Market Overview: Chainlink/Tether (LINKUSDT) 24-Hour Summary

Generated by AI AgentAinvest Crypto Technical RadarReviewed byRodder Shi
Saturday, Jan 17, 2026 12:47 pm ET1min read
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- Chainlink/Tether (LINKUSDT) tested 13.75 resistance but retreated to 13.71 after failing to break through.

- Afternoon volatility pushed price to 13.90 before sharp decline, confirmed by bearish MACD and expanded Bollinger Bands.

- Strong bearish engulfing pattern at 13.90 and 61.8% Fibonacci retracement at 13.74 suggest key support/resistance dynamics.

- Surging turnover during 13.90 peak and subsequent volume divergence indicate mixed market conviction amid consolidation near 13.71.

- Market poised to test 13.71-13.73 support zone next 24 hours, with potential for 13.65 target if breakdown confirms bearish momentum.

Summary
• Price tested key resistance near 13.75, failed to break, and retreated to 13.71.
• Volatility expanded in the afternoon, pushing high to 13.90 before a sharp decline.
• MACD turned negative post-14:00 ET, signaling bearish momentum.
• Bollinger Bands expanded significantly, confirming heightened price swings.
• Turnover surged in late afternoon, highlighting increased trading interest during pullback.

Chainlink/Tether (LINKUSDT) opened at 13.59 on 2026-01-16 at 12:00 ET, reached a high of 13.90, and closed at 13.71 on 2026-01-17 at 12:00 ET, with a low of 13.50. Total volume was 536,896.32, and turnover amounted to 7,399,286.76.

Structure and Key Levels


Price action formed a bearish engulfing pattern near the 13.90 high, followed by a strong decline toward 13.71, suggesting rejection at key resistance. A 61.8% Fibonacci retracement of the 13.50–13.90 swing sits at 13.74, acting as a potential pivot for near-term direction.

Moving Averages and Momentum


On the 5-minute chart, the 20-period and 50-period moving averages crossed bearishly as the price pulled back from 13.90. The RSI hit overbought territory in the early afternoon before declining sharply, confirming waning bullish momentum.

Volatility and Bollinger Bands

Bollinger Bands expanded significantly after the 13.90 high, reflecting increased volatility. The price closed near the middle band at 13.71, suggesting consolidation ahead of potential follow-through.

Volume and Turnover


Volume and turnover surged during the afternoon peak, aligning with the 13.90 high but diverged during the rapid decline afterward, indicating mixed conviction. The drop below 13.75 with relatively high volume may signal short-term bearish pressure.

The market appears poised for a test of the 13.71–13.73 support zone over the next 24 hours. A break below this level could target 13.65, but a rebound above 13.75 may rekindle bullish momentum. Investors should monitor volume patterns and key resistance for confirmation.