Market Overview: Bonk/Tether (BONKUSDT) – 24-Hour Technical Review

Summary
• Price declined from 1.061e-05 to 1.047e-05 on 24-hour 5-minute candles.
• Volume spiked above 1.1e11 during morning ET consolidation and late afternoon rally.
• RSI signaled oversold conditions below 30 before late-day bullish reversal.
• Bollinger Bands expanded with heightened volatility in afternoon ET rally.
• Key support at 1.04e-05 held during early decline; resistance at 1.06e-05 tested twice.

Bonk/Tether (BONKUSDT) opened at 1.056e-05 on 2026-01-12 at 12:00 ET, peaked at 1.061e-05, and closed at 1.047e-05 as of 12:00 ET on 2026-01-13. The total 24-hour volume was 1.328e12, with a notional turnover of approximately 13,280,000 USD.

Structure & Formations

Price action revealed a bearish breakdown from 1.06e-05 resistance early in the session, followed by a test of 1.04e-05 as a key support level. This area held, and a subsequent bullish reversal formed as the price climbed back toward 1.05e-05 by session close. The pattern suggests potential short-term consolidation or a possible continuation of the downward trend if support fails again.

Moving Averages

On the 5-minute chart, the 20 and 50-period moving averages crossed into bearish alignment early in the session, supporting the downward trend. By the close, the 50-period line was slowly approaching the 20-period line from below, indicating a potential convergence and possible reversal in near-term momentum.

MACD & RSI

The MACD histogram contracted in the morning and expanded again during the afternoon rally, signaling renewed momentum. RSI dipped below 30 in the early afternoon, suggesting oversold conditions, but rebounded sharply as buyers re-entered. The indicator closed around 52–54, indicating a neutral to mildly bullish bias.

Bollinger Bands

Volatility expanded significantly during the afternoon and early evening ET as the price moved from the lower band to near the upper band. This suggests increased trader participation and a potential breakout scenario if the price continues to trade above the midline.

Volume & Turnover

Volume surged to over 1.1e11 during the morning consolidation and again during the late afternoon rally. Turnover aligned well with price movement, particularly between 14:00 and 16:00 ET, when the largest bullish moves were confirmed by strong volume spikes.

Fibonacci Retracements

The 38.2% and 61.8% Fibonacci retracement levels of the early session decline were tested in the late afternoon rally. The 61.8% level (~1.053e-05) appears to have acted as a temporary resistance, suggesting that further upside may be contingent on a break above this level.

Forward-Looking Outlook

With 1.04e-05 support holding and bullish momentum building in the final hours of the session, BONKUSDT could test the 1.06e-05 resistance level again in the next 24 hours. Investors should monitor volume for confirmation of a breakout attempt. A break below 1.04e-05 would heighten the risk of further downside, particularly toward 1.035e-05.