TNSRUSDT Bounces From $0.0607 On Volume Surge, But RSI Signals Caution

Summary
• Price tested key support at $0.0607 and bounced with a bullish reversal pattern.
• Momentum weakened in the RSI, suggesting potential for consolidation.
• Volume surged during the early ET session, confirming the price rebound.

Tensor/Tether (TNSRUSDT) opened at $0.0623 on 2026-01-23 12:00 ET, reaching a high of $0.0647 before settling at $0.0607 as of 2026-01-24 12:00 ET. The pair traded within a range of $0.0604 to $0.0647, with total volume of 4,910,479.2 and a notional turnover of $306,630.85 over the 24-hour period.

Structure & Formations

The price found strong support at $0.0607, marked by a long lower wick and a bullish reversal candle following a sharp decline. Resistance levels were visible at $0.0618, $0.0623, and $0.0635, which were either rejected or retested multiple times. A bearish engulfing pattern formed at $0.0635 on 18:00 ET, signaling a potential reversal in the bullish trend.

Technical Indicators

The 20-period and 50-period moving averages on the 5-minute chart crossed bearishly in the afternoon ET session, reinforcing the downward momentum. The MACD histogram showed a slight positive divergence near $0.0607, suggesting buying pressure. The RSI bottomed at 28 near $0.0604, entering oversold territory, which may indicate a potential bounce.

Volatility and Volume

Bollinger Bands widened during the sharp decline into the late evening ET session, indicating increased volatility. Price traded near the lower band at $0.0607, suggesting a short-term floor. Volume spiked during the rebound from $0.0607, confirming the short-term support. Notional turnover remained elevated during the early ET session, aligning with the price bounce.

Pattern and Fibonacci Analysis

A bullish hammer formed at $0.0607 on 00:00 ET, reinforcing the short-term support. Fibonacci retracement levels from the $0.0604 low to the $0.0647 high showed key levels at $0.0621 (38.2%), $0.0630 (50%), and $0.0637 (61.8%), all of which acted as psychological or technical barriers.

The market appears to be at a turning point following the $0.0607 bounce. A sustained move above $0.0615 could see a test of the 50% Fibonacci level at $0.0630. Investors should remain cautious, as the RSI remains in oversold territory, and a false break below $0.0604 could trigger renewed selling pressure.