Summary
• Price dropped to a 24-hour low of 0.754 before recovering to close near 0.763.
• Volume surged after the 0.768 breakdown, confirming bearish momentum.
• Key support at 0.758 and resistance at 0.770–0.773 were tested multiple times.
• RSI shows moderate oversold levels, while MACD signals bearish momentum.
• Bollinger Bands widened after the drop, reflecting increasing volatility.
UMA/Tether (UMAUSDT) opened at 0.773 on 2026-01-10 at 12:00 ET, reached a high of 0.780, fell to a low of 0.754, and closed at 0.763 by 12:00 ET the following day. The pair experienced a total volume of 276,160.8 and a turnover of 211,086.58 in the 24-hour window.
Structure & Formations
Price action displayed a strong bearish breakdown after breaking below the key 0.768 support level, leading to a 3% drop to 0.758. A bullish reversal was observed as
tested and held above the 0.761–0.763 range multiple times, forming a potential base.
A bearish engulfing pattern formed around 0.768–0.764 in the morning, while a doji appeared near 0.758 in the afternoon, suggesting indecision.
Moving Averages
On the 5-minute chart, the 20-period and 50-period moving averages (SMA) both trended downward throughout the session, indicating a bearish bias. The daily chart showed a more neutral setup with price oscillating between the 50- and 200-period SMAs, with no clear long-term direction established.
MACD & RSI
MACD remained in negative territory, confirming the bearish momentum, especially during the 0.768 breakdown. RSI dipped into oversold territory (below 30) during the 0.758 low but failed to generate a strong reversal signal. A modest recovery in RSI suggests short-term stabilization but not a reversal.
Bollinger Bands
Bollinger Bands widened significantly during the 0.768 breakdown and subsequent drop to 0.758, indicating increased volatility. The price remained within the bands for most of the session, closing just above the lower band, suggesting potential for further consolidation or a minor rebound.
Volume & Turnover
Volume spiked notably during the 0.768 breakdown and again during the 0.758 low, indicating strong bearish conviction at key levels. Turnover mirrored volume trends, with the largest notional value observed during the afternoon sell-off. A divergence appeared between price and volume during the late afternoon rally, suggesting possible fading bullish interest.
Fibonacci Retracements
On the 5-minute chart, key retracement levels of 0.766 (38.2%) and 0.762 (61.8%) acted as psychological support. The daily chart showed 0.768 and 0.760 as key Fibonacci levels, which were both tested and respected during the session.
UMA/Tether appears to have found a temporary floor near 0.758, but bearish momentum remains intact. A retest of this support may confirm its strength, while a move above 0.770 could signal a short-term reversal. Investors should remain cautious of potential volatility and bearish follow-through in the next 24 hours.
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