Summary
• Price surged from 0.002593 to 0.002747, forming bullish engulfing patterns near 0.002695.
• Volume spiked at 92.03M at 16:45 ET, confirming a bullish breakout above 0.0027.
• RSI hit 58, indicating moderate momentum, while MACD turned positive, suggesting bullish bias.
• Key support appears at 0.00263, with resistance building around 0.00274.
Reserve Rights/Tether (RSRUSDT) opened at 0.002691 on 2026-01-11 at 12:00 ET, reached a high of 0.002754, a low of 0.002593, and closed at 0.002740 on 2026-01-12 at 12:00 ET. The pair recorded 363.8M trading volume with $99,080 in turnover over 24 hours.
Structure & Key Levels
The price formed a bullish engulfing pattern at 0.002695 during the early morning, followed by a strong bullish breakout confirmed by high-volume activity. The 0.00263 area acted as a key support, with price rebounding off it multiple times. Resistance appears to be forming near 0.00274–0.00275, where the final 5-minute candles closed.
Moving Averages and Momentum
The 5-minute 20 and 50-period moving averages crossed to the bullish side during the breakout, reinforcing the upside bias. The MACD turned positive after 16:45 ET, while the RSI hovered near 58, indicating moderate bullish momentum without signs of overbought territory.
Volatility and Bollinger Bands
Volatility expanded during the late afternoon as price broke above the upper Bollinger Band, reaching as high as 0.002754. This suggests increased conviction among buyers. Earlier in the session, volatility was compressed, pointing to potential consolidation before the break.
Volume and Turnover
A sharp volume spike of 92.03M at 16:45 ET coincided with the move above 0.00274, confirming the breakout. Notional turnover also increased in the final hours of the session. However, volume distribution was uneven, with significant accumulation near 0.00263 and a smaller amount at the top.
Fibonacci Retracements
The key Fibonacci levels were drawn from the swing low at 0.002593 to the high at 0.002754. Price closed near the 61.8% retracement level at 0.002675, indicating a possible pause or consolidation before further movement.
The price may test 0.00275–0.00276 as the next resistance level in the coming 24 hours. However, a drop below 0.00263 could signal a reversal, leading to a possible retest of 0.00260. Investors should remain cautious of thin volume support at 0.00263 and monitor for a potential pullback.
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