Market Overview for dForce/Tether (DFUSDT)

Summary
• Price action showed a bearish breakdown on the 5-minute chart following a key support level at 0.01196.
• Momentum indicators suggested weakening upward pressure, with RSI entering oversold territory in late hours.
• Volatility expanded during the last 6 hours, highlighted by a sharp selloff from 0.01208 to 0.01173.
• A large volume candle at 09:00 ET-1 confirmed the breakdown, with over 1.3 million units traded.

The dForce/Tether (DFUSDT) pair opened at 0.01199 on 2026-01-08 12:00 ET, reaching a high of 0.01208 and a low of 0.01165 before closing at 0.01194 on 2026-01-09 12:00 ET. Total volume was 11,175,360.0 units, with a notional turnover of $133,709.43 over the 24-hour window.

Structure & Formations

The breakdown below 0.01196 marked a key support level and confirmed a bearish bias. A long bearish candle at 09:00 ET-1, with volume of 1,339,580 units and a range of 0.00018, confirmed the move lower. A potential support target may lie near 0.01184, with a possible test of 0.01165 if momentum persists.

Indicators and Momentum

RSI entered oversold territory near 30 in the early hours of the session, suggesting potential for a short-term rebound. MACD turned negative after 02:00 ET, signaling waning bullish momentum. Bollinger Bands expanded in the last 12 hours, indicating rising volatility.

Volume and Turnover

The highest volume was recorded at 09:00 ET-1 with 1,339,580 units traded, and a turnover of $15,738.84, confirming the breakdown. However, volume remained uneven throughout the day, with no clear accumulation sign. A divergence between price and volume in the final 4 hours suggests mixed sentiment.

Fibonacci Retracements

The recent bearish leg from 0.01208 to 0.01173 aligns with key Fibonacci levels. A 38.2% retracement at 0.01192 and 61.8% at 0.01183 could serve as short-term pivot levels. The 5-minute chart shows a 61.8% retest potential at 0.01196 if buyers return.

The market appears to be in a consolidation phase after the breakdown, with bearish pressure dominating. Traders may watch for a potential bounce near 0.01185 or a further test of 0.01165. Volatility remains elevated, so caution is advised ahead of any short-term reversal or continuation.