Market Overview: Chainlink/Yen (LINKJPY) Technical Summary for 2026-01-18

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Sunday, Jan 18, 2026 9:59 am ET1min read
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- Chainlink/Yen (LINKJPY) closed at 2177 on 2026-01-18, showing bearish bias with 2176–2180 as key support.

- Asian session volatility expanded (2163–2188), while RSI rejected overbought levels at 2188, signaling potential pullback.

- Volume spiked at 01:15 ET (294.06) during sharp decline, aligning with bearish price action and Fibonacci 38.2% retracement.

- Bollinger Bands widened to 10 points during Asia hours, with price testing upper/lower bounds, suggesting defined but volatile range.

Summary
• Price action shows a bearish bias, with 2176–2180 forming a key support cluster.
• Volatility expanded during Asian hours, with 2163–2188 defining the day’s range.
• RSI suggests overbought conditions were rejected at 2188, hinting at potential pullback.

Chainlink/Yen (LINKJPY) opened at 2186.0 on 2026-01-17 at 12:00 ET, peaked at 2188.0, and closed at 2177.0 on 2026-01-18 at 12:00 ET, with a low of 2163.0. Total 24-hour volume was 3,313.47, and turnover reached 7,165,664.91.

Structure & Formations


Price action traced a broad bearish channel, with multiple bearish engulfing patterns evident in late NY and Asian sessions. A potential key support level appears near 2176, which was tested twice during the session and held, suggesting a possible short-term floor. A notable doji formed around 02:30 ET, signaling indecision after a sharp drop.

Moving Averages


On the 5-minute chart, the 20-period and 50-period moving averages remain closely aligned, reflecting a consolidation phase rather than a strong directional trend. On the daily chart, the 50-period MA appears slightly bearish relative to the 200-period MA, reinforcing the potential for a continuation of the 2160–2190 trading range.

MACD & RSI


MACD remained in negative territory for most of the session, with bearish divergences emerging as price pushed higher in late afternoon ET. RSI reached overbought territory twice (2188 and 2187) but failed to sustain above 65, indicating bearish rejection. The latest close at 2177 shows RSI near 45–50, suggesting a balanced short-term momentum profile.

Bollinger Bands


Volatility expanded significantly during Asian hours, with the 20-period Bollinger Bands widening from approximately 4 to 10 points. Price touched the upper band at 2188.0 and the lower band at 2163.0, indicating a volatile yet defined range.
The narrowing of bands during early NY time suggests a potential consolidation ahead.

Volume & Turnover


Volume was concentrated in the 00:00–04:00 ET window, with the heaviest turnover at 01:15 ET (294.06 volume, 636,851.26 JPY). Price and volume aligned during this phase, reinforcing the bearish move. By contrast, volume during NY session hours remained moderate, suggesting weaker conviction among short-term traders.

Fibonacci Retracements


Fibonacci levels drawn from the recent high of 2188 to the low of 2163 indicate key retracement levels at 2178.5 (38.2%) and 2170.6 (61.8%). The current close at 2177.0 aligns with the 38.2% level, suggesting a potential pause or bounce in the near term.

The 2176–2178 range appears to be consolidating, and a breakout in either direction could signal the next leg of the trend. Investors should watch for a potential rebound above 2182–2184 or a breakdown below 2169 as key triggers for the next 24 hours. As always, liquidity and macroeconomic news may override technical signals.