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Summary
• DIA/Tether tested key support near $0.2818, forming bearish momentum with bearish engulfing patterns.
• Volume spiked at 17:00 ET as price dropped to $0.2787, suggesting potential capitulation or panic selling.
• RSI remained in oversold territory, but divergence suggests limited near-term downside.
• Bollinger Bands expanded post-16:00 ET, signaling rising volatility and a potential consolidation phase.
At 12:00 ET − 1, DIA/Tether (DIAUSDT) opened at $0.2861 and traded between $0.2864 and $0.2787, closing at $0.2804 by 12:00 ET. Total volume was 280,111.8, with turnover of $78,141.65.
Structure & Formations
Price action revealed a key bearish engulfing pattern at 01:30 ET as price fell from $0.2841 to $0.2826, signaling a shift in momentum. A bullish hammer at 03:45 ET indicated a short-term bounce attempt, but a follow-through failed.

Technical Indicators
The 20-period 5-minute MA crossed below the 50-period line, confirming bearish momentum. RSI dipped into oversold territory below 30 for over three hours but showed no sustained buying pressure. MACD remained negative with bearish divergence, indicating a potential pause in the downward move. Bollinger Bands widened significantly after 16:00 ET, indicating rising volatility, and price closed near the lower band, suggesting a possible retest of $0.2787.
Volume and Turnover
The largest volume spike occurred at 17:00 ET, with 72,035.2 units traded amid a sharp drop to $0.2787. However, turnover failed to confirm this move, with only $5,548.15 in notional value. A divergence between volume and price action suggests the move may be exhausted. Lower turnover during the 04:00–08:00 ET period indicates a lack of conviction in the prior bounce.
Fibonacci Retracements
On the 5-minute chart, the drop from $0.2864 to $0.2787 aligned with a 61.8% retracement level at $0.2819, which was briefly broken to the downside. On the daily chart, the current price sits near the 38.2% retracement of the broader move from 2025-12-24 to 2025-12-28, suggesting potential for a countertrend rally.
DIA/Tether appears to be testing key support with signs of waning bearish momentum. A potential bounce from the 0.2800–0.2810 range may offer near-term buyers an entry. However, further downside into $0.2775 could occur if the $0.2805 level fails. Investors should monitor volume for confirmation of any reversal and be cautious of increased volatility in the coming 24 hours.
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