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Summary
• Price action shows consolidation between 1.147 and 1.214, with resistance forming at 1.198–1.201.
• RSI and MACD suggest weakening momentum, with RSI near 45 indicating neutral conditions.
• Bollinger Bands reflect moderate volatility with price clustering near the midline.
• Volume peaks at 88,665.8 and 54,728.2 in the final 4.5 hours, showing renewed buyer interest.
Raydium/Tether (RAYUSDT) opened at 1.182 on 2026-01-08 at 12:00 ET, touched a high of 1.214, and a low of 1.147, closing at 1.192 as of 12:00 ET on 2026-01-09. Total 24-hour volume was 1,319,422.1, and notional turnover was 1,541,280.5.
Structure and Key Levels
The pair consolidated in a 1.147–1.214 range for the past 24 hours, with 1.198–1.201 forming short-term resistance and 1.147 acting as a key support level. A bullish engulfing pattern emerged after the 1.148 low, followed by a strong rally to 1.214. The price action suggests buyers may be testing resistance before a potential breakout or pullback.
Momentum and Volatility
MACD lines remained below zero, with a slight positive divergence suggesting easing selling pressure. RSI hovered near 45, indicating neutral momentum but no strong overbought or oversold conditions. Bollinger Bands expanded during the 1.148–1.214 rally, reflecting increased volatility. Price is currently near the 20-period EMA, suggesting a possible continuation of sideways trading.

Volume and Turnover Analysis
Volume spiked near 88,665.8 and 54,728.2 during the late morning and early afternoon ET, coinciding with price advances to 1.214. Notional turnover increased in line with volume, showing aligned price and volume action. A divergence appears near 1.148, where price declined but volume did not, suggesting a potential false break or accumulation phase.
Fibonacci and Trend Relevance
Recent 5-minute swings show the 61.8% Fibonacci level at 1.191, which price approached twice but failed to break decisively. On the daily chart, the 50-period moving average at 1.19 supports a potential short-term base. A move above 1.201 could trigger a test of the 1.214 high and possibly extend to 1.23, while a drop below 1.191 could see a retest of 1.147.
Market activity appears to be testing upper resistance ahead of a potential directional shift. If buyers fail to hold 1.191, a retest of 1.147 may follow, increasing downside risk. Investors should remain cautious ahead of any breakouts and watch for confirmation from both price and volume.
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