Market Overview for Tether/Colombian Peso (USDTCOP) on 2026-01-16

Summary
• USDTCOP advanced in a bullish consolidation pattern, breaking above 3690.
• Volume surged in late hours, confirming the strength of the recent breakout.
• RSI and MACD showed positive momentum with no signs of overbought conditions.
• Price remained within expanding Bollinger Bands, indicating increased volatility.
• 3690–3695 appears as a critical support cluster, while 3700–3705 offers near-term resistance.

24-Hour Price and Volume Action

USDTCOP opened at 3687 on 2026-01-15 12:00 ET, reaching a high of 3709 before closing at 3688 on 2026-01-16 12:00 ET. The 24-hour trading range was between 3684 and 3709. Total volume reached 180,680 with a notional turnover of 667,493,170 COP.

Structure and Key Levels

The 5-minute OHLC data revealed a strong consolidation pattern as USDTCOP advanced above the key 3690 support level. Price found initial resistance at 3700–3705, with a test of 3709 marking the high for the day. A potential engulfing pattern formed between 3697–3709 in the early hours, signaling bullish momentum.

Trend and Momentum

The 20-period and 50-period moving averages on the 5-minute chart were both bullish, supporting the upward move. RSI hovered in the 50–65 range, suggesting moderate strength and no overbought conditions. MACD crossed above the signal line, reinforcing the bullish case.

Volatility and Bollinger Bands

Bollinger Bands showed expansion through the day, consistent with the increasing volatility. Price remained near the upper band at times, particularly during the late evening hours, which aligns with strong momentum.

Volume and Turnover

Volume and turnover surged between 04:00–06:00 and again between 13:00–14:30, aligning with the key price moves. These spikes confirmed rather than contradicted the price action, suggesting coordinated buying pressure.

Projection and Risk

USDTCOP appears to be consolidating in a bullish structure, with 3700–3705 as near-term resistance. A sustained move above 3705 could signal a continuation pattern. Traders may watch for a pullback test of the 3690–3695 support cluster. However, volatility remains high, and a reversal from 3709 could trigger a retest of key support levels in the next 24 hours.