Market Overview for Four/USDC on 2026-01-03

Summary
• Price action on FORMUSDC formed key resistance at 0.368–0.370 and support at 0.360–0.362 during the 24-hour period.
• Volume surged during midday ET, with over 9,000 transactions at 0.3606–0.3636.
• RSI indicated mild overbought conditions near 0.3754 before a sharp decline.
• Bollinger Bands expanded during late-night ET volatility, reflecting increased uncertainty.

Price and Volume Summary

Four/USDC (FORMUSDC) opened at 0.3613 on 2026-01-02 at 12:00 ET, peaked at 0.3856, and closed at 0.3608 on 2026-01-03 at 12:00 ET. Total volume reached 158,289.0, with turnover of 56,717.3.

Structure and Formations

The price formed a bullish engulfing pattern during the late-night ET rebound from 0.3605 to 0.3707, suggesting a short-term bounce. However, the formation lacked follow-through as a bearish rejection followed, confirming 0.3605–0.362 as the primary support. A doji appeared at 0.3709 on the early morning ET, highlighting indecision among buyers.

Moving Averages and Momentum

On the 5-minute chart, the 20-period and 50-period moving averages converged near 0.362–0.364, indicating a short-term equilibrium. The MACD turned negative during the morning ET, reflecting bearish momentum, while RSI briefly peaked at overbought levels before retreating. This suggests a possible correction back toward 0.3605–0.3615 could be in play.

Volatility and Fibonacci

Bollinger Bands expanded during the overnight rebound from 0.3605 to 0.3707, signaling heightened volatility. The price retraced 61.8% of that move at 0.3646–0.3656 before retreating. Fibonacci retracements on the earlier 0.3605–0.3856 move suggest possible support at 0.368 (38.2%), though the recent price failure to hold above 0.366 implies that level may now act as resistance.

Volume and Turnover

Volume surged during the midday ET consolidation at 0.3606–0.3636, with over 9,000 traded units. Turnover also spiked during the 0.3605–0.3707 rebound but declined significantly as the price drifted back to 0.3608–0.3611 by the 24-hour close, indicating a possible exhaustion in the short-term rally.

The market appears to be testing near-term support and resistance clusters, with the key near-term question being whether buyers can defend 0.3605–0.3615. A break below this level may invite a retest of 0.3579–0.3589, while a strong close above 0.3646 could signal a potential rally back toward 0.368. Investors should remain cautious about volatility and avoid overexposure near current levels.