Market Overview for dYdX/Tether (DYDXUSDT)

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Thursday, Jan 8, 2026 6:02 pm ET2min read
USDT
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Aime RobotAime Summary

- DYDXUSDT shows bearish consolidation with key support at 0.1891–0.1892 and resistance at 0.1934.

- RSI near 50 indicates market indecision, while a bullish engulfing pattern at 0.1926–0.1932 suggests potential short-term reversal.

- Volume spiked at key levels, and Bollinger Bands contraction hints at possible renewed volatility.

- Fibonacci levels near 0.1925–0.1927 and 0.1925 suggest critical support/resistance for near-term direction.

Summary
• Price action shows a bearish consolidation in the last 24 hours, with key support at 0.1891–0.1892 and resistance at 0.1934.
• Momentum remains subdued as RSI hovers near 50, suggesting indecision in the market.
• Volatility expanded briefly in the early hours before retracting, with volume spiking at key price levels.
• A large bullish engulfing pattern formed around 0.1926–0.1932, indicating potential short-term reversal.
• Turnover trends align with price, with no significant divergence observed during the 24-hour period.

The dYdX/Tether pair opened at 0.1947 on 2026-01-07 at 12:00 ET and closed at 0.1907 at 12:00 ET on 2026-01-08, reaching a high of 0.1976 and a low of 0.187. Total volume for the 24-hour period was approximately 8,866,207.77, while notional turnover reached $1,724,827.15.

Structure & Formations

Price action over the 24-hour period showed a broad bearish bias, with a key support level forming at 0.1891–0.1892 after a sharp descent from 0.1934. A bullish engulfing pattern formed between 0.1926 and 0.1932, suggesting a possible short-term reversal. A doji appeared at 0.1936, indicating indecision near the resistance zone.

Moving Averages

On the 5-minute chart, the 20-period MA crossed below the 50-period MA, confirming a short-term bearish bias. Longer-term, the 50-period MA (daily chart) appears to be holding above the 100-period MA, suggesting a more cautious stance for the broader trend.

MACD & RSI

The MACD histogram remained largely below the zero line during the 24-hour period, with a bearish crossover observed in the early morning hours. RSI lingered between 40 and 60, indicating a balanced but weak market environment with no clear overbought or oversold conditions.

Bollinger Bands

Bollinger Bands expanded during the early part of the 24-hour period, with price touching the upper band around 0.1936 and later retreating toward the lower band. The contraction in band width suggests a potential for renewed volatility in the near term.

Volume & Turnover

Volume spiked at key turning points, such as at 0.1936 and 0.1891, aligning with price action and confirming the significance of those levels. Notional turnover remained proportional to volume, with no divergences observed, suggesting the market is still in a phase of balanced pressure.

Fibonacci Retracements

On the 5-minute chart, a key 61.8% Fibonacci retracement level formed around 0.1926–0.1927, coinciding with a strong rejection and potential support. Daily Fibonacci levels suggest a critical 38.2% retracement area near 0.1925, which may serve as a pivot for near-term direction.

With price consolidating below key resistance levels and momentum indicators showing mixed signals, DYDXUSDT may test the 0.1886 level in the coming 24 hours. However, the formation of a bullish engulfing pattern near 0.1932 suggests a possible short-covering rally could materialize if buyers regain control. Investors should remain cautious and monitor the 0.1925–0.1932 range for potential breakout confirmation or breakdown confirmation.