Market Overview for QIUSDT (BENQI/Tether) – 2026-01-06

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Tuesday, Jan 6, 2026 2:55 am ET1min read
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Aime RobotAime Summary

- BENQI/Tether (QIUSDT) rose from 0.00347 to 0.00361, breaching key resistance at 0.00355-0.00357 amid increased volume.

- Volume spiked 01:45-05:15 ET during breakout, with RSI showing controlled bullish momentum below overbought levels.

- Bollinger Bands widened as volatility rose, while price held above 20-period MA and aligned with Fibonacci 61.8% retracement.

- Potential support forms at 0.00353-0.00355, with risk of short-term pullback despite strong MACD divergence and bullish pattern confirmation.

Summary
• Price rallied from 0.00347 to 0.00361 amid increased volume and bullish momentum.
• Key resistance near 0.00355–0.00357 was tested and breached late in the cycle.
• Volume expanded notably during the 01:45–05:15 ET window, coinciding with the breakout.
• RSI showed moderate strength without overbought conditions, suggesting controlled upside.
• Bollinger Bands widened as volatility increased, with price holding above the 20-period MA.

BENQI/Tether (QIUSDT) opened at 0.00347 on 2026-01-05 at 12:00 ET, reached a high of 0.00361, a low of 0.00347, and closed at 0.00358 on 2026-01-06 at 12:00 ET. Total volume was 8,755,208, and notional turnover amounted to 29,748.55 USD.

Structure & Formations


Price formed a bullish continuation pattern as it pushed above a key resistance cluster near 0.00355–0.00357. A series of higher highs and higher lows from 04:00–06:00 ET confirmed the shift in sentiment. A potential support zone now appears to be forming between 0.00353 and 0.00355.

Moving Averages and Momentum


On the 5-minute chart, the 20-period MA provided a dynamic support during the early recovery phase, while the 50-period MA was crossed above during the 05:45–06:00 ET window. MACD showed a positive divergence in the last two hours of the period, indicating strengthening bullish momentum. RSI remained within normal ranges, staying below 60 and avoiding overbought territory.

Volatility and Bollinger Bands


Volatility increased steadily from 04:00 ET onward, as evidenced by the widening Bollinger Bands. Price remained within the upper 2σ band for much of the session, with the breakout confirming a move away from consolidation. This suggests heightened speculative interest and reduced short-term predictability.

Volume and Turnover


Volume spiked significantly between 01:45 and 05:15 ET, coinciding with the key breakout above 0.00355. Notional turnover also rose in tandem, indicating strong conviction behind the move. Price and turnover aligned well during this phase, validating the bullish narrative.

Fibonacci Retracements


The 5-minute retracement levels suggested a 61.8% retracement target at 0.00356–0.00357, which aligned closely with the actual price action. On the daily chart, a 38.2% retracement from the prior swing low remains relevant as near-term support.

The price appears to be in a short-term bullish phase, with a clean breakout and strong volume confirmation. However, a pullback to test the 0.00353–0.00355 support zone could occur in the next 24 hours. Investors should be cautious of overextension, as RSI remains strong but has not yet reached overbought levels.