Summary
• Price action shows bearish momentum with key resistance at 0.561–0.562 failing to hold.
• Volatility surged during early New York session, with volume and turnover aligning with price declines.
• RSI indicates oversold conditions near 30, suggesting potential short-term bounce but not reversal.
Celestia/Tether (TIAUSDT) opened at 0.5653 on 2026-01-15 12:00 ET, reached a high of 0.5707, and closed at 0.5599 by 2026-01-16 12:00 ET, with a low of 0.54. Total 24-hour volume was 5,530,380.05 and notional turnover was 3,022,864.49.
Structure and Key Levels
Price action on the 5-minute chart revealed a bearish breakdown from 0.561–0.562, a critical resistance cluster, followed by a pullback to
0.557–0.558, where minor support appears to have held. A notable bearish engulfing pattern formed during the early New York session as prices fell from 0.559 to 0.555, signaling continued downside pressure.
Volatility and Momentum
Bollinger Bands expanded during the late evening into morning hours, reflecting increased volatility. MACD remained bearish with negative divergence, confirming a lack of upward buying pressure. RSI approached oversold territory (30) in the final hours, which may suggest a temporary rebound, though not a reversal.
Volume and Turnover Analysis
Volume and turnover spiked during the 15:45–16:00 ET timeframe as price fell sharply to 0.5453, confirming the bearish move. Notable divergence was not observed between price and turnover, indicating aligned bearish sentiment.
Forward-Looking Perspective
Celestia appears to be testing key support levels near 0.555–0.557, with further downside potentially targeting 0.543–0.545. A short-term bounce may be in play near 0.559–0.561, but without a convincing reversal candle or volume confirmation, the bias remains bearish. Investors should watch for a break of 0.562 as a potential near-term pivot.
Over the next 24 hours, a retest of 0.560–0.562 could offer a strategic entry for cautious longs, but bearish continuation is likely if key support fails.
Comments
No comments yet