Summary
•
surged from 3281 to 3453, forming a bullish continuation pattern with strong volume in early morning ET.
• RSI and MACD suggest overbought conditions, but momentum remains intact with rising highs and closes.
• Bollinger Bands show moderate expansion, with price near the upper band, indicating heightened volatility.
• Turnover increased significantly after 03:30 ET, confirming strength in the upward trend.
At 12:00 ET on 2026-01-02, yearn.finance/Tether (YFIUSDT) opened at 3281.0 and closed at 3453.0, reaching a high of 3454.0 and a low of 3275.0 over the 24-hour period. Total volume was 122.926 and turnover was 414,056.703.
The 5-minute candlestick pattern shows a strong bullish continuation from 17:00 ET to 03:45 ET, with a key breakout occurring at 03:30 ET, where price surged from 3325 to 3410 and remained above that level for the rest of the session. A series of bullish engulfing patterns and higher closes confirm strong buyer interest.
Structure & Candlestick Formations
Key support levels include 3313 and 3284, both of which were tested and held during the session, while 3344 and 3410 acted as resistances, with the latter being decisively taken out. A bullish flag pattern formed between 18:00 and 03:30 ET, followed by a strong breakout.
Trend and Moving Averages
Price held above the 20-period and 50-period moving averages for most of the session, reinforcing a short-term bullish bias.
The 200-period moving average on the daily chart is currently around 3300, suggesting a larger bullish move could still be unfolding.
Momentum Indicators
MACD crossed above the signal line and remained positive, showing strong bullish momentum. RSI reached overbought territory (above 70) at 10:00 and 15:45 ET, but failed to correct sharply, indicating strong demand.
Volatility and Bollinger Bands
Bollinger Bands expanded significantly after the 03:30 ET breakout, with price staying near the upper band for several hours. This suggests high volatility and increased trading activity among momentum traders.
Volume and Turnover
Volume spiked between 03:30 and 04:45 ET, coinciding with the price breakout and continued upward move. Turnover also increased, reaching a peak of over 35,540.04 at 11:15 ET, suggesting strong conviction in the upward trend.
Over the next 24 hours, YFIUSDT may test 3465 and potentially 3485 as resistance levels. While the upward trend appears to be gaining strength, a sharp correction back below 3410 could trigger short-term profit-taking. Investors should monitor volume behavior and RSI divergence for early warning signs.
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