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Summary
• Price action shows a bearish trend from 0.01084 to 0.01017 over 24 hours.
• Volume spiked in early morning ET but failed to support a recovery.
• A potential bearish continuation pattern is forming below key resistance at 0.01035.
• RSI is oversold, suggesting limited short-term downward momentum.
• Bollinger Bands show narrowing volatility before a breakout attempt.
24-Hour Market Snapshot
At 12:00 ET on January 18, 2026, Pixels/Tether (PIXELUSDT) opened at 0.01068, hit a high of 0.01084, and a low of 0.01017, closing at 0.01018. Total volume traded over the 24-hour window was approximately 34.3 million, with a notional turnover of about 3,553.5 USDT.
Structure & Key Levels
The price has been pressured lower for the past day, with notable resistance forming at 0.01035–0.01037, where multiple failed attempts to rally were seen. A bearish engulfing pattern emerged after 01:30 ET, followed by a long lower shadow at 05:15 ET that appears to be a potential bullish reversal, though it lacks volume confirmation. A key support level appears to be forming around 0.01017–0.01018.
Trend and Momentum

The 5-minute chart shows the price below both 20 and 50-period moving averages, reinforcing a bearish bias. The MACD crossed below the signal line late on January 17 and has remained in negative territory. The RSI bottomed around 28, indicating oversold conditions, which may offer some near-term support if buyers step in.
Volatility and Divergence
Bollinger Bands have narrowed during the overnight session, suggesting a potential breakout is imminent. The price has hovered near the lower band for most of the 24-hour period, but without a corresponding increase in volume, the move remains weak. Divergence appears in the later 5-minute candles, with price making lower lows but turnover not declining as sharply.
Volume and Turnover
Volume peaked at 6.9 million around 01:00 ET during a failed rally to 0.01044. This suggests distribution at higher levels. However, volume has since thinned, and the final 5-minute candles show low-volume consolidation, indicating a lack of conviction in either direction. Turnover and price action remain aligned, without strong bearish or bullish divergence.
Fibonacci Analysis
Fibonacci retracements drawn from the January 17 high at 0.01084 to the January 18 low at 0.01017 show the current price near the 61.8% level at approximately 0.01028. A breakdown below 0.01017 would test the 78.6% retracement, suggesting a potentially deeper correction.
Outlook and Risk Consideration
The price appears to be consolidating in a tight range near the lower end of the Bollinger Band and 61.8% Fibonacci level. A sustained break above 0.01028 could rekindle short-term bullish momentum, while a close below 0.01017 would reinforce bearish pressure. Investors should monitor volume and RSI for signs of exhaustion or reversal in the next 24 hours.
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