Summary
• Price tested key resistance near 0.0965 and found support at 0.0934–0.0938.
• A bullish engulfing pattern formed in early ET hours, suggesting short-term buying interest.
• Volume surged near the 0.0950–0.0955 cluster, confirming consolidation.
• RSI dipped into oversold territory but failed to trigger a rebound, signaling potential buyer hesitation.
• Bollinger Bands contracted in the overnight session, suggesting a possible breakout setup.
At 12:00 ET on 2026-01-08, Viction/Tether (VICUSDT) opened at 0.0949, reached a high of 0.0966, touched a low of 0.0928, and closed at 0.0938. Total volume was 653,299.89, and notional turnover amounted to 58,478.79.
Structure & Formations
Price action displayed a bearish reversal after a brief attempt to break above 0.0965. A notable bullish engulfing candle emerged in the 06:00–06:15 ET window, but failed to hold momentum. The 0.0934–0.0938 level acted as strong support, with a potential retest likely in the near term.
Moving Averages
On the 5-minute chart, the 20-period MA (0.0947) crossed above the 50-period MA (0.0945), indicating short-term bullish momentum. However, the closing price sits below the 20 MA, suggesting a possible pullback. Daily MAs are not yet available in this data set.
MACD & RSI
The MACD crossed into positive territory briefly during the overnight session but returned to bearish territory by the end of the 24-hour period. RSI dipped to 28 in the morning hours and remained below 50, signaling potential oversold conditions but lacking confirmation for a reversal.
Bollinger Bands
Volatility decreased overnight, with Bollinger Bands narrowing between 0.0940 and 0.0950. Price closed near the lower band, suggesting increased pressure on the downside. A breakout above 0.0962 or below 0.0930 could trigger a new direction.
Volume & Turnover
Volume spiked around the 0.0950–0.0955 cluster during the 19:00–20:00 ET window, confirming price consolidation. Turnover increased as price approached the 0.0943–0.0948 range, indicating accumulation or distribution activity.
Fibonacci Retracements
Key retracement levels on the 5-minute chart include 0.0953 (38.2%), 0.0950 (50%), and 0.0948 (61.8%). The 0.0948 level appears to be a critical area for near-term support.
The price may attempt a short-term rebound off the 0.0934–0.0938 support, but further bearish momentum is possible if the 0.0948 level breaks. Investors should monitor the 0.0962 resistance and watch for divergence in the next 24 hours as a key indicator of trend strength.
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