AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
Summary
• Price action shows a bullish reversal pattern near 137.33 as support.
• Volatility expanded during the 05:15–06:45 ET window, with a 139.52 high.
• RSI remains neutral at 52, suggesting balanced momentum without overbought/oversold signals.
• On-balance volume trends confirm price strength above 138.00.
• 50-period MA holds above price, suggesting potential short-term bearish pressure.
Gnosis/Tether (GNOUSDT) opened at 137.73 on January 8, 2026 at 12:00 ET, hitting a 24-hour high of 139.52 and a low of 136.27 before closing at 139.52 at 12:00 ET. Total traded volume was 602.82 GNO, with $82,864.66 in notional turnover.
Structure & Formations
The 5-minute chart shows a key support level forming at 137.33–137.62, with a confirmed bullish reversal candle at 137.30 on the 09:15–09:30 ET timeframe. Price briefly tested this area multiple times, failing to break below, and then retraced higher with confirmation from volume. A bearish engulfing pattern appears on the 22:30–22:45 ET candle, but it was swiftly reversed, suggesting short-term indecision.
Moving Averages and Momentum

Volatility and Bollinger Bands
Volatility spiked during the 05:15–06:45 ET period, reaching a high of 139.52. The price is currently near the upper band of the Bollinger Bands, suggesting potential for a pullback. A contraction in volatility was observed from 02:00–03:00 ET, followed by a sharp expansion, indicating a possible breakout attempt.
Volume and Turnover
Volume spiked notably at 07:00–07:15 ET with 84.97 GNO traded, coinciding with a sharp drop from 138.48 to 138.27. This could signal increased bearish interest. However, price bounced off the 137.34 level with strong volume, indicating short-term support. Turnover also surged at 09:15–09:30 ET, reflecting renewed buying interest after a sell-off.
Fibonacci Retracements
Applying Fibonacci to the recent swing low at 136.28 and the high at 139.52, the 38.2% retracement level sits at 138.16, which was tested and held. The 61.8% level at 137.73 has been a key psychological support point, holding price above it for much of the day.
Price may continue to consolidate within the 137.34–139.52 range over the next 24 hours, with potential for a breakout if key resistance at 138.81 holds. Traders should remain cautious around volatility spikes and divergence in volume, which could indicate a reversal.
Decoding market patterns and unlocking profitable trading strategies in the crypto space

Jan.09 2026

Jan.09 2026

Jan.09 2026

Jan.09 2026

Jan.09 2026
Daily stocks & crypto headlines, free to your inbox
Comments
No comments yet