Summary
• Price rose from $0.00919 to $0.00999 on 24-hour 5-minute data, forming bullish reversal and bullish engulfing patterns.
• Volatility expanded sharply in the 01:00–08:00 ET window, with volume increasing over 10x from midday.
• RSI climbed into overbought territory by 08:00 ET, suggesting potential short-term pullback.
• Bollinger Bands tightened in early trading before a sharp price break above the upper band.
Market Overview
Pixels/Tether (PIXELUSDT) opened at $0.00919 on 2026-01-13 at 12:00 ET, surged to a high of $0.01061, and closed at $0.00999 by 12:00 ET on 2026-01-14. Total 24-hour volume reached 45,354,415.56, with turnover of $448,603.66.
Structure and Key Levels
The price found strong support at $0.00919–$0.0093, where it formed a bullish reversal pattern. Resistance emerged at $0.0095–$0.0098, followed by a more decisive break above $0.01005 and a high of $0.01061. A 5-minute bullish engulfing pattern formed at the 22:15–22:30 ET time frame, confirming the bullish shift.
Trend and Moving Averages
Short-term 20/50 EMA on the 5-minute chart shows a clear bullish crossover, with the 50 EMA rising above the 20 EMA after 02:00 ET. The daily 50/100/200 EMA suggests a longer-term bullish tilt, as the 50 EMA is well above the 100 and 200 EMA.
Momentum Indicators
MACD turned positive by 02:00 ET and showed a strong bullish divergence in the 05:00–08:00 ET window. RSI climbed above 70 into overbought territory, suggesting a potential near-term correction unless the momentum continues.
Volatility and Bollinger Bands
Bollinger Bands contracted in the 17:00–20:00 ET window, followed by a sharp expansion coinciding with the breakout above $0.01. Price traded near the upper band during the 06:00–08:00 ET window, showing strong volatility.
Volume and Turnover Analysis
Volume spiked over 10x starting at 06:00 ET, particularly with the 25,873,286.6 volume candle at that hour, which coincided with the highest high of $0.01061. Notional turnover increased in sync with the price breakouts, showing strong confirmation of the bullish move.
Fibonacci Retracements
On the 5-minute chart, the bounce from $0.00919 to $0.00984 aligned with the 61.8% Fibonacci level, suggesting a strong support zone. On the daily chart, the current level sits near the 38.2% retracement of the recent downtrend, indicating possible consolidation or a continuation of the upward move.
Forward-looking, the sharp rise and overbought RSI suggest a potential pullback into the $0.0098–$0.01 range. Investors should remain cautious about overextending bullish exposure in the short term, as a correction may test key support levels before a sustained move higher can be confirmed.
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