Market Overview for Convex Finance/Tether (CVXUSDT)

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Friday, Jan 9, 2026 6:27 pm ET1min read
CVX
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Aime RobotAime Summary

- CVXUSDT rebounded from 1.956 to 2.013, forming a bullish hammer pattern with strong buying interest.

- Volume spiked at the 1.956 low, while RSI rebounded from oversold levels, confirming potential reversal.

- Bollinger Bands contraction and MACD crossover signaled consolidation followed by breakout potential.

- Key resistance at 2.023-2.037 and support at 1.956 highlight critical levels for near-term direction.

- Traders should monitor 2.023 breakout or 1.975 breakdown amid high volatility and macro risks.

Summary
• Price dipped to 1.956 before rebounding to 2.013, forming a bullish hammer near 1.956.
• Volume spiked during the 24-hour low, suggesting potential short-term buying interest.
• RSI bottomed near 30 and rebounded, indicating oversold recovery.
• Bollinger Bands showed tightening before the 2.013 rebound, signaling possible breakout.

24-Hour Price and Volume Summary


At 12:00 ET on 2026-01-09, Convex Finance/Tether (CVXUSDT) opened at 2.013, hit a low of 1.956, and closed at 2.013. Total volume for the 24-hour period was 169,294.64 with turnover of $334,166.41.

Structure & Key Levels

The 5-minute chart showed a sharp decline from 2.03 to 1.956, followed by a strong rebound to 2.013. The 1.956 level acted as a key support, with a bullish hammer pattern forming as buyers stepped in. Resistance appears at 2.023–2.037, with a prior high of 2.041. The 20-period and 50-period moving averages on the 5-minute chart intersected during the rebound, suggesting potential short-term momentum shift.

Momentum and Volatility Indicators


RSI bottomed near 30 during the 1.956 swing and moved back toward the 50–60 range, indicating oversold recovery. MACD crossed into positive territory during the rebound, confirming a potential reversal. Bollinger Bands showed a contraction before the 1.956 low, followed by a sharp expansion as price rebounded, suggesting a period of consolidation followed by breakout potential.

Volume and Turnover Dynamics


The most significant volume spike occurred at 19:30 ET on 2026-01-08, during the 1.956 low, with 28,866.356 volume and $56,736.72 turnover. This suggests accumulation or stop-loss triggering at that level. Volume declined through the 1.97–1.99 range, aligning with the rebound. No significant divergence was observed between price and volume during the rally.

Fibonacci Retracements and Implications


The 5-minute swing from 1.956 to 2.013 saw a retest of the 50% and 61.8% levels (around 1.983–1.987), where price paused before moving toward 2.004. A break above 2.023 could target the 127.2% extension near 2.037, with 2.041 as a prior high. A failure to hold 1.975 could see a retest of the 1.956 support.

Conclusion and Forward Outlook

The rebound from 1.956 appears to have sparked a short-to-midterm bullish bias. While 2.023 and 2.037 represent key resistance levels, a consolidation phase may occur near 1.985–1.993. Traders should watch for a breakout or breakdown in the next 24 hours. As always, volatility remains high, and unexpected macro moves could disrupt current patterns.