Market Overview for Test/Tether (TSTUSDT) – 24-Hour Technical Summary

Summary
• Price dipped to 0.01663, forming bearish patterns amid rising volume.
• Momentum softened, with RSI below 30 indicating potential oversold conditions.
• Bollinger Bands contracted in late hours, hinting at possible breakout.
• Volume spiked during the early recovery, but turnover failed to confirm strength.
• 50-period MA (5-min) crossed below 20-period, suggesting short-term bearish bias.

At 12:00 ET on January 13, 2026, Test/Tether (TSTUSDT) opened at 0.01713, hit a high of 0.01714, and a low of 0.01663 before closing at 0.01676. The 24-hour volume totaled 12.85 million, with notional turnover of $217,495.

Structure and Price Action

The price formed a bearish engulfing pattern at the session high, confirming a reversal after an initial bullish attempt. A deep pullback to 0.01663 marked a key support level, which held as buying interest reemerged in the early morning hours. A bullish harami at the 0.01667-0.01669 level hinted at short-term indecision, though bearish momentum continued to dominate the final hours.

Trend and Moving Averages

The 50-period MA on the 5-minute chart crossed below the 20-period MA, reinforcing a short-term bearish tilt. On the daily chart, the 50-period MA is trading above the 200-period MA, suggesting a longer-term bullish bias that remains intact but is temporarily challenged by near-term bearish pressure.

Momentum and Volatility

The RSI dipped below 30 during the session low at 0.01663, signaling oversold conditions. However, the lack of a rebound above 50 suggests exhaustion in the short-term bullish response. Bollinger Bands showed a contraction in the final 4 hours, implying potential for a breakout in either direction. MACD showed a bearish crossover with negative divergence in the latter half of the session.

Volume and Turnover

Volume spiked during the initial pullback to 0.01663 but did not see a corresponding rise in turnover, hinting at potential divergence. The largest single candle was at 20:45 ET, where volume surged to 2.34 million while price dropped 1.5%. This could indicate dumping or wash trading, though further confirmation is needed.

Key Levels and Retracements

The 0.01663 level acted as a strong support, while 0.01701 served as a failed resistance. Fibonacci retracement levels showed the 61.8% level at 0.01677 aligning with early morning consolidation. Price has shown a potential target of 0.01653 (38.2%) if the bearish move continues.

Looking ahead, a break above 0.01701 could test the 0.01711-0.01714 range for a potential retracement, while a failure to hold above 0.01663 could trigger further selling. Investors should watch for divergence in volume and RSI to gauge the strength of any reversal.