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Summary
• Price action showed a sharp drop followed by consolidation near key support levels.
• RSI signaled oversold conditions, suggesting potential for a short-term bounce.
• Volatility expanded during early ET hours before narrowing, indicating mixed sentiment.
• Volume spiked during the decline but waned in the latter half, pointing to waning bear pressure.
• A bullish engulfing pattern appeared near 0.04576, hinting at possible short-term reversal.
Civic/Tether (CVCUSDT) opened at 0.04716 (12:00 ET − 1), reached a high of 0.04716, a low of 0.04496, and closed at 0.04575 (12:00 ET). Total 24-hour volume was 13,587,118.0 and turnover amounted to 596,235.18 USDT.
The 24-hour chart for Civic/Tether showed a broad bearish trend, with a sharp decline from 0.04716 to 0.04496 before consolidating near 0.04576–0.04582. Key support levels were identified near 0.04576 and 0.0455, where price found temporary buying interest. The 5-minute chart displayed bearish momentum, with the 20-period moving average (0.04607) below the 50-period (0.04635), indicating a short-term bearish bias.
Structure and Candlestick Formations
A bullish engulfing pattern emerged near 0.04576 on the 5-minute chart, suggesting a potential reversal after the sharp decline. This level coincided with a prior support zone from the previous day’s trading. A doji formed at 0.04534, indicating indecision. The 0.04576 level appears to be a critical area for near-term direction, with 0.0455 and 0.04582 as potential next targets.

Momentum and Volatility
RSI bottomed near 28 during the decline, signaling oversold conditions, which may support a near-term rebound. MACD turned negative and remained below the signal line, aligning with the bearish momentum. Bollinger Bands expanded during the drop, with price near the lower band for much of the session. As the bands began to contract after 23:00 ET, it signaled a potential shift in volatility.
Volume and Turnover Dynamics
Volume surged during the bearish wave from 0.04689 to 0.04496 but declined during the consolidation phase, suggesting weakening bear pressure. Turnover aligned with volume, peaking at 33,171.59 USDT during the sharp drop. Divergence between price and volume was not observed, indicating a relatively consistent bearish narrative.
Forward-Looking Observation and Risk Consideration
Price appears to be consolidating near 0.04576–0.04582, where a potential short-term bounce could unfold. However, a break below 0.0455 could trigger a test of 0.04533, with further downside risk to 0.04510. Investors should monitor the 0.04582 level for confirmation of a near-term reversal. Volatility could pick up if buyers re-enter the market.
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