Summary
• Price tested key resistance near 0.01225–0.01230, then retraced lower amid declining momentum.
• Volatility expanded in early hours before contracting into a range-bound pattern near 0.01200–0.01205.
• Turnover spiked during late-night buying, but volume failed to confirm sustained bullish strength.
• RSI signaled oversold conditions by midday, while MACD hinted at a possible bearish crossover.
• Key Fibonacci levels at 0.01215 and 0.01204 may dictate near-term support responses.
FIO Protocol/Tether (FIOUSDT) opened at 0.01214 on 2026-01-02 12:00 ET, reached a high of 0.01239, and closed at 0.01204 by 12:00 ET on 2026-01-03. The pair traded between 0.01175 and 0.01239 over the 24-hour period. Total volume was 9.3 million USD, with notional turnover reaching 111,797 USD.
Structure & Formations
Price action on the 5-minute chart displayed a bearish reversal from 0.01225–0.01230 in the early morning hours, followed by a consolidation into a descending triangle pattern between 0.01200 and 0.01205 in the late afternoon. A key bearish engulfing pattern formed at 0.01225, signaling potential downward continuation. Support appears to be forming at 0.01203 and 0.01200, both of which were tested twice during the session.
Moving Averages
Short-term moving averages (20 and 50-period 5-minute) remained bearish throughout the session, pulling below key price levels. The 50-period daily line hovered near 0.01220, which acted as a minor resistance before price moved below it. The 200-period daily line remains in the 0.01215–0.01220 range, suggesting the trend remains neutral to bearish in the medium term.
MACD & RSI
MACD showed bearish momentum building after 0.01225, with the histogram diverging downward from price in early hours. RSI hit oversold territory near 0.01200 by midday, suggesting potential for a near-term rebound, though divergence between RSI and price action suggests caution.
Bollinger Bands
Volatility expanded significantly between 0.01220 and 0.01230 during the early morning hours, followed by a contraction into a tight range below 0.01205. Price closed near the lower band on the 5-minute chart, reinforcing bearish bias. The daily Bollinger Bands suggest a wider bearish channel, with the upper band near 0.01230 and the lower near 0.01200.
Volume & Turnover
Turnover spiked sharply after 22:00 ET when price broke 0.01225, but volume failed to confirm sustained bullish strength. By 06:00 ET, large-volume bearish moves confirmed selling pressure. Divergence between volume and price was evident in the late afternoon, where price continued lower despite lower volume.
Fibonacci Retracements
Key Fibonacci levels from the 0.01225–0.01239 high and 0.01200–0.01205 low suggest potential support at 0.01215 (61.8%) and 0.01204 (38.2%). Price may test these levels in the next 24 hours. On the daily chart, a breakdown below 0.01200 could trigger a move toward 0.01195–0.01185.
FIO Protocol/Tether may find a near-term floor around 0.01204–0.01200, with the potential for a test of 0.01195 if bearish momentum persists. Traders should remain cautious about increased volatility and divergences in momentum indicators that could signal a reversal or continuation.
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