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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

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.
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