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Summary
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Xai/Tether (XAIUSDT) opened at $0.02099 on January 16 at 12:00 ET and closed at $0.0191 on January 17 at 12:00 ET, with a high of $0.0246 and a low of $0.01885. Total volume reached 302,884,625.15 and notional turnover stood at $6,734,369.30 over the 24-hour period.
Structure and formations showed a clear breakdown from key 5-minute Fibonacci levels, notably the 61.8% retracement of a prior bullish swing. This was confirmed by a bearish engulfing pattern at the opening of the new trading day. On the MACD, the crossover into negative territory and a bearish divergence in RSI suggested weakening bullish momentum.

Volatility surged with a sharp expansion in Bollinger Bands, particularly after 00:45 ET, as prices broke the lower band with a low of $0.01885. Notably, while volume spiked in the early hours, the corresponding price action failed to confirm strong bearish conviction, showing signs of internal conflict.
Looking ahead, the current bearish setup may continue to test support near the 0.0185 level. Investors should monitor for a potential bounce or a break below that level for confirmation of further downside risk. Caution is warranted as volatility remains high and key support levels are in play.
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