Market Overview for Bonk/Tether (BONKUSDT) – 2026-01-03

Summary
• Price tested key resistance near $0.00000914 but pulled back, forming bearish harami patterns in late trading.
• RSI reached overbought levels above 65, suggesting potential short-term pullback.
• Volume and turnover surged in the 20:15–22:45 ET window, aligning with price highs.
• Bollinger Bands showed a narrowing before the breakout, hinting at a volatile continuation.
• A 50-period EMA crossed above the 20-period EMA in early hours, offering short-term bullish momentum.

Bonk/Tether (BONKUSDT) opened at $0.00000891 on 2026-01-02 12:00 ET and closed at $0.00000893 on 2026-01-03 12:00 ET, reaching a high of $0.00000938 and a low of $0.00000882. Total volume was 349,962,342,904 and turnover reached $3,144,362.

Structure and Candlestick Patterns

. A key support level emerged at $0.00000905, which was tested and held multiple times, with a larger bullish engulfing pattern forming just below that level in the early morning.

Technical Indicators and Momentum

The 50-period EMA crossed above the 20-period EMA early in the session, providing a short-term bullish signal. However, the RSI reached overbought levels near 65 during the 20:00–22:00 ET surge, indicating potential near-term exhaustion. MACD showed a positive crossover in the morning, confirming early bullish momentum, but a bearish divergence appeared after 02:00 ET as the MACD histogram began to contract.

Volatility and Bollinger Bands

Bollinger Bands narrowed between 01:30 and 03:00 ET, signaling a period of consolidation before a sharp upward breakout. Price peaked at the upper band during the high-volume 20:15–22:45 ET period but failed to close above it, suggesting continued uncertainty. Volatility remains elevated with a 30-day average of $0.000000055 range.

Volume and Turnover

Turnover spiked to $42,350,825 at 16:15 ET and again to $32,940,140 at 16:30 ET, aligning with the highest price levels. Volume was particularly strong during the 20:15–22:45 ET window, confirming the strength of the rally. Divergence emerged between the late-night volume and price, as turnover dipped even as price continued to consolidate.

Fibonacci Retracements

Key retracement levels from the $0.00000882 low to $0.00000938 high included 38.2% at $0.00000907 and 61.8% at $0.00000923. Price stalled near the 61.8% level and pulled back to test the 38.2% level during the 05:45–06:15 ET consolidation phase, suggesting temporary equilibrium.

In the coming 24 hours, the market may attempt another push above $0.00000914–$0.00000916, but a failure to hold above $0.00000905 could trigger a deeper pullback to the $0.00000893–$0.00000895 support zone. Investors should remain cautious given the recent overbought RSI and bearish divergence in MACD.