Market Overview for Convex Finance/Tether (CVXUSDT)

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Sunday, Jan 18, 2026 5:50 pm ET1min read
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Aime RobotAime Summary

- CVXUSDT surged from $2.15 to $2.33, breaking above $2.25 resistance with strong volume spikes exceeding $115k.

- RSI hit overbought levels near 75 while price tested $2.21–$2.23 support multiple times, forming bullish patterns.

- Volatility expanded via Bollinger Bands, with price near the upper band and Fibonacci levels at $2.27–$2.31 acting as dynamic support.

- Key indicators suggest potential consolidation if RSI drops below 65 and volume declines, signaling short-term correction risks.

Summary
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CVXUSDT
rallied from $2.15 to $2.33 in 24 hours, forming a bullish breakout above key resistance at $2.25.
• RSI surged into overbought territory near 75, while volume spiked to $115k+ in key 5-minute intervals.
• Price tested and retested $2.21–$2.23 support, forming bullish engulfing and inside bars.
• Volatility expanded through Bollinger Bands, with price hovering near the upper band in the final 6 hours.
• Fibonacci levels at 61.8% ($2.27) and 78.6% ($2.31) appear to have acted as dynamic resistance-turned-support.

24-Hour Price and Volume Summary


Convex Finance/Tether (CVXUSDT) opened at $2.19 on 2026-01-17 12:00 ET and closed at $2.289 as of 2026-01-18 12:00 ET. The 24-hour high reached $2.33, while the low was $2.15. Total trading volume amounted to 507,334.46 units, with notional turnover exceeding $115,612.97.

Structure & Formations


Price action on the 5-minute chart showed multiple bullish signals, including a bullish engulfing pattern at $2.21–$2.23 and several inside bars during consolidation. A key breakout above $2.25 on 2026-01-18 14:30 ET marked the beginning of a strong upward leg. The most recent support appears to be at $2.21–$2.23, with resistance forming at $2.27–$2.29.

Technical Indicators

The 20- and 50-period moving averages on the 5-minute chart crossed in favor of bulls, reinforcing the upward bias. MACD showed a positive divergence with a narrowing histogram, but the fast line remains above zero. RSI pushed into overbought territory near 75, indicating potential for a near-term consolidation phase.

Volatility and Bollinger Bands


Volatility expanded significantly in the last 6 hours, with the 20-period Bollinger Bands widening from ~$0.03 to ~$0.08. Price traded near the upper band during the final hours, suggesting high conviction in the upward move. A contraction may be expected after the recent expansion, signaling a potential pause.

Volume and Turnover


Volume surged during the late afternoon and evening ET, with a notable spike of 50,733.47 units at $2.26–$2.29 on 2026-01-18 14:30 ET. Notional turnover also spiked to over $115k during this period. Volume and price action aligned, confirming the breakout rather than indicating divergence.

Fibonacci Retracements


Fibonacci levels derived from the key swing at $2.15–$2.33 showed significant confluence around 61.8% ($2.27) and 78.6% ($2.31), both of which acted as dynamic resistance and then support during the consolidation phase. These levels could now serve as potential price targets or retests in the near term.

Convex Finance/Tether may continue testing key Fibonacci and moving average levels in the next 24 hours, with a possible pullback into the $2.23–$2.27 range likely if momentum wanes. Investors should remain cautious of a short-term correction if RSI fails to stay above 65 and volume declines.