Market Overview for Toko Token/Tether

Summary
• Price action shows bearish dominance after a key 0.0883 breakdown on 5-minute chart.
• Volatility expanded following a large 0.0889–0.086 candle, signaling potential range contraction ahead.
• RSI remains below 40, indicating moderate bearish momentum, with no overbought levels in 24-hour data.

Market Overview

Toko Token/Tether (TKOUSDT) opened at 0.0888 on 2026-01-15 12:00 ET, reached a high of 0.0894, a low of 0.0858, and closed at 0.0875 on 2026-01-16 12:00 ET. Total 24-hour volume was 1,234,842.1 units, with a turnover of 104,231.93 USD.

Structure & Formations

A breakdown below the 0.0883 support level on the 5-minute chart confirmed a bearish shift. A large bearish candle between 0.0889 and 0.086 at 18:45 ET ET marked a key reversal signal. Price appears to find temporary support near 0.0875–0.0876, suggesting possible consolidation.

Moving Averages

On the 5-minute chart, the 20 and 50-period SMAs show a bearish crossover, reinforcing downward momentum. Daily MAs (50/100/200) are not available, but the 24-hour bias remains clearly bearish.

MACD & RSI

The MACD shows bearish divergence with a negative histogram trend. RSI remains below 40 for most of the session, with a low near 32 at the 16:00 ET bar, indicating moderate oversold conditions.

Bollinger Bands

Price action widened volatility between 18:45 and 19:30 ET, breaching the lower Bollinger Band at 0.0863. Price has since bounced and sits near the middle band. A tightening of bands may precede a breakout.

Volume & Turnover

Volume spiked dramatically at 18:45 ET with a 301,869.2 volume bar and a 26,312 USD turnover. This coincided with the largest price drop of the session. Price and volume moved in tandem, confirming bearish momentum.

Fibonacci Retracements

The 0.0889–0.086 swing saw a 61.8% retracement level at 0.0875–0.0876, which the price has now reached. If this level holds, a 38.2% retracement at 0.088 could be the next target.

The market appears to be testing key support levels after a sharp decline. While bearish momentum remains intact, a close above 0.0875 could signal a short-term bounce. Investors should watch for a potential rebound or further breakdown toward 0.0865. Volatility remains elevated, and sharp moves are possible within the next 24 hours.