TSTUSDT Breaks Key Support With Surging Volume, RSI Hits Oversold

Summary
• Price formed bearish engulfing patterns around 0.01446 and 0.01451, suggesting short-term bearish momentum.
• Volatility expanded in the early morning, reaching a low of 0.01408, with volume surging above 1.9M.
• Bollinger Bands show price near the lower band at close, suggesting potential for a reversion to the mean.
• RSI indicates oversold territory below 30, with MACD showing a bearish crossover into negative territory.
• Turnover and price moved in alignment in the early hours, reinforcing the bearish breakdown below 0.0144.

Test/Tether (TSTUSDT) opened at 0.01431 on 2026-01-26 at 12:00 ET and closed at 0.01407 by 12:00 ET on 2026-01-27, reaching a high of 0.01458 and a low of 0.01402. The total volume for the 24-hour period was 19,518,129 units, with a notional turnover of $27,341.63.

Structure & Formations

Price action revealed key bearish reversal signals in the early part of the session, including a bearish engulfing pattern at 0.01446 and another at 0.01451. These suggest increasing bearish conviction following a failed rally above 0.01446. A doji at 0.01435 in the early morning signaled indecision, but the subsequent breakdown below 0.0144 confirmed a shift in sentiment.

MACD & RSI

The RSI reached below 30 in the late morning, indicating oversold conditions, while the MACD crossed into negative territory and showed bearish divergence. This suggests that the selling pressure may be exhausting, but buying support is yet to show strength.

Bollinger Bands

Price drifted near the lower Bollinger Band at close, indicating a possible mean reversion in the near term. The bands widened in the early hours due to increased volatility, confirming a breakout phase.

Volume & Turnover

Volume surged sharply in the early morning session, with over 1.9M units traded at the 12:45 ET candle, coinciding with a breakdown to a 24-hour low. Turnover moved in line with the price action, supporting the legitimacy of the breakdown.

Fibonacci Retracements

A 61.8% Fibonacci retracement from the 0.01458 high to the 0.01402 low aligns with current support at 0.01408–0.01409, where buyers have shown some interest. A retest of this level could offer short-term entry opportunities if confirmed.

In the next 24 hours, a retest of the 0.01408 support appears likely, with a potential bounce or further consolidation into oversold territory. Traders should remain cautious of increased volatility if a bearish breakdown fails.