Market Overview for MultiversX/Tether (EGLDUSDT): January 1, 2026

Summary
• Price action shows a bearish reversal formation near $5.73, followed by a bullish rebound from $5.42.
• RSI and MACD suggest wakening bearish momentum with potential for consolidation.
• Volatility expanded sharply during the late AM/early PM ET window, confirming a key breakout.
• Volume spiked to 15,728.85 during the final 15-minute candle, aligning with a 5.71–5.75 rally.
• Bollinger Bands constricted ahead of the break, suggesting a high-probability directional move.

24-Hour Price and Activity

MultiversX/Tether (EGLDUSDT) opened at $5.57 on 2025-12-31 at 12:00 ET, reached a high of $5.79, a low of $5.41, and closed at $5.59 as of 12:00 ET on January 1, 2026. Total 24-hour volume was 56,335.55, with notional turnover of $324,235.298.

Structure & Formations

Price action exhibited a bearish engulfing pattern near the session’s high of $5.73, followed by a bullish rejection from the 24-hour low of $5.41. A key bullish breakout confirmed during the 15:45–16:00 ET window, forming a potential base of support near $5.54–$5.58.

Moving Averages and Momentum

Short-term 20/50-period moving averages on the 5-minute chart crossed to the upside post-breakout, confirming bullish momentum. RSI bottomed in oversold territory around $5.41, then surged into overbought levels during the final hour. MACD turned positive and maintained above the signal line, suggesting a period of sustained buying pressure.

Volatility and Bollinger Bands

Bollinger Bands narrowed sharply in the early part of the session before widening as volatility surged, especially between 15:45–17:00 ET. Price closed near the upper band for the final hour, indicating strong bullish conviction after consolidation.

Volume and Turnover Insights

Volume surged to its highest level at 15,728.85 during the 15:45–16:00 ET candle as price broke out above $5.71, confirming the move with strong notional turnover. A divergence between price and volume was observed in the early morning hours but resolved favorably with the breakout.

Fibonacci Retracements

The 5-minute retracement from the $5.79 high to the $5.41 low shows price consolidating near the 61.8% level at $5.57–$5.61. Daily-level Fibonacci levels suggest a potential consolidation range between 5.46 (38.2%) and 5.67 (78.6%).

Looking ahead, continued bullish momentum could push price toward the $5.75–$5.80 range, though a pullback to test $5.54–$5.57 may occur. Investors should remain cautious of short-term profit-taking and watch for a potential retest of key support levels.