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Summary
• Price surged past 0.001362 on a bullish engulfing pattern.
• RSI suggests momentum is still intact but nearing overbought.
• Bollinger Bands widened during the 22:15–23:45 ET rally, signaling rising volatility.
• Notional turnover spiked during the 22:15 ET 5-minute bar, with volume confirming the upward move.
• 0.001355 appears to be a strong short-term support level based on multiple retests.
Contentos/Tether (COSUSDT) opened at 0.001343 on 2026-01-13 12:00 ET and closed at 0.001376 on 2026-01-14 12:00 ET, with a high of 0.001388 and a low of 0.001343. Total volume for the 24-hour period was approximately 86.4 million, with a notional turnover of roughly 118,571.
Structure & Formations
A bullish engulfing pattern formed during the 22:15 ET 5-minute bar as the price surged from 0.001356 to 0.001387, signaling strong buying pressure. The 0.001355 level held as a support during multiple retests, particularly in the 21:00–04:45 ET period. A bearish doji appeared at 04:45 ET near 0.001374, hinting at potential exhaustion.
Moving Averages
On the 5-minute chart, the price moved above both 20 and 50-period moving averages during the late ET hours, reinforcing the bullish trend. On the daily chart, the asset remains above the 50 and 100-period MAs, with a slight pullback toward the 200-period MA, suggesting potential consolidation.
MACD & RSI

Bollinger Bands
Bollinger Bands expanded during the 22:15–23:45 ET rally, with the price reaching the upper band before retreating. Volatility remained elevated through the early morning ET hours, suggesting the market remained active and trend-following.
Volume & Turnover
Volume surged to over 23.9 million during the 22:15 ET bar, coinciding with the largest price gain of the session. Notional turnover spiked in parallel, confirming the strength of the upward move. However, volume dipped during the 04:45–06:00 ET period as the price consolidated, raising questions about the sustainability of the trend.
Fibonacci Retracements
A 0.618 Fibonacci retracement level of the 22:15–23:30 ET rally appears near 0.001365, which the price briefly tested before continuing higher. A 38.2% retracement at 0.001378 could become resistance if the price stalls.
The market appears to be in a short-term bullish phase with key resistance near 0.001380 and support around 0.001355. Traders may watch for a pullback toward the 0.001372–0.001375 range for potential entries. Caution is advised, as overbought RSI and diverging volume may signal a near-term correction.
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