Summary
• Price tested key resistance at 0.0172–0.0173 and failed to hold above.
• Volume spiked during late ET consolidation, confirming bearish momentum.
• RSI remained in neutral territory, but diverged slightly with price during final 5-minute candles.
• Bollinger Bands showed tightening volatility before a sharp break lower.
• Fibonacci retracement levels suggest potential support at 0.0170 and 0.0169.
Xai/Tether (XAIUSDT) opened at 0.01715 on 2026-01-01 12:00 ET, reached a high of 0.01729, and closed at 0.01707 on 2026-01-02 12:00 ET, with a low of 0.01685. The 24-hour volume totaled 55,131,400.0, and notional turnover was approximately 945,771.55 USD.
Structure & Formations
Price formed a bearish engulfing pattern during the 5-minute candle at 2026-01-02 06:30 ET, signaling a potential reversal after a brief rally. A key resistance zone between 0.0172 and 0.0173 failed to hold, with subsequent rejection observed. A bearish breakdown below the 0.0170 level was confirmed, with 0.0170 and 0.0169 becoming probable near-term support.
Moving Averages
On the 5-minute chart, price closed below both the 20-EMA and 50-EMA, reinforcing a short-term bearish bias. Daily MA levels were not provided due to lack of daily data, but recent 5-minute momentum suggests a continuation of the downward trend.
Momentum and Volatility Indicators
MACD remained in negative territory with a bearish crossover forming late in the session. RSI hovered in the mid-30s, avoiding oversold levels but showing divergence during the final push toward the close.
. Bollinger Bands demonstrated a brief contraction before a sharp expansion following the breakdown of 0.0170, indicating a possible increase in volatility.
Volume and Turnover
Notional turnover surged during the final 5-hour stretch, especially between 02:00 and 06:30 ET, confirming bearish price action. Volume during the breakdown was strong, with no signs of price-volume divergence. Turnover increased in line with bearish momentum, supporting the move lower.
Fibonacci Retracements
The 5-minute swing from 0.01685 to 0.01729 aligns with 38.2% at 0.01712 and 61.8% at 0.01704. Price appears to find immediate support near 0.0170 and 0.0169, with a potential test of 0.01685 if the downward move continues.
Xai/Tether may face near-term pressure toward 0.01685, though a rebound above 0.01704 could invite buyers. Traders should monitor volume during the next 24 hours to gauge strength in any potential reversal attempt.
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