Market Overview for Nervos Network/Tether (CKBUSDT)

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Friday, Jan 9, 2026 4:41 pm ET1min read
CKB
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Aime RobotAime Summary

- Nervos Network/Tether (CKBUSDT) tested $0.002740 resistance but retreated, showing bearish RSI divergence and failed bullish engulfing patterns.

- Asian session volume spiked at $0.002748 but faded, confirming waning buying pressure amid Bollinger Band expansion around $0.002720.

- 50-period 5-minute MA at $0.002715 reinforced bearish bias, with MACD remaining negative and Fibonacci support at $0.002700 critical for near-term direction.

Summary
• Price tested key resistance near $0.002740 but retreated, forming bearish divergence in RSI.
• Volume surged during early Asian hours but declined later, signaling waning buying pressure.
• Bollinger Bands showed moderate expansion, indicating increased short-term volatility around $0.002710–0.002740.
• A bullish engulfing pattern formed at 03:15 ET, failing to hold, suggesting bearish control.
• 50-period 5-min MA acted as a dynamic resistance near $0.002715, confirming short-term bearish bias.

Market Overview

Nervos Network/Tether (CKBUSDT) opened at $0.002691 on 2026-01-08 at 12:00 ET, reaching a high of $0.002751 and a low of $0.002673 before closing at $0.002694 on 2026-01-09 at 12:00 ET. The pair recorded a total trading volume of 73,058,977.0 USDT and a notional turnover of $203,792.00 over the 24-hour period.

Structure & Formations

Price action revealed a strong bearish divergence in RSI during the early part of the day, despite a temporary break above $0.002740.

A failed bullish engulfing pattern near $0.002715 suggested bearish control, especially as the 50-period 5-minute moving average acted as resistance. Fibonacci retracements highlighted key support at $0.002700 and resistance at $0.002735, where price struggled to hold.

Moving Averages and Momentum

The 50-period 5-minute MA reinforced bearish bias by acting as a ceiling at $0.002715. RSI peaked at overbought levels near $0.002740 before declining, hinting at waning upside momentum. MACD remained in bearish territory, with a weak positive crossover failing to hold, signaling ongoing downward pressure.

Volatility and Bollinger Bands

Bollinger Bands expanded during the Asian session, reflecting heightened volatility around $0.002720. Price spent much of the 24-hour window within the upper and lower band range, with a temporary touch at the upper band failing to confirm a breakout.

Volume and Turnover

Volume spiked during the early morning hours, peaking at $0.002748 as price moved above key resistance, but faded later in the session. Turnover followed a similar pattern, with a divergence between rising price and falling turnover hinting at weakening conviction.

Nervos Network/Tether may face continued downward pressure in the near term, with key support at $0.002700 to watch. Investors should remain cautious about short-term volatility and potential retests of recent highs if buying interest returns.