Market Overview for UMA/Tether (UMAUSDT): 2026-01-16

Summary
• Price fluctuated between 0.740–0.771 with multiple bearish reversals.
• Volume surged near 19:00 ET, aligning with a key breakdown below 0.760.
• RSI and MACD indicate weakening momentum with oversold conditions near 0.745.

24-Hour Summary

UMA/Tether (UMAUSDT) opened at 0.767 on 2026-01-15 at 12:00 ET, reaching a high of 0.771 and a low of 0.740 before closing at 0.762 on 2026-01-16 at 12:00 ET. The total volume for the 24-hour window was 188,903.5, with a notional turnover of 136,586.43.

Structure & Formations

The price action revealed a bearish breakout below a critical psychological level at 0.760, supported by a large bearish candle at 19:00 ET. A potential double-bottom structure is forming around 0.745–0.750, while a long-legged doji at 02:00 ET hints at indecision. Key support is forming around 0.745, with a 61.8% Fibonacci retracement level aligning closely. Resistance appears to be in consolidation around 0.764–0.767.

Volatility and Momentum

Bollinger Bands expanded during the breakdown phase below 0.760, indicating increased volatility. The RSI has dropped below 30, suggesting oversold conditions, while the MACD histogram has been negative since the early evening ET breakdown. This points to weakening bullish momentum.

Volume and Turnover

The highest volume occurred at 19:00 ET (18,299.2) during the sharp descent below 0.760, confirming the move. Turnover increased in sync with this volume, showing aligned price and notional flow. A divergence appears between price and volume near 0.745–0.750, where volume dropped despite a rebound attempt.

Forward Outlook and Risk

UMAUSDT appears to be consolidating within a tight range near 0.745–0.760 ahead of a potential breakout or reversal. A move above 0.767 may rekindle short-term bullish interest, while a breakdown below 0.745 could trigger a deeper correction. Investors should remain cautious of thin volume levels near current support and resistance.