Market Overview for Test/Tether (TSTUSDT)

Generated by AI AgentAinvest Crypto Technical RadarReviewed byShunan Liu
Thursday, Jan 8, 2026 9:17 am ET1min read
TST
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Aime RobotAime Summary

- TSTUSDT broke below key resistance at 0.01705, forming a bearish engulfing pattern with long lower shadows near 0.0168-0.0169.

- RSI dipped to oversold levels (25) while price consolidated in Bollinger Band's lower half, signaling potential short-term rebound.

- Volume spiked during the 0.01695 breakdown but declined 6 hours later, with 38.2% Fibonacci retracement at 0.0166 as key near-term target.

- Daily 200-period MA remains above current levels, reinforcing bearish bias despite failed 61.8% retracement at 0.0163.

Summary
• Price action shows a bearish breakdown from key resistance around 0.01705.
• Momentum diverged with RSI dipping toward oversold levels near 25.
• High volatility observed during early trading, followed by consolidation in the Bollinger Band lower half.
• Volume spiked during the price drop but has since declined, indicating potential exhaustion.

At 12:00 ET on 2026-01-08, Test/Tether (TSTUSDT) opened at 0.01698, hitting a high of 0.01719 and a low of 0.01559 before closing at 0.01597. Total volume reached 22.9 million, with turnover of 377,969.1.

Structure & Formations


The price declined from 0.01705, a prior resistance, breaking below key support at 0.01695. A bearish engulfing pattern emerged during the early morning, followed by a series of long lower shadows, suggesting buyers attempted to defend levels around 0.0168–0.0169. A notable bear trap may have occurred near 0.01696 after a failed rebound.

Moving Averages


On the 5-minute chart, price remains below both the 20 and 50-period moving averages, signaling bearish momentum. The 200-period daily MA is likely above current levels, reinforcing the bearish bias.

MACD & RSI


The MACD has remained negative with bearish divergence, and RSI approached 25 by the close, indicating oversold conditions. While a rebound is possible, the RSI has not yet shown a clear bullish reversal.

Bollinger Bands


Volatility expanded in the early hours, particularly between 06:45 and 07:00 ET, before settling into the lower half of the Bollinger Bands. This position could hint at a potential short-term rebound toward the midline.

Volume & Turnover


Volume surged during the key breakdown at 0.01695, but turnover has declined significantly in the last 6 hours, suggesting fading selling pressure. No clear divergence was observed between price and turnover, but caution is warranted if volume fails to increase on any rebound.

Fibonacci Retracements


The decline from 0.01719 to 0.01559 aligns with a strong 61.8% Fibonacci retracement at 0.0163, which failed to hold. A 38.2% retracement near 0.0166 could serve as a potential short-term target for a countermove.

In the coming 24 hours, a test of the 0.0163–0.0166 range appears likely, though a break below 0.01559 could accelerate the decline further. Investors should remain cautious of renewed selling pressure or lack of follow-through on any rebound.