TKOIDR Stalls at 1087.5 as Volatility Peaks and RSI Hits Oversold

Summary
• Price formed bearish engulfing patterns and tested key resistance levels around 1087.5–1090.
• Volatility expanded during the session, pushing prices to 1091.46 before retreating toward 1065.21.
• Momentum waned in the final hours, with RSI signaling potential oversold conditions.
• Volume surged during the late-night to early morning Rupiah weakness, suggesting increased retail participation.
• Price appears to be consolidating near the 50-period moving average, with no strong directional bias.

Toko Token/Rupiah (TKOIDR) opened at 1080.21 on 2026-02-07 12:00 ET, peaked at 1091.46, troughed at 1065.21, and closed at 1087.34 on 2026-02-08 12:00 ET. Total volume was 148,033.5, and notional turnover reached 159,190,000. The market exhibited heightened volatility and tested critical psychological levels.

Structure & Formations

A strong bearish engulfing pattern emerged at 1089.67–1091.23 early in the session, followed by a bullish reversal near the 1065.21 support. The 1087.5–1090.0 range acted as a key resistance cluster, with price struggling to break above. A doji formed around 1087.87, indicating indecision.

Moving Averages

On the 5-minute chart, price fluctuated around the 20-period (1085.0) and 50-period (1082.4) moving averages, with no clear breakouts. The 50-period moving average appears to offer moderate support. On the daily chart, the 50- and 100-period moving averages are converging, suggesting a potential consolidation phase.

MACD & RSI

MACD showed weak bearish momentum in the early morning session, with a slight divergence suggesting a potential reversal. RSI dipped to 30–35 in the last 30 minutes of the session, signaling possible oversold conditions and hinting at a possible short-term rebound.

Bollinger Bands

Volatility expanded significantly in the late-night hours, with price reaching the upper band at 1091.46 and then retreating to near the lower band at 1065.21. The band width suggests elevated uncertainty, with price now hovering just above the 20-period Bollinger midpoint.

Volume & Turnover

Volume spiked during the late-night Rupiah decline, particularly in the 00:00–03:00 ET window, with a large order of 15,669.7 volume at 1080.0. Turnover increased in tandem, confirming the move. However, price failed to sustain the upward push beyond 1090.65, suggesting resistance remains intact.

Fibonacci Retracements

The 38.2% retracement level (around 1078.0) held briefly during the early morning, but price continued lower. The 61.8% retracement (1087.5) appears to be a critical level for near-term support/resistance. On the daily chart, the 50% retracement of the prior month’s swing remains untested.

Price could test 1087.5 again in the next 24 hours and potentially rebound if the 50-period MA holds. However, traders should remain cautious, as key resistance above 1090.0 could retrigger bearish momentum if not decisively broken.