Summary
• Price formed bullish engulfing patterns around 0.0818 and 0.0826.
• Volume surged during key upswings but remained mixed during pullbacks.
• RSI reached overbought levels near 0.0838, signaling potential consolidation.
• Price found initial resistance at 0.0826 and support at 0.0813–0.0815.
• Volatility expanded as price moved from 0.0791 to 0.0840, testing outer Bollinger Bands.
Toko Token/Tether (TKOUSDT) opened at 0.0810 on 2025-12-31 17:00 ET and closed at 0.0838 by 12:00 ET on 2026-01-01, with a high of 0.0840 and low of 0.0791. Total 24-hour volume was 947,289.8 and turnover amounted to 78,740.96.
Structure & Formations
Price action developed a bullish bias on the 5-minute chart, with several engulfing patterns forming at key levels such as 0.0818 and 0.0826. A long bullish candle at 0.0834 (15:45 ET) marked a significant reversal after a brief dip. Key support was observed at 0.0813–0.0815, while 0.0826 emerged as a short-term resistance level.
Moving Averages and Momentum
Fifteen-minute candles indicated that price briefly crossed above the 20-period and 50-period moving averages, suggesting short-term bullish momentum. The MACD line crossed into positive territory mid-day, reinforcing the upside bias.
RSI climbed into overbought territory around 0.0838, hinting at a possible pullback or consolidation phase.
Volatility and Bollinger Bands
Volatility expanded as the pair moved from 0.0791 to 0.0840 within 24 hours, reaching the upper Bollinger Band near 0.0840. The bands widened during the afternoon hours, indicating increased market participation and uncertainty.
Volume and Turnover
Volume spiked during bullish phases, particularly between 00:00–02:00 ET and again around 15:00–17:00 ET. Turnover followed suit, showing strong participation during key upswings. Divergence between volume and price was minimal, supporting the strength of the upward trend.
Fibonacci Retracements
Fibonacci levels from the 0.0791 low to 0.0840 high indicated key areas of potential resistance at 0.0832 (61.8%) and 0.0827 (50%). Price has tested the 61.8% level twice and may consolidate here before attempting a breakout.
Price may continue to test resistance at 0.0838–0.0840 in the next 24 hours and could face pullbacks if momentum weakens. Investors should monitor volume during these moves, as a lack of follow-through could signal a reversal.
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