75, suggesting short-term overbought conditions. MACD showed a positive crossover late in the session, reinforcing the recent bullish impulse. Bollinger Bands exhibited a period of contraction before the final 2 hours, followed by a clear expansion, indicating a rise in volatility and market participation.

Volume and Turnover

Trading volume was heavily concentrated in the 0.0358–0.0361 range during the 10:00–12:00 ET period, with a final push of 788,083 volume confirming the breakout. Notional turnover increased sharply alongside price, with no signs of divergence between price and volume, suggesting strong conviction behind the move.

Fibonacci Retracements

On the 5-minute chart, the 0.0364 close aligns with the 61.8% retracement level of the 0.0347–0.0361 move, suggesting a potential continuation of the upward trend. On the daily chart, the same level may serve as a temporary cap before the next wave of accumulation begins.

FIDAUSDT appears to have broken out of a tight trading range on strong volume and momentum, with 0.0364 acting as a potential short-term ceiling. Traders may look for a test of this level and possible follow-through into 0.0365–0.0370. However, a failure to hold above 0.0358 could trigger a pullback toward 0.0354–0.0355, with the risk of deeper correction if key support breaks.