Market Overview for Enzyme/Tether (MLNUSDT): Volatile 24-Hour Move with Mixed Momentum

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Sunday, Jan 18, 2026 4:53 pm ET1min read
MLN
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Aime RobotAime Summary

- Enzyme/Tether (MLNUSDT) tested $5.02 resistance, forming bearish reversal patterns before retreating to $4.90.

- RSI near 50 and surging volume during $4.90–$5.02 range highlighted mixed momentum amid heightened volatility.

- 61.8% Fibonacci retracement at $4.94 held overnight, aligning with key support as Bollinger Bands widened after 11:30 PM ET.

- Price consolidation between $4.90–$5.02 remains likely, with potential sharp swings due to conflicting technical signals and high volatility.

Summary
• Price tested $5.02 resistance before retreating, forming bearish reversal patterns.
• RSI near 50 suggests neutral momentum, while volume surged during the $4.90–$5.02 range.
• Volatility expanded after 11:30 PM ET as Bollinger Bands widened, reflecting increased uncertainty.
• A 61.8% Fibonacci retracement level at $4.94 coincided with key support, holding during the early morning.

Enzyme/Tether (MLNUSDT) opened at $4.99 on 2026-01-17 at 12:00 ET, peaked at $5.02, and bottomed at $4.90, closing at $4.95 by 12:00 ET on 2026-01-18. The pair traded on a total volume of 48,348.63 and a turnover of $242,187.88.

Structure & Formations


The 24-hour period saw a failed breakout attempt at $5.02, marked by a bearish engulfing pattern around 10:30 PM ET. Price later retested the $4.90 level, where a bullish reversal candle formed. Key resistance appears at $5.01–$5.02, and support is consolidating around $4.94–$4.95.

Technical Indicators



MACD showed a bearish crossover early in the session before returning to neutral territory. RSI remained in the 45–55 range for most of the day, indicating a tug of war between buyers and sellers. Price remained within the Bollinger Bands, with a noticeable widening after 11:30 PM ET, reflecting rising volatility.

Volume and Turnover


Volume spiked during the $4.90–$5.02 range, with the largest turnover concentrated between 10:30 PM and 12:45 AM ET. The volume-to-price divergence suggests indecision.

Fibonacci Retracements

The 61.8% Fibonacci retracement level at $4.94 held strong during the overnight hours, coinciding with a key support zone. A break below $4.90 would extend the pullback to the 78.6% level at ~$4.85, potentially testing liquidity.

Looking ahead,

MLNUSDT
may test $5.02 on a bullish breakout, or consolidate within a $4.90–$5.02 range if risk-off sentiment persists. Investors should remain cautious as high volatility and mixed momentum signals suggest a potential for sharp swings.