Summary
• Price declined through key support levels, reaching 0.02056 before stabilizing.
• A large volume expansion occurred in the final 2 hours, signaling growing interest.
• RSI remained below 30 for most of the session, suggesting oversold conditions.
• A bullish engulfing pattern emerged near 0.02066, hinting at short-term reversal potential.
• Bollinger Bands showed a moderate contraction during midday, indicating low volatility.
Sun/Tether (SUNUSDT) opened at 0.02066 on 2026-01-12 at 12:00 ET, peaked at 0.02086, and closed at 0.02080 on 2026-01-13 at 12:00 ET, with a low of 0.02056. Total volume over the 24-hour period was 26,312,488. Turnover amounted to 544,708.60 USDT.
Structure & Formations
Price action revealed multiple key support levels, with a critical area forming around 0.02056 after a sharp midday decline. A bullish engulfing pattern emerged near 0.02066 during the afternoon, suggesting potential short-term reversal. The daily chart showed no clear head-and-shoulders or double-bottom patterns, but a descending triangle on the 5-minute chart broke lower before a late rally.
Moving Averages
On the 5-minute chart, price oscillated between the 20 and 50 EMA for much of the session, with the 50 EMA acting as a dynamic resistance. The 200 EMA on the daily chart sat below the 50 EMA, indicating a bearish bias in longer-term trends, but the recent closing above the 50 EMA implies short-term strength.
Momentum & Volatility
The RSI spent the majority of the session below 30, indicating oversold conditions, but recovered slightly near the close. MACD remained in negative territory with a narrowing histogram, pointing to diminishing bearish momentum. Bollinger Bands showed a tightening midday contraction but expanded again in the final two hours as volatility increased.
Volume & Turnover
Volume spiked in the final two hours of the session, especially between 10:00 and 12:00 ET, with a large notional turnover of over 43,450 USDT in the 9:15–9:30 ET period. Price and turnover aligned during this rally, suggesting genuine bullish conviction. However, early morning volume was muted, indicating low liquidity or lack of interest.
Fibonacci Retracements
Applying Fibonacci to the recent 5-minute swing from 0.02086 to 0.02056, price found support at the 61.8% level (0.02066), where the bullish engulfing pattern emerged. On the daily chart, the 38.2% retracement at 0.02077 appears to act as a psychological pivot, and a retest of this level could confirm or invalidate the current rebound.
Looking ahead, the market appears to be testing key support levels with a potential reversal forming near 0.02066. A break above 0.02085 could signal renewed bullish momentum, but bearish traders may look for a rejection at this level to short. Investors should remain cautious as volatility could expand further, particularly if volume rises again in the next 24 hours.
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