Summary
• Price declined from 0.089 to 0.0877, with strong resistance near 0.0885–0.089.
• Volatility spiked during the Asian session, with a sharp rebound from 0.0872.
• A bearish engulfing pattern formed near 0.0885, suggesting potential further downside.
• RSI and MACD showed bearish divergence, indicating weakening momentum.
• Bollinger Bands narrowed pre-Asian session, followed by a sharp expansion and price above the upper band.
At 12:00 ET on 2026-01-13, Toko Token/Tether (TKOUSDT) opened at 0.089, reached a high of 0.0919, touched a low of 0.0872, and closed at 0.0888. Total 24-hour volume was 642,913.9, and turnover amounted to 55,892.07.
Structure & Formations
Price tested multiple levels of support and resistance throughout the 24-hour period. A bearish engulfing pattern formed near 0.0885, indicating a potential shift in sentiment. Key support appeared at 0.0872–0.0876, where the price bounced twice. Resistance at 0.0885–0.089 was tested multiple times but held, suggesting a potential consolidation or reversal point.
Volatility and Bollinger Bands
Bollinger Bands showed a period of low volatility just before the Asian session began, followed by a sharp expansion as price surged past the upper band.
The bands then narrowed again in the evening, suggesting a potential pause in momentum before further directional movement.
Momentum and Indicators
The RSI moved from overbought into neutral territory, with a bearish divergence forming as the price made higher highs but RSI failed to do so. MACD showed a bearish crossover in the morning and remained in negative territory, reinforcing a potential continuation of the downward trend.
Volume and Turnover
Volume surged during the Asian and European sessions, particularly during the rebound from 0.0872 to 0.0901. However, volume during the pullback from 0.0901 to 0.0895 was relatively muted, suggesting weaker conviction behind the sell-off. Notional turnover confirmed the volume spike, indicating strong participation during key price moves.
Fibonacci Retracements
Applying Fibonacci levels to the recent 0.0872 to 0.0919 swing, price found support at the 61.8% (0.0890) and 78.6% (0.0883) levels. These retracements coincide with key resistance levels, suggesting a potential range-bound scenario in the near term.
Looking ahead, a break below 0.0872 could signal a deeper correction, but a bounce above 0.0895 may rekindle bullish momentum. Investors should monitor volume and RSI for confirmation of direction.
Comments
No comments yet