USUALUSDT Pulls Back From 5-Minute High — Overbought Signs Emerge

Summary
• Price advanced from 0.01252 to 0.01295 on 5-minute chart before consolidating.
• Volume surged in early hours, with peak turnover at 0.01295 level.
• RSI and MACD signal overbought conditions following 0.5% rally.
• Bollinger Bands show recent expansion with price hovering near +1σ.
• Key 5-minute support appears at 0.01251–0.01253 range.

Usual/Tether (USUALUSDT) opened at 0.01252 at 12:00 ET − 1, hit a high of 0.01305, a low of 0.01241, and closed at 0.01245 at 12:00 ET. The total 24-hour volume was 35,137,145.6 and turnover amounted to 434,176.24.

Structure & Formations

The 5-minute chart shows a strong bullish impulse from 0.01252 to 0.01295, with a bearish engulfing pattern forming near the high at 0.01295–0.01289. Support levels at 0.01251–0.01253 and 0.01244–0.01246 appear to have held during the pullback. A doji formed at 0.01244–0.01244, signaling indecision after the drop.

Moving Averages

On the 5-minute chart, the 20SMA and 50SMA crossed during the early morning, giving a temporary bullish signal. However, the 50SMA is now bearish, having dipped below the price action after the correction. The daily chart shows the 50DMA and 200DMA in a bearish alignment, suggesting long-term bearish bias.

MACD & RSI

MACD turned negative post-0.01295, signaling a possible end to the short-term bullish momentum. RSI hit overbought territory near 0.01295 but has since dropped into neutral territory. The current RSI suggests a possible oversold condition at 0.01244–0.01246, though it remains within typical range.

Bollinger Bands

Bollinger Bands expanded significantly during the 0.01252–0.01295 move, with the price reaching +1σ. Price has since retracted toward the midline, suggesting potential volatility compression. A retest of the upper band could face resistance from the 50SMA.

Volume & Turnover

Volume spiked during the early hours, particularly at 0.01292–0.01295, with a 2558483.3 volume bar confirming strength. Turnover was highest in that period at $33,198.82. Volume during the pullback has been lower, indicating weakening selling pressure. A divergence between volume and price during the pullback suggests caution in interpreting bearish continuation.

Fibonacci Retracements

Applying Fibonacci levels to the 0.01252–0.01295 swing, 0.01276 (61.8%) has acted as a resistance zone. The 0.01263 (38.2%) level also showed rejection. On the daily chart, 0.01279 (61.8%) from the major daily move remains a key resistance.

Over the next 24 hours, traders may expect a test of the 0.01244–0.01246 support with potential for a rebound. However, the risk of a breakdown below this range remains, which could trigger a test of 0.01237–0.01239. Investors should remain cautious and watch for confirmation of the bearish trend.