Market Overview for Illuvium/Tether (ILVUSDT)

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Friday, Jan 16, 2026 12:13 am ET1min read
ILV
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Aime RobotAime Summary

- ILVUSDT formed a bearish engulfing pattern near 5.94-5.92, signaling short-term weakness after breaking below the 20-period MA.

- RSI entered oversold territory at ~5.85-5.87 while Bollinger Bands contracted post-03:45 ET, hinting at a potential near-term breakout.

- Surging 19:00-21:00 ET volume confirmed bearish momentum as 61.8% Fib support at ~5.88 held twice with weakening conviction.

- Price consolidation near 5.91-5.92 suggests a likely downside breakout, with 5.83 emerging as the next critical support level.

Summary
•

ILVUSDT
formed a bearish engulfing pattern around 5.94–5.92, signaling potential short-term weakness.
• Price broke below the 20-period MA, with RSI entering oversold territory, hinting at a pause in the decline.
• Bollinger Bands showed increasing contraction after 03:45 ET, suggesting a possible breakout in the near term.
• Turnover surged during the 19:00–21:00 ET session, confirming bearish price action with no divergence.
• 61.8% Fib retracement at ~5.88 offered initial support, which held twice but with waning bullish conviction.

Illuvium/Tether (ILVUSDT) opened at 6.05 on 2026-01-15, reaching a high of 6.08 before closing at 5.92 by 12:00 ET on 2026-01-16. The pair traded between 5.83 and 6.08, with a total volume of 24,509.88 and turnover of 148,315.33 USD over the 24-hour period.

Structure & Formations


The 5-minute chart shows a bearish engulfing pattern forming around the 5.94–5.92 level, confirming a shift in sentiment from bullish to bearish. A doji appeared at 23:45 ET around 5.91, suggesting indecision ahead of the overnight decline. The 5.88 support level acted as a temporary floor twice, but the second test saw weaker buying, hinting at eroding conviction.

Moving Averages & Momentum



Price spent much of the session below the 20-period MA, with the 50-period MA also crossing below key resistance at 5.94. RSI entered oversold territory around 5.85–5.87, indicating a potential short-term bottoming process. MACD remained bearish but showed a slight flattening, suggesting momentum may be losing steam.

Bollinger Bands & Volatility



Volatility showed a clear contraction from 03:45 ET onward as price consolidated within a tightening range near the 5.91–5.92 zone. This suggests a higher probability of a breakout or breakdown in the next 24 hours, likely to the downside given the RSI and pattern context.

Volume & Turnover

Volume spiked significantly during the 19:00–21:00 ET session as the price broke below 5.94–5.92. Turnover mirrored this with a sharp rise during the bearish breakdown, reinforcing the validity of the move. No divergence between volume and price was observed, which adds credibility to the current bearish trend.

Fibonacci Retracements


The 61.8% Fib retracement level at ~5.88 served as a key support, but the price failed to close above it on the second test. This suggests bearish exhaustion could continue unless a strong reversal occurs from this level.

Price may test the 5.83 low again in the next 24 hours, but overbought short selling could trigger a bounce. Investors should remain cautious of consolidation patterns and wait for a clear breakout before committing to new positions.