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Summary
• Price surged to 0.003077 before reversing sharply lower, forming a bearish engulfing pattern on the 5-min chart.
• Volume and turnover spiked 7x at 12:00 ET, confirming a key reversal.
• RSI entered overbought territory before reversing, while Bollinger Bands showed a sharp expansion.
• 0.00292–0.00294 appears as a key support cluster, with 0.00288–0.00289 as next downside targets.
• 20-period MA crossed below 50-period MA on the 5-min chart, signaling bearish momentum shift.
Reserve Rights/Tether (RSRUSDT) opened at 0.002851 on 2026-01-05 12:00 ET, surged to 0.003077, and closed at 0.002953 on 2026-01-06 12:00 ET. The 24-hour volume was 269,483,374.1 and turnover was 820,150.62.
Price Structure and Key Levels
The price action showed a strong bullish thrust from 0.00288 to 0.003077 on high-volume buying pressure, forming a 12-hour bullish trend. However, a sharp bearish reversal followed, with a bearish engulfing pattern forming at the peak. Key support levels emerged around 0.00292–0.00294 and 0.00288–0.00289. A break below 0.00286 could trigger further declines. Resistance remains at 0.00297–0.00300.

Momentum and Indicators
RSI reached overbought levels at 86 during the rally but reversed sharply lower, suggesting a loss of momentum. MACD showed a bullish crossover followed by a bearish divergence as price declined. Bollinger Bands experienced a significant expansion during the breakout, indicating heightened volatility. The 20-period MA crossed below the 50-period MA on the 5-min chart, indicating a short-term bearish shift.
Volume and Turnover
Trading volume and turnover surged nearly 7x at 12:00 ET, confirming a large-scale reversal. The massive volume during the sell-off suggests strong participation from institutional or large retail players. Notional turnover during the bearish move was particularly significant, aligning with the sharp price action.
Outlook and Caution
Price appears to be consolidating around 0.00295, with short-term support at 0.00292–0.00294 and resistance at 0.00297–0.00300. A break below 0.00290 could trigger a test of 0.00286–0.00287. Investors should remain cautious of potential further volatility, especially in light of the strong reversal pattern and elevated indicators.
Over the next 24 hours, a retest of 0.00297–0.00300 could trigger a short-term bounce, but sustained bearish momentum may see a retest of 0.00285–0.00286. A stop-loss below 0.00290 may trigger more aggressive selling.
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