XAIUSDT Breaks Key Support as Volume Fails to Confirm

Summary
• XAIUSDT formed a bearish engulfing pattern at 0.01072 after reaching a 24-hour high of 0.01084.
• Price retested the 0.01065 level repeatedly, indicating strong support.
• RSI showed overbought conditions near 0.0108, followed by a pullback below 50.
• Volume surged in the 19:00–20:00 ET window, but price declined, signaling possible exhaustion.
• Bollinger Bands tightened between 0.01069 and 0.01075 before a breakout to the downside.

Xai/Tether (XAIUSDT) opened at 0.01072 on 2026-02-07 12:00 ET, reached a high of 0.01084, and closed at 0.01062 by 12:00 ET the next day. The pair traded between 0.01060 and 0.01084 over the 24-hour period, with a total volume of 11,366,932.6 and turnover of 119,964.20.

Structure & Formations

A key bearish engulfing pattern emerged at 0.01072, confirming a shift in sentiment. Price tested the 0.01065 level four times, with the last rejection showing waning buying pressure. A doji formed at 0.01065 (23:45 ET), hinting at indecision. The 0.01060 level may now act as the next potential support, following a 61.8% Fibonacci retracement from the 0.01084 high to the 0.01060 low.

Moving Averages and Momentum

On the 5-minute chart, the price closed below the 20- and 50-period moving averages, reinforcing the bearish bias. RSI dipped into oversold territory near 0.01060, suggesting a possible near-term bounce. MACD showed a bearish crossover in the 19:00–20:00 ET window, confirming the trend reversal.

Volatility and Bollinger Bands

Volatility expanded after 19:00 ET as the price broke below the lower Bollinger Band, which had contracted between 0.01069 and 0.01075. This breakout appears to be confirmed by the subsequent 0.01065 support test and a bearish continuation into 0.01060.

Volume and Turnover

Volume spiked in the 19:00–20:00 ET window as the price dropped below 0.01072, but turnover failed to confirm the strength of the move. This divergence may indicate a potential reversal or consolidation ahead.

Looking Ahead

XAIUSDT may test the 0.01060 level for confirmation before resuming downward momentum. A break above 0.01069 could signal a short-term bounce, but this would need follow-through volume to be meaningful. Investors should remain cautious as volatility remains elevated, and a false breakout could trap buyers.