Market Overview for Compound/Tether (COMPUSDT)

Summary
• Price surged to $27.44, rebounded to $26.73, and closed near $27.16 with strong bullish momentum.
• RSI shows overbought conditions, while volume remains elevated, confirming recent buying pressure.
• A bullish engulfing pattern emerged after a consolidation phase, suggesting short-term upward bias.

Compound/Tether (COMPUSDT) opened at $26.18 on 2026-01-16 12:00 ET, reached a high of $27.44, a low of $26.73, and closed at $27.16 at 12:00 ET the next day. Total volume for the 24-hour window was 26,598.72, and notional turnover reached approximately $718,976.

Structure & Formations

The 24-hour chart for COMPUSDT displayed a clear bullish trend with resistance forming near $27.44 and support at $26.73. A strong bullish engulfing pattern formed on the $26.73–$27.16 rally, suggesting continued upward bias. A potential double bottom structure was observed near $26.73, which could signal a reversal in a broader downtrend.

Moving Averages and MACD

Short-term moving averages (20/50-period) on the 5-minute chart remained well above price, confirming bullish momentum. The MACD histogram showed increasing positive divergence, supporting the likelihood of continued upward movement. The 50-period daily moving average was near $26.90, which COMPUSDT surpassed, indicating a shift in sentiment.

RSI and Bollinger Bands

The 14-period RSI reached overbought territory above 70, suggesting a potential correction. However, bullish divergence between price and RSI suggested that buying pressure remained strong. Bollinger Bands displayed a recent expansion following a period of consolidation, with price holding above the 2-standard deviation upper band for brief periods, indicating heightened volatility.

Volume and Turnover

Volume remained elevated throughout the 24-hour period, with a sharp spike near $27.44 coinciding with a breakout. Notional turnover closely followed price surges, providing confirmation rather than divergence. The largest single 5-minute volume spike occurred at 23:45 ET on 2026-01-16, when 2,659.872 units were traded, aligning with the price surge to $27.17.

Fibonacci Retracements

Fibonacci retracements applied to the key $26.73–$27.44 move indicated the 61.8% level at $27.25 as a potential near-term target. The $27.16 close came close to this level, suggesting traders may take profits or consolidate before further advances.

The next 24 hours may see COMPUSDT testing the $27.44 resistance again, with potential for a pullback toward $27.05–$27.16 if overbought conditions correct. Investors should remain cautious about overbought RSI readings and potential short-term volatility.