Summary
• Price action consolidated between 0.0171 and 0.01735 after a sharp mid-session dip to 0.01703.
• Strong bearish momentum confirmed by RSI and MACD divergence in late hours.
• Volatility expanded following a Bollinger Band contraction in the early morning.
• Volume surged in the 05:00–09:00 ET window as price dropped 0.01738 to 0.01703.
• Key support at 0.01703–0.01707 and resistance at 0.01728–0.01731 now critical for near-term direction.
Xai/Tether (XAIUSDT) opened at 0.01719 on 2026-01-08 12:00 ET, reached a high of 0.01739, a low of 0.01689, and closed at 0.01700 on 2026-01-09 12:00 ET. Total volume for the 24-hour window was 9,407,409.77, with a notional turnover of 162,395.17.
Structure & Formations
Price action on the 5-minute chart displayed a bearish engulfing pattern near 0.01731 at 22:15 ET, signaling a potential reversal. A deep-bodied bearish candle closed at 0.01704 at 20:15 ET, highlighting strong selling pressure.
The 0.01703–0.01707 zone became critical support after a test at 0.01689 early in the morning.
Moving Averages
Short-term moving averages (20/50-period on 5-minute chart) showed a bearish crossover during the overnight sell-off, reinforcing downward momentum. The 50-period line acted as a ceiling before 0.01728, while the 200-period daily MA remains above the current price, suggesting medium-term bearish bias.
MACD & RSI
The MACD crossed into negative territory after 03:00 ET, with bearish momentum intensifying through 09:00 ET. RSI dipped to 29–32 levels by 10:00 ET, indicating oversold conditions, though bearish divergence in the 05:00–09:00 window suggests continuation of the downtrend.
Bollinger Bands
Volatility expanded after a contraction during 03:00–05:00 ET, as price broke out below the lower band to test 0.01689. Price retested the lower band at 0.01703–0.01707 during the session close, showing a potential reversal area for tomorrow.
Volume & Turnover
Volume surged to over 1.5M at 09:00 ET as price fell to 0.01708, confirming the bearish breakout. However, turnover failed to increase proportionally in the late morning, suggesting some exhaustion in the sell-off. A volume spike at 0.01703 during 09:00–12:00 ET indicates renewed accumulation.
Fibonacci Retracements
A key Fibonacci level at 0.01707–0.01703 (38.2%) became support during the final hours of the session. The 61.8% retracement of the 0.01689–0.01738 move is near 0.01719–0.01722, now acting as resistance if buyers re-engage.
While the immediate bias remains bearish, a rebound above 0.01728 could trigger a test of the 0.01731–0.01733 resistance cluster. Traders should monitor for a rejection or break above that level for a potential short-term reversal, though risks remain skewed to the downside in the next 24 hours if support at 0.01703–0.01707 fails.
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