Summary
•
formed a bearish reversal pattern near $0.6036 after a 4.5% pullback.
• Volume spiked 8.3x above average during the 19:45–20:00 ET sell-off, confirming downside momentum.
• RSI entered oversold territory (<30), suggesting potential near-term buying interest.
• Price consolidated within a narrowing Bollinger Band, hinting at low volatility ahead.
• A 61.8% Fibonacci retracement level at $0.586 may act as a short-term floor.
KAITOUSDT opened at $0.5925 on 2026-01-10 12:00 ET and closed at $0.5844 on 2026-01-11 12:00 ET, with a high of $0.6051 and low of $0.5789. Total volume reached 2,263,690, while notional turnover hit $1,334,942.
Structure & Trend Reversals
A bearish engulfing pattern formed at the $0.6036 peak on 19:45 ET, confirming a rejection of higher levels. Price pulled back through key Fibonacci levels, with the 61.8% retracement at $0.586 emerging as a potential support. A bullish morning reversal is visible near the $0.584–0.586 range, suggesting short-term stability.
Momentum and Volatility
The RSI indicator reached oversold levels near 28 by 07:45 ET, hinting at potential near-term buying interest. However, the MACD histogram turned negative after 19:30 ET, signaling weakening bullish momentum.
Bollinger Bands showed a significant contraction overnight, suggesting a period of consolidation ahead.
Volume and Turnover Insights
Volume spiked dramatically during the 19:45–20:00 ET session, with over 228,922 units traded—over 8.3x the average volume. This surge coincided with a sharp decline from $0.6036 to $0.5927, confirming bearish conviction. Notional turnover remained steady but showed no divergence to price, supporting the strength of the recent trend.
Price may find near-term direction based on the breakout from the $0.584–0.586 consolidation range. A close above $0.59 could rekindle bullish sentiment, while a drop below $0.5836 may invite further profit-taking. Investors should remain cautious of liquidity risks in the next 24 hours due to low volatility.
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