Market Overview for dYdX/Tether (DYDXUSDT)

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Sunday, Jan 11, 2026 5:18 pm ET1min read
DYDX
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Aime RobotAime Summary

- DYDXUSDT surged to 0.2122 then fell to 0.2031 amid mixed momentum, with high volume confirming 0.2043–0.2047 as key consolidation.

- RSI hit overbought levels (~68) at peak, while Bollinger Bands showed moderate volatility with price testing the lower band overnight.

- Bearish divergence emerged as 50-period MA crossed below 20-period, with MACD confirming momentum shift after 23:00 ET.

- Price may test 0.2031 support or rally toward 0.2047–0.2051, but risks bearish continuation if momentum fails to confirm.

Summary
• Price surged past 0.2112 but retreated toward 0.2031 amid mixed momentum.
• High volume confirmed the 0.2043–0.2047 area as a key consolidation range.
• RSI suggested overbought conditions at the high, with potential for correction.
• Bollinger Bands signaled moderate volatility, with price testing the lower band in the final hours.

Market Overview
The dYdX/Tether (DYDXUSDT) pair opened at 0.2058 on January 10 at 12:00 ET, surged to a high of 0.2122, fell to a low of 0.2020, and closed at 0.2031 by 12:00 ET January 11. Total volume reached 4,928,748.63, while turnover hit approximately $1,035,759. Price action showed a volatile 24-hour range with a bearish close near the mid-level.

Structure & Formations


The 5-minute chart revealed a bullish engulfing pattern at 19:15 ET, followed by a strong bearish rejection forming by 23:00 ET as prices broke below 0.2047. A key support level formed at 0.2031–0.2035, where prices found a floor for much of the session. A 61.8% Fibonacci retracement of the 0.2020–0.2122 swing aligned near 0.2075, where buyers initially resisted downward pressure.

Moving Averages


Short-term momentum (20/50-period 5-min MA) showed bearish divergence by late ET, with the 50-period line crossing below the 20-period. Daily 50/100/200-period MAs remained neutral, with price hovering between the 50 and 100 lines, suggesting no clear bias in the medium term.

Momentum and Volatility


Relative Strength Index (RSI) hit overbought territory around 19:30 ET at ~68, then fell back toward the midline by 03:00 ET. MACD showed a bearish crossover around 23:00 ET, confirming a shift in momentum. Bollinger Bands reflected a moderate contraction during the overnight consolidation phase, with price closing near the lower band, indicating potential for a test of support.

Volume and Turnover


Volume spiked at 19:15 ET, confirming the 0.2112 high, while a secondary peak at 22:45 ET aligned with a sharp pullback to 0.2023. Notional turnover mirrored volume, with divergence emerging as volume remained high while price consolidated. The 0.2031–0.2035 range showed consistent accumulation, suggesting a possible short-term base.

Price could test 0.2031 as support or rally toward 0.2047–0.2051 in the next 24 hours, but traders should remain cautious about potential bearish continuation if momentum fails to confirm. Volatility may rise if the 0.2031 level breaks.