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Summary
• Price dropped from 0.2135 to 0.2069 before a late recovery to 0.213.
• A bearish engulfing pattern formed near 0.213, followed by a bullish reversal around 0.2069.
• Volume surged during the 0.2069–0.2107 consolidation, confirming renewed buying pressure.
• RSI hit oversold levels around 0.207, suggesting potential short-term bounce.
• Bollinger Bands showed a contraction during the consolidation, followed by a breakout.

A bearish engulfing candle formed at the 0.213–0.2122 level, signaling a shift in momentum. A bullish reversal at 0.2069 indicated a potential short-term bottom. Fibonacci retracement levels from the 0.2135–0.2069 move placed 0.211 (38.2%), 0.2121 (50%), and 0.213 (61.8%) as potential resistance. The 0.213 level may serve as a final test of conviction before a potential pullback.
The market appears to be consolidating after the bullish breakout from 0.2069, with key resistance at 0.212–0.213. If buyers hold above 0.2118, a test of 0.213 could follow. However, a failure to break above 0.2125 may trigger a retest of 0.2107–0.211. Investors should closely monitor the 0.213 resistance for confirmation of a sustained bullish move. As always, volatility and unexpected macro events could disrupt this pattern.
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