Summary
• Price remained confined between 0.000694 and 0.000708, suggesting consolidation with no clear directional bias.
• A long-legged doji formed near 0.000701 at 03:00 ET, signaling indecision after a brief rally.
• Notional turnover spiked during the 19:15–19:45 ET period as price advanced, suggesting short-term buying pressure.
• RSI remained neutral around 48–55, indicating no overbought or oversold conditions.
• Volume surged at 09:15 ET as price broke to new highs for the period, validating the upward thrust.
BOOK OF MEME/Tether (BOMEUSDT) opened at 0.0007 on 2026-01-10 at 12:00 ET, reaching a high of 0.000712 before closing at 0.000707 at 12:00 ET on 2026-01-11. The 24-hour trading volume amounted to 699,478,936.0 and notional turnover was 479,042.18.
Structure and Key Levels
Price activity remained tightly bracketed between 0.000694 and 0.000712 over the 24-hour period, forming a flag-like consolidation pattern. A failed breakout above 0.000708 during the 09:15–09:45 ET window was followed by a pullback, suggesting resistance remains intact. A 5-minute bullish engulfing pattern formed at 07:15 ET, but it was not followed through, hinting at cautious optimism among buyers.
Indicators and Momentum
The 20-period and 50-period moving averages on the 5-minute chart hovered near 0.000701–0.000704, with price oscillating around these levels. MACD remained flat for most of the session, but showed a positive divergence at the end, aligning with the late morning rally. RSI remained in the mid-range, avoiding overbought or oversold extremes, while Bollinger Bands tightened during the 01:30–03:00 ET period before expanding with the final push toward 0.000712.
Volume and Turnover
Volume and turnover saw sharp spikes during the 19:15–19:45 ET and 09:15–09:45 ET windows, coinciding with price advances and a failed attempt at a breakout, respectively. The most notable divergence occurred at 03:00 ET when a doji formed on high volume, suggesting conflicting buying and selling pressure. Turnover confirmed the late morning high, but volume failed to surpass the earlier session’s peak.
Forward Outlook and Risk Note
Price may test the upper boundary of the consolidation range again, with a potential retest of 0.000708 if buyers re-enter. However, the absence of a clear breakout and the neutral RSI suggest a period of sideways movement could persist. Investors should monitor the 0.000703 level for short-term support and 0.000710 as a critical resistance. A breakdown below 0.000694 may signal renewed bearish momentum, while a sustained close above 0.000712 could open the door for further gains.
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