AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
Summary
β’ OGBTC tested a key support at 5.15e-05 and bounced with a bullish reversal pattern.
β’ Momentum shifted from bearish to neutral with RSI stabilizing near 50.
β’ Volatility surged during a midday sell-off, pushing price below the 20-period moving average.
β’ Volume spiked during the 3:15β4:30 AM ET rebound, confirming the short-covering action.
β’ The 61.8% Fibonacci retracement at 5.34e-05 acts as a near-term resistance ahead of 5.5e-05.
OG Fan Token/Bitcoin (OGBTC) opened at 6.35e-05 on 2026-01-04 at 12:00 ET, reached a high of 6.58e-05, a low of 5.07e-05, and closed at 5.18e-05 on 2026-01-05 at 12:00 ET. The 24-hour volume was 12,426.2, and notional turnover totaled 0.623 BTC.
Structure & Formations
The price of OGBTC broke through a key support level near 5.15e-05 after a sharp midday selloff, but a bullish reversal pattern formed around 5:15 AM ET on 2026-01-05, indicating a potential short-term bounce. The 61.8% Fibonacci retracement at 5.34e-05 appears to be a key near-term resistance level. A bearish engulfing pattern was visible during the selloff from 5.69e-05 to 5.07e-05, confirming bearish momentum.

Moving Averages and MACD
The 20-period and 50-period moving averages on the 5-minute chart remained bearish for much of the session, but the MACD crossed above the zero line following the 5:15 AM ET rebound, suggesting a potential short-term shift in momentum. The daily 50/100/200 SMA alignment remained bearish as of the last close.
RSI and Volatility
The RSI oscillated between oversold and neutral territory throughout the day, stabilizing near 50 after the morning rebound. Volatility expanded significantly during the midday sell-off, pushing price outside the upper Bollinger Band before contracting into a tight range during the overnight hours. The price is currently near the middle Bollinger Band, suggesting a period of consolidation.
Volume and Turnover
Volume spiked during the midday selloff and again during the 5:15 AM ET rebound, with the largest 5-minute volume spike occurring at 3:15 AM ET (1,793.4 units). Turnover spiked in line with volume, showing no material divergence. Notional turnover reached its highest point during the 3:15 AM ET candle, confirming the strength of the downward move at that time.
Forward Outlook and Risk Note
OGBTC may consolidate near 5.18e-05 ahead of a potential test of the 5.34e-05 resistance. A break above 5.34e-05 could see a retest of 5.5e-05, while a drop below 5.15e-05 could extend the bearish bias. Traders should remain cautious of potential volatility spikes or further volume divergence in the next 24 hours.
Decoding market patterns and unlocking profitable trading strategies in the crypto space

Jan.07 2026

Jan.07 2026

Jan.07 2026

Jan.06 2026

Jan.06 2026
Daily stocks & crypto headlines, free to your inbox
Comments
ο»Ώ
No comments yet