Market Overview for Immutable/Bitcoin on 2026-01-16

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Friday, Jan 16, 2026 8:19 pm ET1min read
BTC
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Aime RobotAime Summary

- IMXBTC price fell from 2.91e-06 to 2.77e-06, breaking key 2.81e-06 resistance amid bearish momentum.

- RSI hit oversold 29, MACD turned negative, and volume failed to confirm bullish intent at 09:00–10:00 ET.

- Price traded near lower Bollinger Band post-2.8e-06 breakdown, with 2.77e-06–2.8e-06 likely to face renewed short-term pressure.

- Fibonacci 0.618 support at 2.81e-06 rejected twice, suggesting potential consolidation before further downside risks.

Summary
• Price action on IMXBTC showed a bearish reversal from 2.91e-06 to 2.77e-06 amid mixed volume flow.
• RSI moved into oversold territory near 29, suggesting potential short-term support.
• Volatility expanded with a 2.91e-06 high and 2.77e-06 low, but closing near the mid-range.
• A key 2.81e-06 resistance failed to hold, with renewed bearish momentum post 2.8e-06.
• Volume spiked sharply during the 9:00–10:00 ET session but failed to confirm bullish intent.

Immutable/Bitcoin (IMXBTC) opened at 2.87e-06 on 2026-01-15 12:00 ET, reached a high of 2.91e-06, and closed at 2.8e-06 on 2026-01-16 12:00 ET, with a low of 2.77e-06. Total volume for the 24-hour period was approximately 52,556.51 and turnover was about 0.1469.

Structure & Formations


Price tested and fell below the 2.81e-06 resistance level, which appears to have shifted to a dynamic pivot zone. A bearish engulfing pattern formed during the 09:15–09:45 ET window, signaling potential bearish continuation. A doji at 2.8e-06 near the close suggests indecision, but the 2.77e-06 low shows aggressive shorting.

Moving Averages


The 20-period and 50-period moving averages on the 5-minute chart converged near 2.8e-06, but the price closed below both, indicating bearish momentum. Daily averages (50/100/200) suggest the pair is still within a tight range, with no clear directional bias emerging.

MACD & RSI


MACD turned negative in the final 4 hours, confirming bearish momentum. RSI dropped into oversold territory near 29, suggesting potential for a short-term bounce. However, the lack of strong volume during this move implies caution.

Bollinger Bands


Price traded near the lower Bollinger Band for much of the session, especially after breaking below 2.8e-06. The 2.91e-06 high marked a sharp expansion, but the subsequent pullback suggests increased volatility is likely to persist.

Volume & Turnover


A sharp volume spike during the 09:00–10:00 ET window failed to push price above 2.81e-06, indicating rejection at key resistance. Turnover and volume were positively correlated, but divergence appeared during the final 4 hours, with volume declining despite further price weakness.

Fibonacci Retracements


The 0.382 retracement of the 2.77e-06–2.91e-06 swing held near 2.84e-06, but failed to hold on a second test. The 0.618 level at 2.81e-06 was briefly tested twice and rejected, suggesting it could become a key support area in the near term.

The price may test key support at 2.77e-06–2.8e-06 in the next 24 hours. While a short-term rebound could occur from oversold RSI levels, bearish momentum and volume suggest that any bounce could be short-lived. Investors should watch for a retest of the 2.81e-06 level, but be cautious of continued downside risk if volume remains unconfirmed.