Summary
• Price declined sharply on rising volume into the session close.
• A bearish engulfing pattern formed near 0.0666.
• RSI entered oversold territory, suggesting potential near-term reversal.
• Volatility expanded during the late-night decline.
• Fibonacci retracement levels at 0.0661 and 0.0652 marked key support.
Kaia/Tether (KAIAUSDT) opened at 0.0668 on 2026-01-08 12:00 ET, reached a high of 0.0679, a low of 0.0644, and closed at 0.0655 on 2026-01-09 12:00 ET. Total 24-hour volume was 15.6 million
, with turnover of $1.03 million.
Structure & Formations
Price action displayed a bearish engulfing pattern near the 0.0666 level during the overnight hours, signaling a shift in sentiment. The 0.0655–0.0662 range became a contested zone, with several failed attempts to retest the 0.0666 resistance level. A doji formed at 0.0656, hinting at indecision.
Moving Averages
On the 5-minute chart, the 20-period and 50-period moving averages both trended downward, reflecting bearish momentum. Daily 50- and 200-period averages showed a moderate bearish crossover, reinforcing the downward bias.
MACD & RSI
MACD remained in negative territory, with bearish divergence as price lows failed to reach new lows. RSI dipped below 30 into oversold territory, suggesting a potential short-term bounce.
Bollinger Bands
Bollinger Bands widened significantly during the late-night sell-off, indicating rising volatility. Price closed near the lower band, which could trigger a retest of 0.0661 or a bounce back toward 0.0666.
Volume & Turnover
Volume surged during the 01:00–04:00 ET window, coinciding with the sharp decline from 0.0666 to 0.0652. Notional turnover followed the same trend, confirming bearish pressure. However, no significant divergence between price and turnover was noted.
Fibonacci Retracements
Fibonacci levels on the overnight drop showed key support at 0.0661 (38.2%) and 0.0652 (61.8%). The 0.0655–0.0657 level appears to be a critical near-term floor.
Price may test 0.0661 in the next 24 hours amid consolidation, but traders should watch for a potential breakdown if RSI fails to rebound above 30. Investors are advised to avoid overexposure to long positions without a clear reversal signal.
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