Summary
•
tested key support near 0.01635 and bounced with strong volume.
• Price formed a bullish engulfing pattern at 0.01640–0.01645, indicating potential reversal.
• RSI showed moderate momentum, with no overbought or oversold extremes.
• Volatility expanded after 20:45 ET, as price broke above a recent consolidation range.
• Bollinger Bands widened, showing increased uncertainty and potential for breakouts.
At 12:00 ET on 2026-01-18, Test/Tether (TSTUSDT) opened at 0.01649, traded as low as 0.01627, and closed at 0.01653. The 24-hour volume was 14,264,841.5, with a notional turnover of 235,091.31 USD.
Structure and Formations
The price found a pivot support near 0.01635 on the 5-minute chart, rebounding with strong volume and forming a bullish engulfing pattern.
A small doji appeared near 0.01645, indicating indecision before a directional breakout. The 61.8% Fibonacci retracement from the 0.01635–0.01662 swing coincided with the 0.01649 level, where price found a temporary ceiling before reversing.
Moving Averages and Momentum
On the 5-minute chart, price closed above both the 20 and 50-period SMAs, suggesting short-term bullish momentum. RSI remained within neutral territory (45–55) throughout the day, with no signs of overbought or oversold conditions. MACD showed a narrowing histogram and a slow crossover, indicating consolidating momentum.
Volatility and Bollinger Bands
Volatility increased significantly after 20:45 ET, as the Bollinger Bands widened. Price moved from the lower band toward the middle band, suggesting a potential reversal or breakout. The widening bands also reflected increased market participation and sentiment shifts.
Volume and Turnover Divergence
Turnover spiked after 18:45 ET, coinciding with a strong rally from 0.01653 to 0.01662. Volume confirmed the move with a candle showing over 1 million contracts. However, between 22:30–23:30 ET, while price declined, volume remained moderate, indicating potential bearish pressure without full conviction.
Looking ahead, the next 24 hours could see a test of the 0.01662–0.01663 resistance zone. A break above could signal a broader bullish shift, but a rejection here may trigger another pullback toward 0.01635–0.01640. Investors should watch for volume confirmation and divergences in the MACD to assess the strength of the next move.
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