Market Overview for Moonriver/Tether (MOVRUSDT)

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Friday, Jan 9, 2026 6:08 pm ET1min read
MOVR
--
USDT
--
Aime RobotAime Summary

- MOVRUSDT rose from $2.671 to $2.733 amid bullish patterns and 12x volume spikes during a 90-minute rally.

- Key support at $2.675 and resistance at $2.745 identified via reversal candles and Fibonacci levels.

- RSI peaked at 69.8 (overbought) while Bollinger Bands widened 18% during final 4.5 hours of trading.

- MACD crossover and 50-period SMA bullish bias reinforced momentum, but $2.715 doji signaled indecision.

- Near-term outlook highlights $2.745 resistance and $2.700 support, with volume divergence monitoring advised.

Summary
• Price advanced from $2.671 to $2.733 amid bullish 5-minute patterns and elevated turnover.
• Key support at $2.675 and resistance at $2.745 marked by volume and reversal candles.
• Momentum suggests overbought conditions as RSI peaked near 70 in late trading.
• Volatility expanded during the final 4.5 hours, with a 5-minute Bollinger Band width increase of ~18%.
• Turnover surged 12x during a 90-minute rally phase, aligning with price strength.

Price and Volume Summary


Moonriver/Tether (MOVRUSDT) opened at $2.671 on 2026-01-08 at 12:00 ET and closed at $2.733 by 2026-01-09 at 12:00 ET. The 24-hour range was $2.656–$2.758. Total volume was 135,547.35 MOVR, and notional turnover reached $365,829.58.

Structure & Formations


A bullish engulfing pattern formed around $2.675–$2.690 early in the session, marking a key support level. A bearish reversal candle at $2.740 in late trading suggested temporary profit-taking. A doji at $2.713–$2.715 reflected indecision near the 61.8% Fibonacci retracement of a prior bullish wave.

Moving Averages and Momentum


The 20-period and 50-period 5-minute SMAs crossed to the upside during the rally, reinforcing the short-term bullish bias. RSI spiked to 69.8 at the close, indicating potential overbought territory. MACD crossed above its signal line near $2.710, with a 5-minute histogram expanding through $2.725.

Volatility and Volume Dynamics


Bollinger Bands widened significantly during the final 4.5 hours of the session, with the price hovering near the upper band for over two hours, suggesting heightened volatility. A sharp increase in turnover (up 12x from earlier lows) confirmed the $2.733 high and reinforced the strength of the move.

Forward Outlook


MOVRUSDT may face near-term resistance at $2.745 and support at $2.700–$2.705 in the coming 24 hours. A break above $2.750 could trigger further momentum, but a failure to hold $2.715 may invite short-term profit-taking. Investors should monitor volume divergence near key levels.