Market Overview: Internet Computer/Tether (ICPUSDT) 24-Hour Action

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Saturday, Jan 17, 2026 6:21 pm ET1min read
ICP
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USDT
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Aime RobotAime Summary

- ICPUSDT plummeted to $3.964 from $4.277, showing bearish continuation with no reversal signs.

- Surging 01:15–04:45 ET volume confirmed selling pressure as RSI hit oversold 25-level.

- Price remains below $4.12 support with critical $3.89 Fibonacci level looming as next test.

- Bollinger Bands show moderate volatility, with price near lower band reinforcing bearish bias.

Summary
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ICPUSDT
declined from $4.277 to $3.964, showing bearish continuation with no reversal signs.
• Volume surged during the 01:15–04:45 ET period, confirming bearish momentum.
• RSI hit oversold levels near 25, suggesting potential short-term rebound but no reversal confirmation.
• Price remains below key support at $4.12, with Fibonacci 61.8% target at $3.89 looming as a critical test.
• Bollinger Bands indicate moderate volatility, with price near the lower band as of 12:00 ET.

Market Overview


Internet Computer/Tether (ICPUSDT) opened at $4.266 on 2026-01-16 12:00 ET, reached a high of $4.277, a low of $3.941, and closed at $3.964 on 2026-01-17 12:00 ET. Total volume was 2,285,834.09, and notional turnover was approximately $9,129,398.44 over the 24-hour window.

Structure & Formations


Price formed a broad bearish channel on the 5-minute chart, with multiple bearish engulfing patterns evident throughout the session.
The 61.8% Fibonacci retracement level at $3.89 appears to be a critical test ahead, with a possible bounce from the 38.2% level at $4.10 if bulls respond.

Moving Averages


Short-term moving averages (20/50) are bearishly aligned, reinforcing the downtrend. On a daily timeframe, the 200 SMA is significantly above current levels, indicating a long-term bearish bias. Price remains well below all key averages, lacking upside conviction.

Momentum Indicators


The RSI dropped to oversold territory near 25, suggesting potential near-term exhaustion of the bearish move. However, the MACD histogram remains bearish, with a slow but consistent decline in momentum. There is no clear divergence between price and indicators, keeping the bearish case intact.

Bollinger Bands


Volatility has stabilized, with the Bollinger Bands expanding moderately. Price has spent much of the session near or below the lower band, consistent with a continuation of the bearish move. A sustained close above the upper band would be a strong bullish signal but seems unlikely without a structural change in sentiment.

Volume and Turnover


Volume spiked between 01:15–04:45 ET, coinciding with sharp downward moves from $4.10 to $3.97. This confirms selling pressure and reinforces the bearish trend. Turnover closely followed volume, with no notable divergence.

Forward-looking, ICPUSDT could find temporary support at $4.00–$4.05, where a pullback might occur before retesting $3.89. However, a sustained break below $3.95 could trigger further selling into Fibonacci levels. Investors should remain cautious and monitor for signs of a larger bullish reversal, especially if the shows divergence or bullish engulfing patterns develop on higher timeframes.