Market Overview for Chromia/Tether (CHRUSDT) on 2026-01-19

Summary
• Price declined sharply in the early hours of 2026-01-19, forming a bearish engulfing pattern.
• Momentum weakened significantly as RSI dropped into oversold territory by 04:00 ET.
• Volatility spiked during the late ET sell-off, with volume peaking above 2 million.
• Bollinger Bands widened as price diverged below the 20-period moving average.
• Volume and turnover diverged in the final hours, indicating potential exhaustion in the downward move.

24-Hour Snapshot

Chromia/Tether (CHRUSDT) opened at 0.0481 on 2026-01-18 at 12:00 ET, reached a high of 0.0488, and fell to a low of 0.0422 before closing at 0.0441 by 12:00 ET on 2026-01-19. Total volume was 14.1 million, with a notional turnover of $62,773.

Structure and Patterns

The sharp decline after 23:30 ET formed a bearish engulfing pattern, signaling strong bearish momentum. Key support appears near 0.0434–0.0436, where price has bounced twice. A 61.8% Fibonacci retracement of the 23:45–00:15 swing resides at 0.0444, aligning with a prior resistance level.

Moving Averages and Momentum

On the 5-minute chart, price closed below the 20 and 50-period moving averages, reinforcing a short-term bearish bias. RSI hit oversold territory at 26 by 04:00 ET, suggesting potential for a near-term bounce. MACD showed a bearish crossover with a negative histogram, confirming declining bullish momentum.

Volatility and Volume

Bollinger Bands expanded sharply between 00:00 and 01:00 ET, coinciding with the lowest price of the session. While volume surged to over 2.2 million, the decline in turnover after 04:00 ET suggests order flow is thinning, hinting at a potential consolidation phase.

Forward Outlook and Risk

Price may test the 0.0434 support level in the coming hours, with a potential for a short-term rebound into 0.0444. However, a break below 0.0434 could accelerate the decline toward 0.0422. Investors should monitor the 20-period MA as a near-term guide and be cautious of extended volatility.