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Summary
• Price action broke key support near 2.250, forming a bearish breakdown.
• Volume surged during the 02:00–03:00 ET window, confirming the bearish shift.
• RSI signaled oversold conditions near 2.180, but price failed to recover.
• Volatility expanded in the early morning hours, with wide-ranging candle bodies.
• A potential short-term support zone appears at 2.200–2.220.
At 12:00 ET on 2026-01-15, Render/Tether (RENDERUSDT) opened at 2.408, hit a high of 2.422, and a low of 2.180, closing at 2.260. Total volume reached 2.16 million, with $5.07 million in turnover over 24 hours.
Structure & Formations
Price action formed a bearish breakdown from a key support level near 2.250, confirmed by a 5-minute candle that gapped below without a reversal. A doji appeared at 2.180–2.190, indicating indecision but no sustained reversal attempt. The 2.200–2.220 zone may now act as near-term support, though a break below 2.180 could extend the move toward 2.150.
Momentum and Volatility
MACD turned negative during the breakdown, with a bearish crossover confirming the sell-off. RSI hit oversold territory near 2.180, but failed to trigger a bounce, suggesting bearish exhaustion is limited. Bollinger Bands showed a sharp expansion during the early morning hours, with price briefly breaching the lower band, indicating increased volatility.

Volume and Turnover
Trading volume spiked during 02:00–03:00 ET, as the price accelerated lower toward 2.190. Turnover mirrored this trend, confirming the bearish momentum. A divergence between price and volume appeared in the final hours of the 24-hour period, as price recovered slightly while volume remained muted.
Fibonacci and Key Levels
A 5-minute Fibonacci retracement from the 2.422 high to the 2.180 low shows critical levels at 2.316 (38.2%) and 2.250 (61.8%). The 2.250 level was previously a key support but now appears as a resistance upon retests.
Looking ahead, the market may consolidate in the 2.200–2.250 range ahead of potential follow-through selling if key support is violated. Traders should remain cautious of further downside risks, particularly if volume increases with new bearish moves.
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