Market Overview for Bonk/Tether on 2026-01-09

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Friday, Jan 9, 2026 9:23 pm ET1min read
BONK
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Aime RobotAime Summary

- BONKUSDT formed bearish engulfing/doji patterns, breaking below key support at $1.108e-05-$1.12e-05.

- RSI oversold, MACD diverged, and $8.53B turnover confirmed bearish momentum amid expanded volatility.

- Price consolidation near $1.076e-05-$1.083e-05 expected, with short-covering potential but risks if support fails.

Summary
• Price formed bearish engulfing and doji patterns, indicating waning bullish momentum.
• Volatility expanded as price broke below key support levels after a short-lived rally.
• RSI and MACD show weakening momentum with potential oversold conditions emerging.
• Turnover surged during the afternoon ET selloff, confirming bearish sentiment.

Bonk/Tether (BONKUSDT) opened at $1.092e-05 at 12:00 ET − 1, reaching a high of $1.125e-05 before settling at $1.09e-05 by 12:00 ET, with an intraday low of $1.064e-05. Total 24-hour volume reached 793.12 billion and notional turnover hit $8.53 billion, reflecting heightened activity.

Structure & Formations


Price action showed bearish engulfing patterns early in the session, followed by doji near key resistance levels at $1.108e-05 and $1.12e-05. A breakdown below $1.10e-05 confirmed bearish control, with support now likely at $1.083e-05 and $1.076e-05.

Moving Averages and Fibonacci


A 5-minute 20/50 SMA crossover turned bearish during the afternoon ET session, with price closing below the 50 SMA. Daily chart 50/200 SMA alignment also drifted lower. Fibonacci levels from the recent $1.064e-05 to $1.13e-05 swing suggest 61.8% retracement around $1.098e-05, now acting as resistance.

Momentum and Volatility



RSI dipped into oversold territory in late ET hours, suggesting potential consolidation or a short-covering bounce. MACD diverged from price action in the final hours, indicating weakening bearish momentum. Bollinger Bands expanded during the selloff, with price hovering near the lower band, indicating elevated volatility.

Volume and Turnover Divergence


Volume spiked during the afternoon ET sell-off, with notional turnover surging to $715 million at 15:30 ET. Price action and turnover aligned during this period, confirming bearish conviction. However, a divergence emerged in the final hours, with declining turnover and sideways price, suggesting exhaustion.

BONKUSDT may consolidate around $1.076e-05–$1.083e-05 in the next 24 hours, with a potential rebound if short-covering builds. Investors should remain cautious of further downside if the key $1.076e-05 support is tested and not held.