Summary
• Price opened at $0.9166 and reached a high of $0.9379 before closing near $0.9071.
• Key resistance appears at $0.9236, while support is forming around $0.9030.
• Volume spiked during the bearish 5-minute candle at $0.9122–$0.9214.
• RSI signaled overbought conditions early, then oversold near the close.
• Bollinger Band contraction was observed ahead of the sharp decline.
Trust Wallet Token/Tether (TWTUSDT) opened at $0.9166 on 2026-01-14, surged to $0.9379, and closed at $0.9071 by 12:00 ET on 2026-01-15. Total volume was 687,270, with a notional turnover of $607,006. The pair experienced elevated volatility and a sharp drop in the second half of the day.
Structure & Formations
Price formed a bearish engulfing pattern during the 18:00 ET–18:15 ET 5-minute candle at $0.9122–$0.9214, confirming a shift in sentiment. A key resistance level appears at $0.9236, marked by a rejection and a doji pattern. Support is consolidating around $0.9030, where the price found a temporary floor during a volatile 3:30 ET–3:45 ET move.
Moving Averages
The 20-period and 50-period moving averages on the 5-minute chart both crossed below key price levels by the close, indicating a bearish bias. Daily moving averages (50, 100, 200) remain unbroken, but the 20-period line is starting to lag behind, signaling potential for further downside.
MACD & RSI
The MACD line turned negative by 18:00 ET and remained below the signal line, reinforcing bearish momentum. RSI peaked above 65 early in the day and dropped sharply to oversold territory, below 30 by 03:30 ET, suggesting possible near-term exhaustion in the downward move.
Bollinger Bands
Volatility contracted between 02:00 ET and 03:30 ET as the price hovered within a narrow band, followed by a break below the lower band and a sharp selloff. This suggests a potential continuation of bearish pressure in the near term.
Volume & Turnover
Volume spiked during the 18:00 ET–18:15 ET bearish candle and again during the 03:30 ET–04:00 ET selloff, indicating strong conviction. Notional turnover aligned with volume spikes, confirming the legitimacy of the price action.
Fibonacci Retracements
On the 5-minute chart, the selloff from $0.9379 found support at the 61.8% level near $0.9175 before breaking below to $0.9030. On the daily chart, a larger move from the January 14 high to the early morning low aligns with the 61.8% Fibonacci level, which could serve as a key watchpoint for the next 24 hours.
The price could continue testing the $0.9030 support in the short term, with potential for a bounce back to the 38.2% retracement level at $0.9140 if buyers enter. However, traders should remain cautious as volatility remains elevated and divergence between price and volume suggests potential for further consolidation or a reversal.
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