Summary
• Price tested key resistance at $0.0113 but pulled back, forming bearish divergence on volume.
• RSI shows overbought levels in the morning but fell into neutral territory by close.
• Volatility expanded during the 8:45–9:00 AM ET session, with a sharp 5-minute spike in turnover.
• Bollinger Bands widened after 8:45 AM ET, suggesting increased uncertainty in short-term direction.
• A bullish engulfing pattern appeared at $0.0104–$0.0106 during 16:15–16:30 PM ET, offering temporary support.
24-Hour Market Summary
TrueFi/Tether (TRUUSDT) opened at $0.0105 on 2026-01-06 12:00 ET, reached a high of $0.0116, touched a low of $0.0103, and closed at $0.0105 as of 2026-01-07 12:00 ET. Total 24-hour volume was 58,867,424.0, with a notional turnover of $643,629.85.
Price Structure and Key Levels
The pair formed a key resistance cluster at $0.0113–$0.0116, most notably during the large 5-minute candle at 8:45 AM ET, which showed a high of $0.0116 and a volume spike of 18,167,222. This was followed by a sharp reversal and consolidation between $0.0111 and $0.0112 for much of the remainder of the session. Support emerged in the $0.0104–$0.0106 range, with several bullish and bearish engulfing patterns confirming this as a key area.
Momentum and Volatility
RSI reached an overbought level of 68 in the early morning before retreating into neutral territory by the close. MACD showed a bearish crossover during the 9:00–9:15 AM ET session, reinforcing the idea of a potential short-term top. Bollinger Bands widened significantly during the 8:45–9:00 AM ET window, signaling heightened volatility and uncertainty in direction.
Volume and Turnover
Volume surged during the key 8:45 AM ET candle, confirming the attempt to break out above $0.0113 but failed to follow through. Notional turnover also peaked during this session. Later in the day, between 16:00–17:00 PM ET, a more balanced volume profile supported a retest of $0.0104–$0.0106, though without a strong directional bias.
Forward-Looking Observations
TRUUSDT appears poised for a potential test of the $0.0113–$0.0116 resistance zone again, especially if volume picks up above average levels. Conversely, a breakdown below $0.0104 may trigger further consolidation or a pullback toward $0.0103–$0.0102. Investors should remain cautious, as overbought conditions may not always lead to immediate price action, and divergence in volume could hint at waning momentum.
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