Market Overview for Moonriver/Tether (MOVRUSDT)

Generated by AI AgentAinvest Crypto Technical RadarReviewed byShunan Liu
Sunday, Jan 18, 2026 5:30 pm ET1min read
MOVR
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Aime RobotAime Summary

- MOVRUSDT formed bearish engulfing patterns near $2.62, signaling short-term downside bias after a failed bullish breakout.

- Price tested $2.58 support with weak rebound confirmation, as volume-turnover divergence highlighted fragile buying momentum.

- RSI approached oversold levels at 28 but failed to trigger reversal, with bearish MACD momentum and Fibonacci retracements reinforcing downward pressure.

- Key near-term focus remains on $2.55–$2.57 support and $2.59–$2.60 resistance, with breakdown below $2.55 risking extended selling.

Summary
•

MOVRUSDT
formed bearish engulfing patterns near $2.62, suggesting short-term downside bias.
• Price tested support at $2.58, with mixed volume and turnover confirming weak rebounds.
• RSI approached oversold levels, signaling potential for a near-term reversal, but momentum remains bearish.

Moonriver/Tether (MOVRUSDT) opened at $2.607 on 2026-01-17 at 12:00 ET, reaching a high of $2.629 and a low of $2.538 before closing at $2.582 on 2026-01-18 at 12:00 ET. Total volume amounted to 55,838.395 MOVR, with a notional turnover of $143,000.

Structure & Formations


A bearish engulfing pattern appeared at $2.625, following a bullish breakout. A doji formed at $2.596, indicating indecision at key support. Key resistance levels emerged at $2.61–$2.625, with support near $2.575–$2.585 showing repeated tests and partial rejections.

Moving Averages and Momentum


The 20-period and 50-period moving averages on the 5-minute chart crossed bearishly into the $2.59–$2.60 range. RSI reached 28, suggesting oversold conditions, but momentum remains weak as bearish momentum lines on the MACD show declining bullish energy.

Bollinger Bands and Volatility


Volatility expanded during the early morning hours, with price testing the lower Bollinger band at $2.555–$2.585. A contraction phase preceded the break at $2.575, suggesting a potential reversal, though the trend appears to be extending bearish.

Volume and Turnover Analysis


Volume surged during the break at $2.575–$2.58, but turnover did not confirm the strength of the move. Divergence between volume and price was noted during the bounce from $2.555–$2.56, indicating weak conviction in upward moves.

Fibonacci Retracements


A 61.8% Fibonacci retracement level sat at $2.585, coinciding with recent support. A 38.2% retracement at $2.596 was tested but failed to hold, indicating bearish continuation pressure.

In the next 24 hours, MOVRUSDT may test $2.55–$2.57 as lower support, with a possible pullback to $2.59–$2.60 for short-term buyers. Investors should watch for confirmation of a reversal or break below $2.55, which could trigger further selling pressure.