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Summary
• Price action formed bearish exhaustion patterns near 0.8850 before reversing lower.
• RSI indicates oversold territory, suggesting short-term potential for a rebound.
• Volatility remains elevated with volume surges during key breakdowns below 0.8800.
• Bollinger Bands show price trading at the lower band, pointing to possible mean reversion.
• Fibonacci levels highlight 0.8761 as a critical short-term support to watch.
Trust Wallet Token/Tether (TWTUSDT) opened at 0.8829 on 2026-01-01 at 12:00 ET and closed at 0.8732 the following day at 12:00 ET. The pair reached a high of 0.8864 and a low of 0.8702, with a total volume of 813,314.0 and turnover of 696,473.46.
The price structure showed a bearish bias throughout the day, with key resistance failing at 0.8850 after multiple tests. A series of long lower wicks below 0.8800 signaled short-covering potential. RSI reached oversold territory, which could invite buying interest.
Structure and Formations: A clear breakdown occurred below the 0.8800 level, supported by strong volume spikes.

Moving Averages: On the 5-minute chart, the 20-period MA crossed below the 50-period MA, confirming the short-term bearish trend. On the daily chart, price remains above the 200-period MA, suggesting underlying stability.
MACD & RSI: MACD turned negative and remained bearish, while RSI bottomed near 25, pointing to possible near-term buying pressure.
Bollinger Bands: Price traded at the lower band for much of the day, reinforcing the bearish momentum but hinting at a potential bounce.
Volume & Turnover: Turnover spiked during the breakdown below 0.8800, with the largest volume observed at 0.8702–0.8731. Price and turnover remained aligned, confirming the move lower.
Fibonacci Retracements: The 61.8% level at 0.8761 appears critical for near-term stability, with a break below 0.8731 risking a test of 0.8702.
In the next 24 hours, a rebound toward 0.8770 could be expected if the 0.8761 level holds. However, a break below 0.8731 may accelerate further downside. Investors should remain cautious and monitor volume for signs of conviction in any reversal.
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