Summary
•
broke key support at 0.04120, with bearish momentum confirmed by MACD divergence and low RSI.
• Volatility expanded as price dropped below the Bollinger Band floor during the 24-hour period.
• A strong bearish engulfing pattern formed near 0.04160, indicating continued selling pressure.
• Fibonacci retracement levels suggest possible support at 0.03955 and 0.03940 in the short term.
• Volume surged during the decline, aligning with price action and reinforcing bearish sentiment.
Sign/Tether (SIGNUSDT) opened at 0.04193 on 2026-01-14 at 12:00 ET, reaching a high of 0.04197 and a low of 0.03905 before closing at 0.04003 at 12:00 ET on 2026-01-15. Total 24-hour volume amounted to 5,076,541.0 and turnover reached $204,676.10.
Structure and Patterns
Price action on the 5-minute chart revealed a strong bearish engulfing pattern near 0.04160, confirming a shift in momentum from buyers to sellers. Key resistance levels appear to be at 0.04126 and 0.04157, with support levels forming at 0.04003 and 0.03955.
A sharp decline below 0.04003 suggested continuation of bearish sentiment.
Trend and Momentum
On the 5-minute chart, the 20-period and 50-period moving averages both pointed downward, reinforcing the bearish bias. The MACD showed a clear bearish crossover and divergence from price highs, while RSI entered oversold territory near 0.03955, suggesting possible short-term stabilization.
Volatility and Bollinger Bands
Volatility expanded as the 5-minute Bollinger Bands widened in the latter half of the day, with price falling below the lower band. This indicates a high-pressure bearish move. The daily Bollinger Band contraction earlier in the period hinted at a consolidation phase before the break lower.
Volume and Turnover
Volume surged during the price breakdown, with heavy selling pressure seen between 0.04140 and 0.04020. Notional turnover aligned with volume, confirming the bearish move. Price and turnover remained in sync, reducing the risk of false breakdowns.
Fibonacci Retracements
On the 5-minute chart, the 61.8% Fibonacci level at 0.04003 acted as a temporary floor before further declines. Daily Fibonacci levels from the prior week’s swing high suggest potential support near 0.03955 and 0.03940 in the next 24 hours.
Price appears to be in a bearish trend and may test the next support levels. While oversold RSI levels suggest a pause is possible, the momentum indicators and volume trends favor continuation of the decline. Investors should remain cautious, as a break below 0.03955 could accelerate further bearish pressure.
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