Summary
• Price tested key resistance at 0.1490–0.1500, with mixed follow-through on breakouts.
• Momentum shifted from bullish to bearish after 0.1500 failed to hold, triggering pullback.
• High volume observed during late-day rebound, suggesting potential short-term consolidation.
• 61.8% Fibonacci level at 0.1475 became a magnet for buyers in final 5 hours.
• RSI and MACD show divergence near overbought/oversold zones, hinting at possible reversal.
ZRXUSDT opened at 0.1460 on 2026-01-15 12:00 ET and closed at 0.1470 on 2026-01-16 12:00 ET, reaching a high of 0.1530 and a low of 0.1441. Total 24-hour volume was 5,873,639.0 and turnover amounted to 855,147.64 USDT.
Structure and Key Levels
The price formed a bullish engulfing pattern around 0.1470–0.1480 during the overnight session, indicating potential reversal from prior bearish pressure. Resistance at 0.1490–0.1500 was repeatedly tested but failed to hold, triggering a pullback. Support at 0.1460–0.1470 held through much of the day, with a 61.8% Fibonacci retracement level at 0.1475 acting as a strong pullback magnet in the final 5 hours.
Trend and Momentum
Short-term moving averages (20/50) crossed into bullish territory during the overnight rally but flattened as bearish pressure returned. RSI peaked above 60 and showed bearish divergence after the high at 0.1530. MACD confirmed the bearish reversal in the late afternoon, with a negative histogram expanding after the 0.1500 failure.
Volatility and Bollinger Bands
Volatility expanded significantly during the early afternoon surge, pushing price to the upper Bollinger Band before retreating toward the midline. This suggests traders are becoming cautious, and a contraction phase may precede the next directional move.
Volume and Turnover
Volume surged to over 3.1 million during the late-day rebound, confirming the 0.1470–0.1475 area as a potential short-term bottom. However, turnover failed to reach multi-day highs, indicating buyer hesitation.
Forward Outlook
Buyers may attempt to retake 0.1490–0.1500 in the next 24 hours if the 0.1475 level holds, but a break below 0.1460 would suggest a deeper pullback. Traders should watch for volume confirmation on any rally. As always, sudden macroeconomic or market-wide shifts may override technical signals.
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