Market Overview for SafePal/Tether (SFPUSDT)

Generated by AI AgentAinvest Crypto Technical RadarReviewed byDavid Feng
Thursday, Jan 8, 2026 4:54 pm ET2min read
SFP
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Aime RobotAime Summary

- SafePal/Tether (SFPUSDT) formed a bullish engulfing pattern near $0.3485 after a sharp overnight selloff to $0.3346, confirmed by a 471,476-volume spike.

- RSI rebounded from oversold levels (26→42) while Bollinger Bands expanded, showing price tested the lower band before bouncing back toward the midline.

- Short-term buyers gained control above $0.3450 with 50-period MA support, but the 200-period MA at $0.3520 remains bearish, creating key resistance.

- Fibonacci levels highlight critical support at $0.3436 (38.2% retracement) and immediate resistance at $0.3460, with a potential consolidation phase ahead.

Summary
• Price formed a bullish engulfing pattern near $0.3485 after a sharp retracement.
• Volatility surged during the overnight session, with volume spiking over 471,000 at 00:00 ET.
• RSI bottomed near oversold levels and shows tentative signs of recovery in early afternoon trade.
• Bollinger Bands show a recent expansion as price tested the lower band and bounced.
• Short-term momentum favors buyers above $0.3450, with 50-period MA aligning for potential support.

SafePal/Tether (SFPUSDT) opened at $0.3484 on 2026-01-07 12:00 ET and closed at $0.3436 the following day. The pair reached a high of $0.3555 and a low of $0.3346, with total volume exceeding 1,053,800 and turnover of $367,299.

Structure & Formations


The 24-hour chart shows a sharp overnight sell-off that bottomed at $0.3346, followed by a rebound into positive territory. A bullish engulfing pattern formed near $0.3485 as buyers regained control following the initial drop. Price found temporary resistance at the 50-period moving average around $0.3450, where it stalled twice before bouncing. The 200-period MA remains bearish, currently positioned above the price at ~$0.3520.

Moving Averages


On the 5-minute chart, the 20-period MA crossed below the 50-period MA in the early morning session, forming a bearish crossover. However, this was reversed as the 20-period MA climbed above the 50-period MA during the afternoon. Daily moving averages show a more bearish tilt, with the 200-period MA still exerting downward pressure.

MACD & RSI


MACD showed a bearish divergence during the overnight selloff but reversed into positive territory during the morning rebound. RSI bottomed near oversold levels at 26 and has since rebounded to around 42, suggesting tentative momentum to the upside. However, RSI remains below 50, indicating that bears still have the edge in the short term.

Bollinger Bands


Volatility expanded overnight as price hit the lower Bollinger Band at $0.3346. A strong rebound followed, with price trading back to the center of the bands by late morning. This suggests a potential consolidation phase ahead. The bands have since narrowed slightly, indicating a possible pause in directional momentum.

Volume & Turnover


Volume spiked to an over 24-hour high of 471,476 at 00:00 ET, confirming the sharp selloff. Despite the volume surge, price failed to make a new low after 06:00 ET, hinting at a potential shift in sentiment. Turnover also increased during the early morning hours but has since stabilized. Price and turnover aligned on the rebound, which adds credibility to the recent bullish bias.

Fibonacci Retracements


Fibonacci levels highlight potential support at $0.3436 (38.2% retracement of the overnight drop) and $0.3420 (61.8%). Buyers may test the 38.2% level first before determining whether to push higher. On the upside, $0.3460 (38.2% of the morning rebound) appears to be the next immediate resistance.

Looking ahead, the price may test $0.3436–$0.3440 in the next 24 hours. A break above $0.3450 could signal a short-term reversal, but risks persist if the 200-period MA at $0.3520 continues to weigh on the upside. Investors should remain cautious and watch for confirmation above $0.3460 before taking long positions.