Market Overview for dogwifhat/Tether (WIFUSDT): 2026-01-16

Summary
• Price action was confined between $0.374 and $0.390, with resistance clustering near $0.385–$0.390.
• RSI suggests moderate momentum but no clear overbought or oversold signals during the session.
• Volatility expanded late in the session, with increased volume and turnover signaling shifting sentiment.

Market Overview

At 12:00 ET–1, dogwifhat/Tether (WIFUSDT) opened at $0.384 and moved between $0.374 and $0.390 during the 24-hour period, closing at $0.384 as of 12:00 ET. Total trading volume reached 14,359,106.16 and notional turnover totaled $5,521,842.19.

Structure & Formations

Price remained within a tight range for much of the session, with key support forming near $0.380 and resistance between $0.385 and $0.390. A bearish engulfing pattern formed near $0.390 on 5-minute candles, suggesting sellers stepped in after a brief rally. A bullish reversal pattern developed around $0.374, signaling cautious optimism.

Moving Averages

On the 5-minute chart, price oscillated around the 20-period and 50-period moving averages with no clear directional bias. On the daily chart, the 50-period MA appears to be acting as dynamic support, though the 200-period MA remains a stronger reference for long-term structure.

MACD & RSI

The MACD remained near the zero line, with no strong bullish or bearish momentum signaled. RSI hovered between 30 and 70 for most of the session, with brief excursions into overbought territory at $0.390 and a minor oversold pullback near $0.374.

Bollinger Bands

Volatility remained compressed for much of the session before expanding late in the 24-hour window. Price traded near the upper and lower bands during key swings, suggesting market participants were testing key levels.

Volume & Turnover

Volume increased notably between 15:30 and 16:45 ET, coinciding with a sharp decline to $0.374 and a recovery to $0.377–$0.378. Notional turnover also spiked during this time, indicating increased liquidity and trading interest.

Fibonacci Retracements

A 5-minute swing from $0.384 to $0.390 and back saw price test the 38.2% retracement at $0.386–$0.387 and the 61.8% retracement at $0.381–$0.382. These levels appear to be key for short-term support and resistance.

Looking ahead, price may test the 20-period MA on the daily chart if it clears $0.385, with potential for a pullback to $0.374–$0.376 if bearish momentum persists. Investors should remain cautious as volatility and volume remain elevated, with a risk of sharp directional moves in either direction.