Market Overview for dYdX/Tether (DYDXUSDT)

Generated by AI AgentAinvest Crypto Technical RadarReviewed byShunan Liu
Sunday, Jan 18, 2026 5:15 pm ET1min read
USDC
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Aime RobotAime Summary

- DYDX/USDT tested 0.195-0.2005 resistance before consolidating lower below 0.1945.

- Bearish engulfing pattern and surging volume (5.06M) confirmed bear dominance during 0.2-0.195 decline.

- RSI at oversold 25 suggests short-term rebound potential despite 20SMA/50SMA bearish crossover.

- Price near 0.1945 forms potential support as Bollinger Bands widen and MACD turns negative.

- 61.8% Fibonacci retracement aligns with current level, signaling possible 0.190 test if support breaks.

Summary
• Price tested key resistance at 0.195–0.2005 before consolidating lower.
• Volume surged during the bearish reversal from 0.2 to 0.195, suggesting bear dominance.
• RSI remains in oversold territory, hinting potential for short-term rebound.
• Volatility increased after a consolidation phase, with price breaking below prior support.
• A long lower shadow and bearish engulfing pattern indicate weak bullish conviction.

The pair opened at 0.1994 on 2026-01-17 12:00 ET, reaching a high of 0.2006 and a low of 0.192 before closing at 0.1941 on 2026-01-18 12:00 ET. Total volume amounted to 5,060,339.78, with notional turnover of 987,762.54 USDT.

Structure & Formations


Price encountered resistance at 0.195–0.2005, followed by a bearish engulfing pattern near 0.2 to 0.195. A long lower shadow on a 5-minute candle near 0.1935–0.1945 suggests potential short-term support forming. Key support appears to be consolidating at 0.1925–0.1945.

Moving Averages


On the 5-minute chart, the 20SMA and 50SMA have crossed below recent price action, indicating bearish momentum. On the daily chart, price remains below the 50DMA and 200DMA, reinforcing a longer-term bearish bias.

MACD & RSI


MACD turned negative during the breakdown from 0.2 to 0.195, confirming bearish momentum. RSI remains in oversold territory, currently near 25, suggesting potential for a short-term rebound. However, divergence between RSI and price action is limited, so a strong rebound is not yet confirmed.

Bollinger Bands


Volatility increased as the bands widened following the breakdown, with price trading near the lower band for much of the session. This points to continued bearish pressure and a possible test of the lower boundary.

Volume & Turnover


Volume spiked during the bearish move from 0.2 to 0.195 and remained elevated during consolidation below 0.195. Turnover increased in tandem, confirming bearish conviction. No significant divergence was observed between price and volume during the decline.

Fibonacci Retracements


On the 5-minute chart, price pulled back to the 38.2% level (0.1957) before falling further. On the daily chart, the 61.8% retracement of the most recent leg up aligns with current price near 0.194–0.1945, indicating a potential short-term bottoming level.

Price appears to be consolidating in a bearish channel with key support near 0.1925–0.1945. A break below this level could signal a test of 0.190. However, the oversold RSI suggests a potential bounce may occur in the next 24 hours. Investors should watch for a breakout confirmation or rejection at these key levels.