Summary
•
tested key support at $0.0255–0.0257, rebounding with bullish volume in early morning ET.
• Momentum indicators show overbought/oversold extremes, but divergence suggests mixed near-term sentiment.
• Volatility expanded in 19:45–20:30 ET as price surged to $0.0262, forming a bullish breakout pattern.
Bubblemaps/Tether (BMTUSDT) opened at $0.0262 on 2026-01-14 at 12:00 ET, reaching a high of $0.0262 and a low of $0.0253, closing at $0.0255 by 12:00 ET. Total 24-hour volume was 13,528,439.9 units with $346,755.22 in turnover.
Structure & Formations
Price action revealed multiple key levels: support at $0.0255–0.0257 and resistance at $0.0260–0.0262. A bullish engulfing pattern formed around $0.0260–0.0262 in the early evening, suggesting a potential short-term reversal. Later, a large bearish candle near $0.0255–0.0257 hinted at retesting of critical support.
Volatility and Bollinger Bands
Volatility spiked between 19:45–20:15 ET, with price moving above upper Bollinger Bands before retracting. A period of consolidation followed, with price hovering near the lower band in the overnight session.
Momentum and Indicators
RSI briefly entered overbought territory during the $0.0260 breakout, but failed to hold above 65, indicating possible exhaustion. MACD showed positive divergence in late ET, which may suggest a potential pause in the bearish trend.
Volume and Turnover
Volume surged to 1.9M units in the 19:45–20:00 ET timeframe, confirming the breakout. However, turnover during this period did not match earlier spikes, hinting at possible distribution or fading interest.
Fibonacci Retracements
A recent swing from $0.0253 to $0.0262 saw price retest 50% and 61.8% levels multiple times, with 50% acting as a pivot in morning trading. A daily swing from $0.0255 to $0.0262 saw consolidation at 38.2% and 50% in the following 24 hours.
The next 24 hours could see renewed testing of $0.0260 as a psychological level, with a potential pullback to $0.0255–0.0257 under pressure. Investors should remain cautious of uneven volume and diverging momentum signals, which could point to mixed positioning.
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