Market Overview: Dash/Tether (DASHUSDT) on 2026-01-08

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Thursday, Jan 8, 2026 11:42 am ET1min read
DASH
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Aime RobotAime Summary

- DASH/USDT fell to 37.59 then rallied near 38.30, forming a bullish engulfing pattern with key Fibonacci support at 38.68/38.17.

- Volume surged during the decline but waned during the rally, while RSI hit oversold levels and Bollinger Bands signaled heightened volatility.

- MACD shifted from bearish divergence to potential buy signals after 09:00 ET, with price re-entering upper Bollinger Bands during the late rally.

- 20/50-period moving averages remained bearish on 5-minute charts, but 50/200 MA convergence on daily charts suggests possible consolidation ahead.

Summary
• Price action showed a sharp decline followed by a late rally, forming a bullish engulfing pattern near 38.30.
• Volume surged during the decline but waned during the rally, suggesting possible exhaustion on the bearish side.
• RSI entered oversold territory, hinting at potential short-term reversal, while Bollinger Bands widened, signaling increased volatility.
• Fibonacci levels at 38.68 (38.2%) and 38.17 (61.8%) appear to act as key short-term support/resistance.
• MACD showed bearish divergence earlier in the day but reversed into a possible buy signal after 09:00 ET.

Dash/Tether (DASHUSDT) opened at 41.31 on 2026-01-07 at 12:00 ET and closed at 38.11 on 2026-01-08 at 12:00 ET, with a 24-hour high of 41.60 and low of 37.59. Total traded volume was 108,242.34 DASH, with a notional turnover of $4,125,965.92.

Structure & Formations


The 5-minute chart revealed several bearish breakdowns early in the session, with a sharp decline from 41.60 to a low of 37.59. A notable bullish engulfing pattern formed around 38.30, suggesting a potential reversal. A doji near 39.05 also signaled indecision.

Moving Averages and Momentum



The 20- and 50-period moving averages on the 5-minute chart were bearish, with the price consistently below both. On the daily chart, the 50- and 200-period moving averages showed a slight convergence. The RSI reached oversold territory in the early morning, suggesting a potential rebound.

Bollinger Bands and Volatility


Bollinger Bands expanded significantly during the price drop, indicating high volatility. Price re-entered the upper band during the late-session rally. This expansion-contraction pattern suggests a period of consolidation may be ahead.

Volume and Turnover


Volume spiked during the early drop but declined as the price moved higher, indicating weaker conviction in the bearish move. Turnover mirrored volume, peaking at 40.42 before stabilizing in the late morning. Price and turnover aligned during the bullish phase, which may indicate genuine buying pressure.

Fibonacci Retracements


Key Fibonacci levels from the recent 5-minute swing showed 38.68 (38.2%) and 38.17 (61.8%) as immediate support levels. These levels appear to be holding during the late-session rally, which may indicate a short-term floor.

Forward-Looking Observations

DASHUSDT may test key Fibonacci levels and MA convergences in the next 24 hours. A break above 38.35 could indicate a short-term recovery, but bearish momentum remains intact. Investors should watch for a potential retest of 37.90 as a risk caveat.