Summary
• Price formed a bullish engulfing pattern near 0.0916, breaking out of a 5-min consolidation.
• RSI entered oversold territory, suggesting potential short-term reversal.
• Volume spiked during the 14:00–17:00 ET sell-off, confirming bearish momentum.
• Price retested the 0.0933–0.0938 range multiple times, indicating strong resistance.
• Bollinger Bands showed a recent expansion, reflecting increased volatility.
Toko Token/Tether (TKOUSDT) opened at 0.0937 on 2026-01-06 12:00 ET, hit a high of 0.0952, a low of 0.0910, and closed at 0.0910 by 2026-01-07 12:00 ET. Total 24-hour volume was 1,206,355.2 and turnover was 112,055.56.
Structure & Key Levels
Price spent much of the session consolidating between 0.0928 and 0.0945 before breaking decisively to the downside in the late afternoon. A bullish engulfing pattern emerged near 0.0916 as price bounced off a key support level. Resistance remains strong in the 0.0933–0.0938 range, which was tested multiple times over the last 24 hours.
Trend and Momentum
The 50-period moving average on the 5-minute chart crossed below the 20-period line late in the session, signaling bearish momentum. RSI fell into oversold territory below 30, suggesting a possible reversal. MACD also showed bearish divergence as the histogram flattened despite lower lows in price.
Volatility and Bollinger Bands
Bollinger Bands showed a modest contraction during the morning before expanding sharply after 14:00 ET, indicating a surge in volatility. The recent low of 0.0910 touched the lower band, reinforcing the idea that the 0.0910–0.0915 zone is a key support cluster.
Volume and Turnover
Volume surged during the breakdown between 14:00–17:00 ET, with turnover confirming the bearish move. A divergence between rising volume and falling price was not observed, suggesting conviction behind the recent sell-off.
Fibonacci and Potential Scenarios
A key Fibonacci level at 0.0916 (61.8% of the prior 5-min rally) appears to have held, with a potential bounce back toward 0.0932 expected if buying pressure resumes. However, a break below 0.0910 could extend the decline to 0.0905–0.0909.
Looking ahead, price may attempt a short-term rebound but could face immediate resistance at 0.0933. Traders should remain cautious for further downside if support at 0.0910 breaks, with potential for increased volatility in the next 24 hours.
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