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Summary
• Price tested key resistance at 0.0476–0.0478 before retreating, with bearish divergence on volume.
• RSI showed overbought conditions in the morning, followed by a reversal into oversold territory.
• Volatility spiked during the 9:30–10:45 ET window, with a 5-minute bullish engulfing pattern forming at 0.04762.
• Bollinger Bands narrowed before a sharp rebound, hinting at possible continuation of the bullish bias.
At 12:00 ET January 17, Civic/Tether (CVCUSDT) opened at 0.04633, reached a high of 0.04799, and closed at 0.04742 after hitting a low of 0.04611. Total 24-hour volume was 1,227,221 CVC, and notional turnover amounted to $57,491.
Structure and Key Levels
Price formed a bearish reversal pattern near the 0.0476–0.0478 resistance cluster, with a 5-minute bullish engulfing candle at 0.04762 indicating short-term buying pressure. The 0.0463–0.0465 zone acted as a strong support, where price bounced multiple times during early trading. A descending triangle formation on the 5-minute chart suggests a possible breakdown toward the 0.0460 level if momentum fails to reverse.

Moving Averages and Momentum
The 20-period and 50-period SMAs on the 5-minute chart converged near 0.0474–0.0475, suggesting a narrowing trend. The 50-period MA on the daily chart remained below the 200-period MA, indicating a long-term bearish bias. The MACD turned negative in the early afternoon after a brief bullish crossover, while the RSI pushed into overbought territory at midday before reversing into oversold levels by early evening, signaling exhaustion in both bullish and bearish moves.
Volatility and Volume Signals
Volatility expanded between 9:30 and 10:45 ET, driven by a sharp rebound from 0.04742 to 0.04799. This coincided with a 286% spike in volume compared to prior sessions. Notional turnover increased in line with volume, supporting the authenticity of the price move. However, bearish divergence appeared in the latter half of the session as price continued lower but volume remained muted, hinting at potential exhaustion in the downtrend.
Bollinger Bands and Fibonacci Levels
Bollinger Bands constricted between 0.0467 and 0.0471 early in the session before expanding with a sharp rebound, indicating a potential breakout scenario. Price remained within the upper half of the bands for most of the session, with the 0.0478–0.0479 level aligning with the 61.8% Fibonacci retracement of the key 0.04611–0.04799 swing.
Price may test the 0.0476–0.0478 resistance again in the next 24 hours if bullish momentum resumes. However, the bearish divergence in volume could lead to a pullback toward 0.0470 or lower. Investors should remain cautious of potential range compression if volatility subsides.
Descifrar los patrones de mercado y desarrollar estrategias de negociación rentables en el ámbito de las criptomonedas.

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