Summary
• Price remained tightly range-bound between 0.9981 and 0.9983 with no clear directional bias.
• Volume was uneven, spiking during late ET hours, but failed to confirm any breakout.
• RSI hovered in neutral territory, suggesting no immediate overbought or oversold conditions.
TrueUSD/Tether (TUSDUSDT) opened at 0.9982 on 2026-01-08 at 12:00 ET, reached a high of 0.9983, a low of 0.9981, and closed at 0.9981 at 12:00 ET on 2026-01-09. Total volume was 179,610.0 and turnover amounted to 179,286.57.
Structure & Formations
The 5-minute candles showed a tight consolidation between 0.9981 and 0.9983, with no significant candlestick patterns forming. A small bearish engulfing pattern emerged briefly in early morning ET but failed to develop further. Key support appeared at 0.9981, while resistance remained at 0.9983.
Moving Averages
On the 5-minute chart, price fluctuated around the 20-period and 50-period moving averages without a clear bias. The daily chart showed minimal movement relative to the 50/100/200-period moving averages, suggesting no immediate trend change.
MACD & RSI
The MACD oscillator remained close to the zero line, indicating mixed momentum. RSI oscillated between 48 and 52, showing no clear overbought or oversold signals. No immediate reversal or breakout signals were triggered.
Bollinger Bands
Volatility was low, with price staying near the middle band of the Bollinger Bands. No significant contractions or expansions were observed, reinforcing the lack of directional bias.
Volume & Turnover
Volume showed a slight increase during late ET hours but did not confirm a breakout above 0.9983 or below 0.9981. Turnover also increased at the same time, but price action failed to follow through, suggesting indecision among traders.
Fibonacci Retracements
Applying Fibonacci retracements to the most recent 5-minute swing showed the price hovering around the 50% level. On the daily chart, the asset remained near the 61.8% retracement level of the prior week’s range, but no strong pullback or continuation signals emerged.
The tight range suggests continued stability in the stablecoin pair, with little expectation of a breakout in the near term. Traders may remain cautious ahead of potential macro updates. As always, volatility could rise unexpectedly due to broader market shifts.
Comments
No comments yet