XTZ/USDT Breaks Below 0.4300 on Bearish Signal as Volume Fades

Summary
• Price dropped below 0.4300 during a high-volume bearish engulfing pattern at 04:15 ET.
• Momentum weakened with RSI below 30 and declining volume after 05:00 ET.
• Volatility expanded in Bollinger Bands during early ET hours, followed by a contraction.
• A 61.8% Fibonacci retracement at 0.4130 supported a temporary rebound.
• Turnover surged in the 16:15–16:30 ET window as price rose toward 0.4266.

24-Hour Price and Volume

At 12:00 ET on 2026-02-07, Tezos/Tether (XTZUSDT) opened at 0.4309, reached a high of 0.4492, and closed at 0.4095 after hitting a low of 0.4085. The total traded volume was 1,543,327.4 and notional turnover amounted to 634,080.99 USD over the 24-hour window.

Structure and Candlestick Patterns

Price action displayed a bearish engulfing formation at 04:15 ET (0.4313 to 0.4263), signaling a strong reversal. The candle at 07:30 ET (0.4135) suggested some short-term support, while the 16:15–16:30 ET window saw a bullish breakout attempt.

Moving Averages and Momentum

Short-term averages on the 5-min chart (20/50) remained bearish as price closed below both. The RSI trended below 30 after 05:00 ET, indicating oversold conditions. MACD crossed below the signal line during the early ET hours, reinforcing the bearish bias.

Volatility and Fibonacci Levels

Bollinger Bands widened during the initial 6 hours of ET time, indicating increased volatility, before contracting as price consolidated. The 61.8% Fibonacci retracement level at 0.4130 provided temporary support, followed by a partial rebound to 0.4193.

Turnover and Volume Analysis

High volume occurred at the bearish engulfing pattern and during the 16:15–16:30 ET breakout attempt, with turnover aligning with price movement. However, volume waned after 05:00 ET, even as price remained near lows.

Market participants may see a test of the 0.4100–0.4095 level in the next 24 hours. However, the absence of strong follow-through volume after the 16:15 ET rally suggests traders should remain cautious about a sustained recovery.