Market Overview for Conflux/Tether (CFXUSDT): 24-Hour Technical Summary

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Friday, Jan 16, 2026 9:57 pm ET1min read
CFX
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Summary
• Price declined to 0.0741 on a bearish engulfing pattern near 0.075.
• Volume surged over 1.5 million near the 0.0751 pivot, confirming downward momentum.
• RSI signaled oversold conditions, suggesting a potential short-term bounce.
• Bollinger Bands contracted early, then expanded as volatility spiked post-15:30 ET.
• Turnover diverged from price at 0.0764, signaling weakening buying pressure.

Conflux/Tether (CFXUSDT) opened at 0.0767 on January 15, 2026, at 12:00 ET-1, and traded between 0.0767 and 0.0772 before closing at 0.0764 on January 16 at 12:00 ET. Total volume reached 19.67 million, with turnover of $1.5 million.

Structure and Patterns


Price action on the 5-minute chart revealed a bearish engulfing pattern forming around 0.075, confirming a key shift in sentiment. A strong bearish breakout occurred after 15:30 ET, breaking below critical support at 0.0751. A 61.8% Fibonacci retracement level from the 0.0767–0.0772 swing acted as resistance early in the session before price broke below.

Momentum and Volatility

The RSI dipped below 30 in the final hour, suggesting oversold conditions, but a reversal signal may still need confirmation. MACD lines remained negative throughout, with bearish divergence observed in the final hour. Volatility spiked post-15:30 ET as Bollinger Bands expanded from a prior contraction, aligning with the price drop below 0.075.

Volume and Turnover


Volume surged to over 1.5 million at the 0.0751 level, reinforcing the breakdown. However, turnover diverged from price strength at 0.0764, indicating weaker conviction in the 0.0766–0.0769 range. A large-volume candle at 0.0751 marked a significant pivot point, with price failing to retest it meaningfully afterward.

CFXUSDT may find near-term support at 0.0741, the recent low, with a potential bounce into the 0.075–0.076 range. A break below 0.0743 could accelerate the decline. Investors should monitor volume for confirmation of any reversal attempt.