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Summary
• Price action shows consolidation between $1.1665 and $1.1680 with no clear breakout.
• Volume peaks at 115,679 during early morning hours but fails to confirm directional momentum.
• RSI remains below 50, suggesting moderate bearish pressure with no overbought conditions.
• Bollinger Bands contract in the pre-dawn hours before widening as volatility returns.
Eurite/Tether (EURIUSDT) opened at $1.1686 on 2026-01-12 at 12:00 ET, reaching a high of $1.1687 and a low of $1.1666 before closing at $1.1676 on 2026-01-13 at 12:00 ET. The 24-hour volume totaled 466,580 and notional turnover amounted to $544,641.79.
Structure & Candlestick Formations
The pair spent much of the session in a tight trading range between $1.1665 and $1.1680, failing to break decisively in either direction. A morning bearish engulfing pattern at $1.1675–$1.1668 hinted at short-term bearish momentum, but a late morning rally countered this with a bullish harami near $1.1676–$1.1678.

MACD and RSI Momentum Indicators
The MACD remained below its signal line throughout the session, reflecting bearish momentum. RSI lingered in the 40–50 range, pointing to moderate bearish bias without reaching oversold territory. No clear overbought conditions emerged, indicating a lack of strong bullish conviction.
Bollinger Bands and Volatility
Bollinger Bands narrowed significantly overnight between 00:00 and 04:00, indicating low volatility and potential for a breakout. Price action broke out of this range during the 05:00–05:30 window but failed to sustain the move above $1.1680. Price spent the majority of the session near the middle band, suggesting a continuation of sideways trading.
Volume and Turnover
Volume peaked during the 05:00–05:30 window at over 11,500 units, coinciding with a rally in price. However, the subsequent decline failed to see a corresponding increase in volume, indicating weak follow-through. Turnover also mirrored volume patterns, with the largest spike aligning with the early morning rally. Divergences between price and volume were noted in the afternoon as price fell but volume remained subdued.
Fibonacci Retracements
Applying Fibonacci retracement levels to the morning’s bearish leg, the 38.2% level at $1.1673 and 61.8% at $1.1669 both held as key support levels, with price rebounding from these areas twice. A 50% retracement at $1.1667 was briefly tested overnight but held, suggesting strong internal support in the $1.1665–$1.1670 range.
The market may attempt to test key support at $1.1665 over the next 24 hours, while a breakout above $1.1680 could signal a shift in sentiment. Investors should remain cautious of potential volatility spikes and watch for divergence between price and volume as a sign of weakening momentum.
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