Market Overview for Bonfida/Tether (FIDAUSDT)

Summary
• FIDAUSDT found key support at $0.0355, rebounding from 0.0353 with a bullish reversal pattern.
• Momentum waned into the early morning, with RSI signaling oversold conditions.
• Volatility expanded late in the session, with Bollinger Bands widening and volume spiking.

The 24-hour session for Bonfida/Tether (FIDAUSDT) opened at $0.0365 on 2026-01-07 12:00 ET, reached a high of $0.0372, and closed at $0.0357 by 2026-01-08 12:00 ET, with a low of $0.0353. Total volume was 10,506,362.5 and turnover was $371,654.41.

Structure & Formations

Price action traced a clear downtrend from the midday peak of $0.0372, finding support at $0.0355–$0.0353. A bullish reversal pattern formed near the 0.0353 level, suggesting potential short-term recovery. Resistance remains at $0.0368 and $0.0370, with a key breakout threshold at $0.0372.

Moving Averages

The 5-minute 20/50 EMA lines crossed lower mid-session, confirming bearish momentum. On the daily chart, price remained below the 50 and 200 EMA, indicating continued short-term bearish bias.

MACD & RSI

The MACD line dipped into negative territory late in the session, while RSI approached oversold levels below 30. This suggests a possible near-term bounce, though a sustained move higher would require a bullish crossover in both indicators.

Bollinger Bands

Volatility increased late in the session, with bands expanding from a narrow mid-session contraction. Price closed near the lower band, suggesting a possible rebound.

Volume & Turnover

Volume spiked during the late-night sell-off, peaking at $11,041.88 in a 5-minute candle. Turnover aligned with volume, showing no divergence. The morning session saw lower volume with a consolidation pattern.

Fibonacci Retracements

Fib levels on the 0.0372 to 0.0353 swing show a key 61.8% retracement at $0.0362, a potential barrier for further gains.

FIDAUSDT appears to have found short-term support and could test the $0.0362 Fib level in the next 24 hours. However, a breakdown below $0.0355 could extend the correction further, with increased volatility likely due to recent Bollinger Band expansion.