Summary
•
.Finance/Tether (YFIUSDT) declined from $3797 to $3620 amid bearish momentum and expanding volatility.
• Key support at $3620–3640 faced repeated tests, with no clear reversal formation.
• Volume and turnover spiked during the decline, confirming bearish sentiment.
• MACD and RSI both signaled oversold conditions by the close, suggesting a potential rebound.
• Bollinger Bands widened significantly, indicating heightened uncertainty.
At 12:00 ET–1 on 2026-01-17, yearn.finance/Tether (YFIUSDT) opened at $3720, reaching a high of $3811 before closing at $3620 by 12:00 ET on 2026-01-18. The pair traded between $3610 and $3811 over 24 hours, with a total volume of 204.427 units and a notional turnover of $743,635.
Structure & Formations
Price action showed a strong bearish bias, with a key support zone forming between $3620 and $3640. Several doji and bearish engulfing patterns emerged in the $3650–3700 range, signaling exhaustion in bullish momentum. The failure to reclaim $3720 confirmed a breakdown in the prior consolidation.
Moving Averages
On the 5-minute chart, price closed below both 20-period and 50-period SMAs, reinforcing short-term bearish pressure. Daily moving averages (50/100/200) were not provided, but the short-term trend clearly tilted south, with no immediate sign of a retest of key moving average levels.
MACD & RSI
MACD remained negative throughout the 24-hour period, with a bearish crossover confirmed early in the session. RSI fell to oversold territory by the close, suggesting a possible pullback or consolidation could follow, though a reversal remains unconfirmed without a strong bullish candle above $3650.
Bollinger Bands
Volatility expanded sharply as the bands widened, especially during the breakdown from $3720 to $3620. Price settled near the lower band at the 24-hour close, reinforcing the bearish setup. A bounce off the lower band would need to exceed the 38.2% Fibonacci level of $3656 to indicate a potential recovery.
Volume & Turnover
Volume and turnover both spiked during the selloff, particularly between 17:00–21:00 ET, confirming bearish conviction. However, the final 6–8 hours of the session saw weaker volume, which could indicate waning bearish momentum or a potential pause in the decline.
Fibonacci Retracements
Key Fibonacci levels on the $3620–$3811 swing showed $3656 (38.2%), $3637 (50%), and $3622 (61.8%) as potential turning points. Price tested the 50% and 61.8% levels, but failed to form convincing bullish reversals, suggesting further downside risk unless a strong breakout above $3656 is seen.
Market participants may expect a test of the 38.2% retracement level at $3656 in the next 24 hours, with a potential rebound if bulls can reclaim it. However, a break below $3620 could accelerate the decline toward $3600, so traders should monitor volume and order flow for confirmation or reversal signals.
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