Market Overview for Moonriver/Tether (MOVRUSDT) – 2026-01-11

Summary
• MOVRUSDT formed a bullish engulfing pattern on the 5-minute chart near $2.671.
• Price tested a key support at $2.66–2.67 multiple times, showing resilience.
• RSI remains in neutral territory, suggesting balanced bullish and bearish momentum.
• Volatility slightly expanded in the final 4 hours, with a 5-minute high of $2.744.
• Turnover exceeded $17.1k at peak, indicating moderate on-chain activity.

Price and Volume Activity

Moonriver/Tether (MOVRUSDT) opened at $2.703 on 2026-01-10 at 12:00 ET, reaching a high of $2.744 before closing at $2.690 at 12:00 ET the next day. Total 24-hour volume was 70,688.11 MOVR, with a notional turnover of $187,952.

Structure and Patterns

A strong bullish engulfing pattern emerged around $2.671 in the early morning hours, signaling a short-term reversal. Key support at $2.66–2.67 held three times, while resistance at $2.744 acted as a ceiling. A doji near $2.702 in the midday session indicated indecision.

Trend and Momentum

20-period and 50-period moving averages on the 5-minute chart converged near $2.695–2.70, suggesting consolidation. RSI remained in the 40–60 range, indicating a balance between buying and selling. MACD showed no clear divergence but remained in a tightening histogram phase, hinting at potential reversal.

Volatility and Bollinger Bands

Bollinger Bands expanded in the late hours of 2026-01-10, reflecting increased volatility after a consolidation phase. Price closed near the middle band, suggesting no extreme deviation.

Fibonacci and Retracement Levels

The recent swing high at $2.744 and swing low at $2.66 formed a key Fibonacci cluster around $2.69–2.71 (38.2% to 50% retracement levels). A breakout above $2.715 may trigger retests of $2.725–2.744.

Moonriver/Tether may continue to consolidate around $2.69–2.71 in the near term, with a potential test of the 61.8% Fibonacci level at $2.675 if bears regain control. Investors should closely monitor the $2.66 psychological support and volume patterns for confirmation of a possible bullish reversal.