Market Overview: Pax Dollar/Tether (USDPUSDT) on 2026-01-03

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Saturday, Jan 3, 2026 1:35 am ET1min read
USDT
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Aime RobotAime Summary

- USDP/USDT traded near 1.0007-1.0008 on 2026-01-02, closing at 1.0009 with 18,707.34 notional turnover.

- A 1:00 AM ET bullish engulfing pattern and 61.8% Fibonacci level at 1.001 signaled potential short-term momentum.

- Surging 1:00 AM ET volume confirmed the 1.001 peak, while RSI (52-55) and Bollinger Bands suggested range-bound conditions.

- Traders should monitor 1.001 resistance and 1.0008 support for directional bias amid stablecoin's typical low volatility.

Summary
• Price remained range-bound near 1.0007–1.0008, with a final close at 1.0009.
• Volatility dipped during inactive hours but spiked briefly after 1:00 AM ET.
• Turnover surged during the 1:00 AM–1:30 AM ET window, confirming a small bullish thrust.

At 12:00 ET on 2026-01-02, the 24-hour session for Pax Dollar/Tether (USDPUSDT) opened at 1.0006, reached a high of 1.001, a low of 1.0006, and closed at 1.0009. Total volume traded was 18,698.0, with a notional turnover of approximately 18,707.34.

Structure & Formations


Price remained tightly clustered around the 1.0007–1.0008 range for most of the session, with a few attempts to break above. A bullish engulfing pattern formed at 01:00 AM ET as price rose from 1.0007 to 1.001, signaling potential short-term momentum. A doji appeared at 01:45 AM ET near 1.0009, suggesting indecision.

Moving Averages


The 20-period and 50-period moving averages on the 5-minute chart remained closely aligned near 1.0007–1.0008, indicating range-bound conditions. Longer-term averages (e.g., 50-period daily) would also remain near 1.0007, confirming the pair’s tight peg.

MACD & RSI


The MACD showed a narrowing histogram early in the session but a small positive bar at 01:00 AM ET, supporting the bullish engulfing pattern. RSI reached 52–55 during the rally, avoiding overbought territory. This suggests a tentative accumulation phase.

Bollinger Bands


Price action remained within the bands for most of the session, with a slight move toward the upper band at 01:00 AM. Volatility expanded during this period, reflecting the brief breakout.

Volume & Turnover


Volume increased significantly at 01:00 AM ET, confirming the 1.001 close. Turnover mirrored the volume spike, indicating that the move was backed by real trading activity rather than thin liquidity. The majority of the session, however, saw minimal volume and turnover, typical of a stable stablecoin pairing.

Visual

Fibonacci Retracements


Applying Fibonacci to the 01:00–02:00 AM swing, 1.0008 marked the 38.2% level, and 1.001 aligned with 61.8%, suggesting a possible short-term ceiling. The price may retest the 1.0009–1.001 range if volatility picks up.

Looking ahead, traders should watch for a potential push above 1.001 or a rejection at 1.0008, which could signal directional bias. As with any stablecoin pairing, sudden macro events could disrupt the peg.