Market Overview: Bonk/Tether (BONKUSDT) on 2026-01-01

Generated by AI AgentAinvest Crypto Technical RadarReviewed byTianhao Xu
Thursday, Jan 1, 2026 8:29 pm ET1min read
BONK
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Aime RobotAime Summary

- BONKUSDT rebounded from $7.46 support with bullish engulfing patterns after 19:45 ET, confirming short-term reversal.

- RSI exited oversold and MACD turned positive by 04:15 ET, aligning with 20/50-period MA crossovers to confirm upward momentum.

- Bollinger Bands expanded post-09:00 ET as price broke $7.58e-06 resistance, coinciding with 1.5x above-average volume and $252M turnover spike.

- 61.8% Fibonacci support and 38.2% resistance levels validated price action, but increased volatility suggests potential consolidation near $7.8e-06.

Summary
• Price formed key support at $7.46 and rallied with bullish engulfing patterns after 19:45 ET.
• Momentum shifted upward after 04:15 ET as RSI moved out of oversold and MACD turned positive.
• Bollinger Bands showed expansion post 09:00 ET, coinciding with a 7.58e-06 high and increased volatility.
• Notional turnover spiked above $252 million at 15:45 ET, coinciding with a breakout above $7.8e-06.
• Volume surged 1.5x above average during the final 2 hours of the 24-hour period, signaling accumulation.

Bonk/Tether (BONKUSDT) opened at $7.44e-06 on 2025-12-31 12:00 ET and reached a high of $7.85e-06 before closing at $7.85e-06 on 2026-01-01 12:00 ET. The 24-hour notional turnover was $2.86 billion with a total volume of 36.63 billion tokens.

Structure & Candlestick Formations


A key support level formed around $7.46, where price found buying interest after several bearish candles. After 19:45 ET, a series of bullish engulfing patterns confirmed a short-term reversal. By 09:00 ET, price broke above a minor resistance at $7.58e-06 and continued higher. A strong bullish flag pattern emerged during the final hours of the session as volume surged.

Moving Averages and Momentum


Short-term moving averages (20/50-period) crossed above price by 04:15 ET, confirming the upward shift in trend. The MACD turned positive during this period and showed a healthy divergence from the prior bearish trend.
RSI exited the oversold zone around the same time, suggesting renewed buying pressure.

Volatility and Bollinger Bands


Volatility expanded significantly after 09:00 ET, pushing price above the upper Bollinger Band at $7.58e-06. This expansion coincided with the breakout and confirmed the bullish momentum. The narrowing band earlier in the session had signaled a consolidation phase, followed by a sharp upward move.

Volume and Turnover Divergence


Volume surged late in the session, with a peak of $252 million in turnover at 15:45 ET as price hit a high of $7.85e-06. This suggests strong conviction in the bullish move. No significant divergence was noted between volume and price, indicating aligned buyer sentiment.

Fibonacci Retracement Levels


Price found key support at the 61.8% Fibonacci level of the recent 5-minute swing down from $7.58e-06 to $7.46e-06. On a larger scale, the 38.2% level of the daily swing from $7.44e-06 to $7.85e-06 acted as resistance in the mid-session before being taken out.

The upward trend appears to be gaining traction, particularly with strong volume and momentum confirming the price action. However, increased volatility suggests price could consolidate or retest $7.8e-06 in the next 24 hours. Investors should watch for a pullback to the 50-period MA as a potential entry signal but remain cautious of a possible short-term correction.