Summary
• Price formed key support at 0.04002 and tested resistance around 0.04166.
• Momentum weakened with RSI nearing oversold levels, suggesting potential for a short-term bounce.
• Volatility expanded as price dropped to 0.03955, with Bollinger Bands showing widening range.
• Volume spiked during the breakdown below 0.04049, confirming bearish pressure.
• 50-period MA on the 5-minute chart acted as a dynamic resistance, preventing a rebound.
Market Overview
At 12:00 ET on 2026-01-15, Sign/Tether (SIGNUSDT) opened at 0.04193, hit a high of 0.04197, and a low of 0.03955 before closing at 0.03983. Total volume for the 24-hour period was 10,155,150 units, with a notional turnover of $40,324.12.
Structure & Formations
The 24-hour chart shows a bearish continuation with a breakdown below key support at 0.04049.
The 5-minute chart reveals multiple bearish engulfing patterns and a doji near 0.04002, which appears to have acted as a temporary floor. The price remains below all major moving averages, reinforcing bearish sentiment.
Moving Averages
On the 5-minute chart, the 20-period and 50-period moving averages have remained above the price for most of the session, acting as overhead resistance. On the daily chart, the 50/100/200-period MAs are in a descending order, confirming the downtrend.
Momentum Indicators
MACD has remained below the signal line for most of the 24-hour window, with bearish divergence visible. RSI has dipped into oversold territory, reaching as low as 29. This may indicate short-term exhaustion, though confirmation is needed for a reversal.
Bollinger Bands
Volatility increased as the Bollinger Bands widened, reflecting heightened uncertainty. The price has largely traded near the lower band, with a brief retest of the upper band during a short-lived rebound. This pattern suggests continued bearish pressure.
Volume & Turnover
Volume spiked during the breakdown below 0.04049, with over 160,000 units traded in that 15-minute window. Turnover also increased during this period, confirming the bearish move. However, volume has remained muted during recent attempts to rebound, which could indicate waning buying interest.
Fibonacci Retracements
Fibonacci retracements drawn from the recent 0.04197 high to the 0.03955 low indicate key levels at 38.2% (0.04065) and 61.8% (0.04005). Price briefly tested the 61.8% level, which coincides with the doji formation and could serve as near-term support.
Over the next 24 hours, a bounce from the 61.8% Fibonacci level could test the 38.2% level, but a sustained move below 0.03955 may invite further losses toward 0.03900. Investors should remain cautious due to the strong bearish bias and potential for extended volatility.
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