Market Overview for iExec RLC/Bitcoin (RLCBTC) on 2026-01-16

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Friday, Jan 16, 2026 12:09 am ET1min read
BTC
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Aime RobotAime Summary

- RLCBTC traded volatile between 6.79e-06 and 6.96e-06 on 2026-01-16, finding support at 6.83e-06 before closing at 6.95e-06.

- Volume spiked to 6,558.2 units during 18:15-18:45 ET as price retested 6.86e-06, but RSI oversold conditions failed to confirm a rebound.

- Bollinger Bands expanded with price breaching both boundaries, while a bullish engulfing pattern at session close suggested potential short-term reversal.

- Fibonacci analysis highlighted 6.90e-06 (61.8% retracement) and 6.95e-06 as key resistance levels amid heightened volatility and contested support/resistance zones.

Summary
• Price found temporary support near 6.83e-06 but reversed higher into the session close.
• Volume surged during the 18:15–18:45 ET timeframe, coinciding with a key 6.86e-06 price retest.
• RSI signaled oversold conditions in the 18:30–19:00 ET window but failed to confirm a rebound.
• Volatility expanded as price ranged between 6.79e-06 and 6.96e-06, breaching prior Bollinger Band boundaries.
• A bullish engulfing pattern emerged at 23:30–23:45 ET, hinting at short-term reversal bias.

At 12:00 ET on 2026-01-16, the iExec RLC/Bitcoin (RLCBTC) pair opened at 6.92e-06, reaching a high of 6.96e-06 and a low of 6.79e-06 before closing at 6.95e-06. Total volume was 13,233.9 units, with a turnover of 0.00906536 BTC in the 24-hour period.

Structure & Candlestick Patterns


Price carved out a volatile range over the 24-hour period, with a key support area forming around 6.83e-06 and a resistance cluster near 6.95e-06. A bullish engulfing pattern emerged at the close of the session (23:30–23:45 ET), indicating a potential short-term reversal. A notable bearish breakdown attempt occurred in the 18:15–18:45 ET timeframe, where price retested the 6.86e-06 level multiple times, failing to break below.

Volatility and Bollinger Bands


Bollinger Bands expanded significantly as volatility increased during the early hours of the session. Price traded near the upper band at 6.96e-06 and briefly touched the lower band at 6.79e-06, reflecting heightened market uncertainty. A contraction in band width was not observed, suggesting no lull in activity.

Momentum and Indicators


The RSI entered oversold territory during the 18:30–19:00 ET window, but price failed to follow through with a strong bounce. The MACD showed a modest positive crossover in the final hours of the session, aligning with the bullish engulfing pattern. However, the signal remains weak given the limited volume accompanying the move.

Volume and Turnover Analysis


Volume spiked during the 18:15–18:45 ET timeframe, reaching 6,558.2 units, as price retested key support. The highest notional turnover occurred during the same period at 0.00504289 BTC. A divergence between price and volume was visible during the 23:30–00:00 ET timeframe, suggesting a lack of conviction in the upward move.

Fibonacci Retracements

Applying Fibonacci retracements to the recent 5-minute swing from 6.79e-06 to 6.96e-06, the 61.8% level (6.90e-06) acted as a temporary resistance. On the daily chart, retracement levels from the prior week’s move suggest key resistance near 6.95e-06 and support near 6.85e-06.

Price may attempt to consolidate above 6.86e-06 in the next 24 hours, but a breakdown below this level could reignite bearish momentum. Investors should remain cautious of potential volatility as key Fibonacci and support levels are closely contested.