Market Overview for Sign/Tether (SIGNUSDT): 24-Hour Breakdown

Summary
• Price declined from 0.04007 to 0.03876 amid rising volume and bearish engulfing patterns.
• RSI and MACD indicate bearish momentum with potential oversold conditions emerging.
• Volatility expanded after a Bollinger contraction, with price near the 61.8% Fib level.

Sign/Tether (SIGNUSDT) opened at 0.03974 on 2026-01-17 at 12:00 ET, reached a high of 0.04007, a low of 0.03874, and closed at 0.03876 at 12:00 ET the next day. Total volume was 3,014,069 units, with a notional turnover of 119,841.75 USD.

Structure & Formations

Price action displayed bearish engulfing and dark cloud cover patterns in the 5-minute chart, particularly after 19:45 and 22:15 ET. Key support appeared near 0.03974–0.03982, but it failed to hold. The 0.03913 level acted as a major short-term support, and price found temporary relief at the 61.8% Fibonacci retracement (0.03874–0.03913).

Moving Averages

The 5-minute chart saw price fall below both the 20-period and 50-period moving averages, reinforcing short-term bearish bias. Daily MA levels were not available in this dataset but likely would show a similar bearish alignment.

Momentum and Volatility

The RSI dropped into oversold territory (<30) near the close, signaling potential short-term bounce. MACD crossed into negative territory and remained bearish throughout. Volatility increased after a consolidation phase, with price reaching the lower Bollinger band by 04:00 ET.

Volume and Turnover

Volume increased significantly after 23:00 ET, with the largest candle (0.03946–0.03913) recording over 984k units traded. Turnover spiked concurrently, confirming bearish conviction. Divergences were not observed, as price and volume moved in alignment.

Price may find a floor near 0.03874–0.03860 in the short term but risks further decline if key support fails. Investors should remain cautious of increased volatility and watch for a potential rebound from oversold levels.