Market Overview for Gnosis/Tether (GNOUSDT) on 2026-01-10

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Saturday, Jan 10, 2026 5:19 pm ET1min read
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Aime RobotAime Summary

- GNOUSDT fell to $138.33 from $139.52, forming a bearish engulfing pattern near $139.50.

- Volume and turnover surged as price tested support at 50-period MA and 61.8% Fibonacci level.

- RSI hit oversold levels (near 30) while MACD confirmed bearish momentum with a bearish crossover.

- Expanding Bollinger Bands and a potential break below $137.50 could signal deeper pullbacks.

Summary
• Price declined from $139.52 to $138.33 amid bearish momentum.
• Volume and turnover rose significantly in the lower price range.
• A bearish engulfing pattern formed near $139.50, suggesting potential further downside.
• RSI entered oversold territory, hinting at possible short-term bounce.
• Price found support at the 50-period MA on 5-min chart and Fibonacci 61.8% level.

Gnosis/Tether (GNOUSDT) opened at $139.26 and closed at $138.33 on 2026-01-10 at 12:00 ET, with a high of $139.55 and a low of $136.63. The 24-hour volume was 586.988, and total turnover reached $80,753.64.

Structure and Key Levels


The price experienced a bearish reversal from $139.50, marked by a large bearish engulfing pattern. This level coincided with a 20-period MA on the 5-min chart and the 61.8% Fibonacci retracement from the recent $136.63 to $139.55 move. A key support level was identified near $137.50, where the 50-period MA and 38.2% Fibonacci level aligned.

Trend and Momentum


The 50-period and 100-period moving averages on the 5-min chart both remain above the current price, suggesting short-term bearish bias. The MACD line dipped below the signal line during the session, confirming bearish momentum. RSI reached oversold levels near 30 in the final hours, suggesting a potential short-term bounce could be in play, though it remains below the 50-level, indicating caution.

Volatility and Volume


Volatility expanded as price tested key support levels, with Bollinger Bands widening during the downward move. The most notable volume spike occurred around $137.80–$138.00, where price consolidation occurred following a sharp decline. Notional turnover rose in line with volume, confirming the strength of bearish pressure rather than signaling divergence.

Outlook and Risk


Price may continue to test support near $137.50 before any potential rebound, particularly if RSI remains in oversold territory. However, a break below this level could signal a deeper pullback. Investors should remain cautious of potential follow-through selling if bears take control in the next 24 hours.