Market Overview: Moonriver/Tether (MOVRUSDT) 24-Hour Technical Summary

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Monday, Jan 12, 2026 6:22 pm ET1min read
MOVR
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Aime RobotAime Summary

- MOVR/USDT fell from $2.694 to $2.548, forming bearish engulfing patterns and testing key support at $2.573.

- RSI indicates oversold conditions near 30, but weak volume during rallies questions reversal strength.

- Price broke below Bollinger Bands at $2.573, suggesting potential continuation toward $2.547 support or temporary consolidation.

- Critical levels at $2.547 (floor) and $2.622 (resistance) will determine near-term direction amid volatile Fibonacci retracement dynamics.

Summary
• Price fell from $2.694 to $2.548, forming bearish engulfing patterns and a deep pullback.
• RSI suggests oversold conditions, but volume remains weak during the rally attempt.
• Volatility expanded through Bollinger Bands, indicating a potential trend continuation or reversal.
• Key support at $2.573 and resistance at $2.622 appear to control near-term sentiment.

Moonriver/Tether (MOVRUSDT) opened at $2.694, peaked at $2.694, and hit a low of $2.547 before closing at $2.548. Total volume reached 39,106.801 MOVR with a notional turnover of $97,922.15.

Structure & Formations


The pair experienced a sharp decline from $2.694 to $2.548, forming multiple bearish engulfing patterns in the $2.63–$2.65 range. A deep retracement suggests a potential test of prior support at $2.573. A bearish doji formed at $2.613, indicating indecision during the attempted rally.

Moving Averages



On the 5-minute chart, the 20-period MA dipped below the 50-period MA, confirming a short-term bearish bias. While the daily MA lines are not visible in the given data, the 5-minute divergence hints at a possible continuation of the downward bias.

MACD & RSI



The RSI bottomed near 30, suggesting the pair may be oversold. However, volume during the attempted bounce was weak, casting doubt on the strength of the reversal. The MACD remained bearish with bearish crossovers, reinforcing the downward pressure.

Bollinger Bands


Volatility widened as the price broke below the lower band at $2.573. The move below this level suggests a possible continuation of the downtrend toward the next key support near $2.547, though a rebound into the band could indicate a temporary consolidation.

Volume & Turnover


Volume spiked during the initial breakdown from $2.66 to $2.63, confirming the bearish momentum. However, volume declined during the attempted recovery toward $2.585, indicating limited buying interest. Turnover remained relatively low throughout the rally, suggesting the move may lack follow-through.

Fibonacci Retracements

The recent pullback from $2.694 to $2.548 hit the 61.8% Fibonacci level near $2.584, where the price found temporary support. A breakdown below the 38.2% level at $2.622 would confirm deeper bearish momentum.

Price may find a near-term floor at $2.547 or face a rebound test of the $2.585 level. However, a breakdown below $2.547 could accelerate the trend lower. Investors should watch for confirmation at these levels and be prepared for increased volatility and potential gaps.