Summary
•
formed a bullish engulfing pattern near 1.860, followed by a sharp rally above 1.895 in late trading.
• RSI rose from oversold territory to neutral, suggesting possible short-term momentum shift.
• Volume spiked significantly during the 1.895 peak, confirming strength in the rally.
• Price remained within a 1.835–1.905 range for much of the 24-hour window, indicating consolidation.
• Bollinger Bands expanded during the move higher, reflecting rising volatility in the final hours.
Toncoin/Tether (TONUSDT) opened at 1.862 on 2026-01-04 12:00 ET, reached a high of 1.905, hit a low of 1.833, and closed at 1.894 on 2026-01-05 12:00 ET. Total volume for the 24-hour period was 2,418,150.3 and notional turnover amounted to 4,318,120.9.
Structure & Formations
A bullish engulfing candle formed on the 5-minute chart at 1.860 as price broke out of a descending channel. A 1.895 peak was followed by a minor pullback, but no bearish reversal patterns emerged. Key support levels appeared at 1.860 and 1.835, while resistance shifted to 1.905–1.910 as the rally matured.
Moving Averages
Short-term moving averages (20/50-period) on the 5-minute chart showed a clear upward crossover as price surged past 1.890. Daily moving averages (50/100/200) remained neutral to slightly bullish, with no significant divergence between short- and long-term trends.
Momentum & Indicators
RSI moved from oversold territory (~30) to a neutral range (~50), suggesting a shift in momentum. MACD crossed above the signal line and remained positive during the final hours, reinforcing the bullish case. However, divergence between price and MACD near the 1.905 peak could hint at potential exhaustion.
Volatility & Bollinger Bands
. Bollinger Bands expanded significantly during the rally above 1.890, signaling increased volatility. Price tested the upper band twice near 1.895 and 1.905, with the second test showing stronger rejection. The lower band acted as support twice in the 1.833–1.850 range earlier in the day.
Volume & Turnover
Volume surged above 180,000 during the late ET session as price approached 1.895, confirming bullish strength. Notional turnover mirrored this increase, with no major divergence observed.
Fibonacci Retracements
Fibonacci levels applied to the 1.833–1.905 swing indicated potential resistance at 1.883 (38.2%) and 1.868 (61.8%). Price held above both during the closing hours, suggesting short-term strength.
The sharp rally suggests TONUSDT may continue testing resistance above 1.905 in the next 24 hours, though a pullback to 1.880–1.885 could follow if the 1.905 level fails to hold. Investors should monitor volume and RSI for signs of overextension or weakening momentum.
Comments
No comments yet