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Summary
• Price remained tightly range-bound near 1.0008, with no clear breakout above 1.0013 or below 1.0005.
• Volume spiked significantly during 19:00–20:30 ET, but price failed to hold above 1.0011.
• RSI and MACD showed minimal momentum, indicating consolidation in a low-volatility environment.
• Bollinger Bands contracted during the late hours, suggesting potential for a near-term breakout.
The Pax Dollar/Tether (USDPUSDT) pair opened at 1.0008 on 2026-01-10 at 12:00 ET, reaching a high of 1.0013 and a low of 1.0005 before closing at 1.0008 on 2026-01-11 at 12:00 ET. Total volume amounted to 65,359.0 units, with a notional turnover of 65,390.80 USD.
Structure & Formations
Price action remained tightly clustered around 1.0008, with multiple candles forming indistinct dojis and small bodies, indicating indecision. The key support level appears to be 1.0005, where price found a floor after a brief dip. Resistance remains at 1.0013, with failed attempts to hold above 1.0011.
Moving Averages
The 20- and 50-period moving averages on the 5-minute chart remain nearly flat around 1.0008, reflecting the low volatility. On the daily chart, the 50/100/200 SMA lines are aligned closely around the 1.0008 level, suggesting a neutral bias.
Momentum Indicators

MACD showed negligible divergence, with the line hovering near zero, while the histogram remained flat, indicating no clear momentum. RSI moved between 48 and 53, signaling a consolidation phase. No overbought or oversold signals were observed.
Volatility and Bollinger Bands
Bollinger Bands showed a slight contraction after 00:00 ET, suggesting a potential for a breakout. Price remained within the 1.0005–1.0013 range, and no significant volatility expansion was observed.
Volume and Turnover
Volume spiked during 19:00–20:30 ET, with over 23,000 units traded, yet price failed to hold above 1.0011. This suggests a lack of conviction behind bullish attempts. Turnover correlated with volume, showing no divergence in pricing or activity.
Fibonacci Retracements
Fibonacci levels on the most recent 5-minute swing placed 38.2% at 1.0009 and 61.8% at 1.0011. Price failed to close above the 61.8% level, indicating a bearish bias for the near term. Daily Fibonacci levels remain irrelevant given the stability around 1.0008.
Given the tight consolidation and lack of directional bias, the pair may remain range-bound for the next 24 hours unless a larger macroeconomic event or volume spike emerges. Investors should monitor for a potential breakout above 1.0013 or a breakdown below 1.0005.
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