Market Overview for Sign/Tether (SIGNUSDT)

Summary
• Price drifted lower on heavy volume, forming bearish patterns near key resistance.
• RSI and MACD signal declining momentum with no signs of reversal.
• Volatility expanded during the session, pushing price near lower Bollinger Band levels.
• Downtrend reinforced by Fibonacci 61.8% support break with no immediate recovery.

Sign/Tether (SIGNUSDT) opened at $0.03872 on 2026-01-01 12:00 ET, peaked at $0.03896, and closed at $0.03842 on 2026-01-02 12:00 ET, with a low of $0.03823. Total volume for the 24-hour window was 7,175,621. Total turnover was $274,455.

Structure & Formations

Price carved out a bearish descending triangle pattern during the session, with a decisive break below 0.03861—the 61.8% Fibonacci level of a recent bullish swing. A long bearish candle with a small upper shadow and a wide real body appeared at 03:45 ET, suggesting strong selling pressure. Key support levels now sit at 0.03840 and 0.03825, while 0.03865 may act as resistance in the near term.

Moving Averages

On the 5-minute chart, the 20 and 50-period moving averages are converging downward, with price trading beneath both. Daily averages (50, 100, and 200) are not available due to lack of prior daily OHLC data, but the 5-minute trend strongly indicates bearish momentum.

MACD & RSI

The 5-minute MACD turned negative and remains below the signal line, reinforcing bearish momentum. RSI dropped into the 35–40 range, signaling weak bullish intent and possible oversold conditions. However, divergence is absent—price and RSI are aligning, indicating a continuation of the downward trend is probable.

Bollinger Bands

Volatility expanded after 19:30 ET, with price pushing near the lower Bollinger Band. A brief contraction occurred mid-morning, but this was quickly followed by a sharp move downward. Price remains near the lower band, which could trigger a bounce or further weakness depending on volume dynamics.

Volume & Turnover

Volume spiked during the session with the largest single 5-minute bar at 19:30 ET (1.4M volume), coinciding with the price drop to 0.03836. Notional turnover increased by 30% during this period, confirming the strength of the bearish move. Divergence between volume and price was not observed, suggesting price action is well-supported by buying/selling activity.

Fibonacci Retracements

A key 61.8% Fibonacci level at 0.03861 was broken during the session, reinforcing bearish sentiment. Short-term Fibonacci levels now suggest support at 0.03840 and 0.03825, with a potential test of 0.03805 if the bearish bias continues.

Price may remain under pressure in the next 24 hours as the bearish structure is intact and momentum indicators are aligned with the downtrend. Investors should be cautious of short-term bounces or false breakouts near the 0.03840 level.