Summary
•
formed a bullish engulfing pattern near 0.75–0.752 after a sharp decline.
• Momentum accelerated into the late hours, with RSI climbing into overbought territory.
• Volatility expanded through 0.76–0.768, supported by higher volume and turnover.
• Price broke above key 20-period MA on the 5-min chart for the first time in 24 hours.
• Fibonacci levels at 0.763 and 0.768 appear relevant as potential resistance.
Price and Volume Summary
At 12:00 ET on 2026-01-13, UMA/Tether (UMAUSDT) opened at 0.758, reached a high of 0.776, a low of 0.745, and closed at 0.774. The total 24-hour volume was 441,384.6, with a notional turnover of 334,446.04.
Structure and Momentum
The 24-hour period featured a sharp consolidation followed by a strong upward breakout in the late hours. A bullish engulfing pattern emerged between 0.75 and 0.752, followed by a strong rally toward 0.76–0.768. The Relative Strength Index (RSI) climbed into overbought territory near 70 during the breakout, suggesting potential near-term exhaustion, but with strong volume confirmation.
Volatility and Moving Averages
Bollinger Bands showed a moderate expansion following the price break above 0.76, indicating increased volatility. The 20-period moving average on the 5-minute chart was crossed and held above, supporting the idea of a potential short-term uptrend. The 50-period MA acted as a dynamic support during the earlier consolidation phase.
Volume and Fibonacci Levels
Volume spiked significantly during the late-ET rally, confirming price action rather than contradicting it. A divergence was not observed, which supports the validity of the move. Fibonacci retracement levels drawn from the low at 0.745 to the high at 0.776 suggest 0.763 (61.8%) and 0.768 (78.6%) as critical resistance zones.
UMAUSDT appears to have found a new baseline of strength above 0.76 and may test key resistance levels over the next 24 hours. While momentum is strong, traders should remain cautious of potential pullbacks if these levels fail to hold.
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