Summary
• Price drifted lower overnight on rising volume, breaking below 0.01190 to hit a 24-hour low of 0.01160.
• Key support appears to hold near 0.01150-0.01160, with a bearish engulfing pattern forming at 0.01162.
• Momentum weakened through RSI and MACD divergence, suggesting a potential pause or rebound.
• Volatility remains compressed near 20-period Bollinger Bands, with no clear breakout signal.
• Turnover surged during the 06:00–09:00 ET window as price declined sharply.
24-Hour Snapshot
At 12:00 ET−1 on 2026-01-18, dForce/Tether (DFUSDT) opened at 0.01186, reaching a high of 0.01195 and a low of 0.01160 before closing at 0.01164. Total volume over the 24-hour period was 9,379,121.0, with a notional turnover of 106,182.52 USDT.
Structure & Key Levels
The price action shows a gradual breakdown from 0.01190–0.01195 resistance, with a bearish engulfing pattern forming near 0.01162 on the 5-minute chart.
A strong support level appears to have formed around 0.01150–0.01160, with the 0.01155 level acting as a temporary floor. A 61.8% Fibonacci retracement at ~0.01158 may serve as a key level to watch for a potential bounce.
Momentum and Volatility
The RSI dipped into oversold territory in the early morning, while MACD remained negative with a narrowing histogram, indicating waning bearish momentum. Volatility appears compressed as the price remains near the 20-period Bollinger Band midline, suggesting a potential for a breakout or consolidation.
Volume and Turnover
Volume and turnover were elevated during the key breakdown phase from 0.01190 to 0.01160, with notable activity between 06:00–09:00 ET. Notably, a divergence appears between price and turnover, with turnover peaking before price reached its lowest point, suggesting a possible short-term pause.
Forward-Looking Observations
Price appears to be consolidating near key support, with the potential for a short-term rebound or a deeper test of 0.01150–0.01160. Investors should watch for a decisive move above 0.01165 or a breakdown below 0.01150, as this could confirm the next directional move. As always, market conditions could shift rapidly, especially with thin liquidity periods expected overnight.
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