AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
Summary
• Price tested 0.0643 resistance multiple times before breaking higher late in the session.
• RSI suggests moderate momentum with no extreme overbought conditions.
• Volatility expanded during the breakout, with volume confirming the upward move.
• Bollinger Bands showed a recent expansion, aligning with increased price movement.
• Fibonacci levels near 0.0645–0.0651 appear to be key areas for near-term support/resistance.
Ontology/Tether (ONTUSDT) opened at 0.0653 on 2025-12-31 17:00 ET, reaching a high of 0.0694, a low of 0.0621, and closing at 0.0632 on 2026-01-01 12:00 ET. Total volume reached 19.1 million, with turnover amounting to $1.17 million.
Structure & Candlestick Patterns
Price formed a bullish breakout pattern after several tests of the 0.0643–0.0645 resistance level, with a strong 5-minute bullish engulfing pattern visible at 03:00 ET. The 0.0651 level acted as a minor resistance, while a prior swing low of 0.0633 may offer near-term support. A doji at 05:45 ET suggests some hesitation before the final leg higher.
Volatility and Bollinger Bands
Bollinger Bands expanded in the early hours of 01-01, aligning with the breakout. Price remained near the upper band during the upward move, suggesting elevated volatility and a potential continuation scenario. The contraction in the late hours of 12-31 may have signaled a low-volatility setup before the breakout.
Momentum and Indicators
RSI moved into the mid-50s, indicating moderate bullish momentum without overbought conditions. MACD crossed into positive territory during the breakout and maintained a bullish divergence. The 20-period and 50-period moving averages crossed over at ~0.0640, reinforcing the breakout signal.
Volume and Turnover Analysis

Fibonacci Retracements
The 61.8% retracement level of the key 0.0621–0.0694 move is located at 0.0667, while the 38.2% level sits near 0.0649. These levels may act as potential resistance if the upward trend continues. The immediate Fibonacci support is near 0.0634, where price found a floor twice in the last 24 hours.
The 0.0634–0.0645 range appears to be consolidating ahead, with potential for a continuation if buyers hold above 0.0634. Investors may watch for a break above 0.0645 for a more confident bullish stance. However, a pullback into 0.0631–0.0625 could test the sustainability of the breakout.
Decoding market patterns and unlocking profitable trading strategies in the crypto space

Jan.01 2026

Jan.01 2026

Jan.01 2026

Jan.01 2026

Jan.01 2026
Daily stocks & crypto headlines, free to your inbox
Comments
No comments yet