Market Overview for Test/Tether (TSTUSDT)

Summary
• Price tested 0.0173–0.0174 resistance repeatedly but failed to hold above.
• Momentum slowed as RSI approached oversold, hinting at possible short-term bounce.
• Bollinger Bands narrowed in late hours, indicating potential for a breakout.
• Turnover surged during the 0.0176–0.0178 rally but faded quickly, showing weak conviction.
• Key support now at 0.01705–0.01715 with a bearish engulfing pattern forming.

Price and Volume Snapshot

At 12:00 ET-1 on 2026-01-13, Test/Tether (TSTUSDT) opened at 0.01684, reaching a high of 0.01786 and a low of 0.01674 before closing at 0.01731 at 12:00 ET. Total 24-hour volume was 38,866,282.9, with notional turnover at 682,952.66.

Structure & Key Levels

Price tested 0.0173–0.0174 resistance multiple times, but bearish pressure emerged after a failed break above. A key support zone formed around 0.01705–0.01715 following a bearish engulfing pattern. On the 5-minute chart, a morning rally from 0.0173 to 0.01786 saw strong volume but failed to hold, suggesting exhaustion on the long side.

Momentum and Volatility

The RSI approached oversold territory in the afternoon, hinting at a potential short-term bounce. MACD flattened, indicating waning momentum. Bollinger Bands contracted significantly after 02:00 ET, signaling a possible breakout in the next 24 hours.

Volume and Turnover

Turnover spiked during the 0.0176–0.0178 rally, peaking at around 0.01775–0.01777 with over $109 million notional. However, volume failed to confirm the breakout, with bearish volume dominating after 05:00 ET.

Projection and Risk

With support now at 0.01705–0.01715 and resistance at 0.0173–0.0174, TSTUSDT may test these levels again. If bears take control, a drop toward 0.0168 could follow. However, a retest of 0.0173–0.0174 could offer a short-term bounce. Investors should watch for divergence in volume and RSI to gauge conviction.