Market Overview for DIA/Tether (DIAUSDT) — 2026-01-08

Summary
• DIAUSDT surged above 0.3250 before retreating, forming a bearish dark cloud cover near 0.3295.
• RSI signaled overbought conditions during the late-night rally, followed by a sharp reversal into oversold territory.
• Bollinger Bands widened midday as DIA/Tether traded below its 20-period moving average.
• Turnover surged past $90M during the morning selloff, suggesting increased bearish pressure.
• A 61.8% Fibonacci retracement level at 0.3135 may offer near-term support.

Opening Summary

DIA/Tether (DIAUSDT) opened at 0.3151 on 2026-01-07 at 12:00 ET, touched a high of 0.3306, and a low of 0.2967, closing at 0.3109 as of 12:00 ET on 2026-01-08. Total 24-hour volume was 1,232,400 units with notional turnover of $366.18 million.

Structure and Key Levels

The pair formed a bearish dark cloud cover on the 5-minute chart as it opened above 0.3250 and closed below 0.3200. A significant resistance level appears at 0.3295, where a strong bearish reversal occurred. A 61.8% Fibonacci retracement level at 0.3135 could now serve as near-term support.

Trend and Momentum

The 20-period moving average currently sits above the price, suggesting a potential shift toward bearish momentum. The RSI moved from overbought levels during the late-night rally to oversold territory in the morning, indicating a possible exhaustion of bullish pressure and a buildup of bearish sentiment.

Volatility and Volume

Bollinger Bands expanded during the morning selloff, with the price falling toward the lower band, suggesting increased bearish volatility. Volume spiked during the sharp decline, reaching over 240,000 units in one 15-minute interval, confirming the strength of the downward move.

Forward Outlook and Risk

DIAUSDT may test the 0.3135 support level in the next 24 hours, with a break below this level potentially leading to further downside. Investors should remain cautious of potential short-term rebounds from the 0.3050 psychological level. A failure to hold above 0.3135 could trigger increased bearish momentum.