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Summary
• Price action showed bearish bias with a breakdown below 0.2440 support into 0.2427–0.2436 range.
• RSI and MACD signaled weakening momentum with bearish divergence in late-night volume.
• Bollinger Band contraction at 0.2427–0.2436 suggests potential for increased volatility.
• Volume spiked at 0.2427 but failed to confirm a rebound, pointing to potential exhaustion.
• Key support levels at 0.2425 and 0.2412 appear critical for near-term directional clarity.
PundiX/Tether (PUNDIXUSDT) opened at 0.2436 on 2026-01-17 12:00 ET and traded between 0.2425 and 0.2453 before closing at 0.2410 as of 2026-01-18 12:00 ET. The 24-hour volume totaled 53,835.3 units, with a notional turnover of $13,003.62, reflecting heightened bearish participation in the latter half of the session.
Price action showed a clear breakdown from the 0.2440 resistance level after a brief rally from 0.2425–0.2436. A bearish engulfing pattern formed at 0.2442–0.2436, followed by a long lower shadow and weak recovery attempts. The 0.2425–0.2436 range appears to be acting as a consolidation zone after failed bearish tests below that level.
On the 5-minute chart, price settled below the 20- and 50-period moving averages, suggesting short-term bearish control. The 0.2427–0.2436 range aligns with the 61.8% Fibonacci retracement level from the earlier 0.2427–0.2442 swing, suggesting a potential floor if momentum fails.
RSI dropped below 30 after 01:00 ET, signaling oversold conditions, though price failed to rebound meaningfully. MACD turned negative and remained bearish, confirming the weakening trend. Volatility expanded as price moved below 0.2436, with Bollinger Bands tightening around the 0.2427–0.2436 range before a break.
Volume surged to 21,441.7 units at 22:45 ET on the breakdown to 0.2427, but failed to drive price higher on follow-through, indicating potential exhaustion. Turnover confirmed the volume spike, suggesting coordinated selling pressure.

Looking ahead, price may test 0.2425 and 0.2412 as key support levels. A break below 0.2412 could trigger further downward momentum. Investors should monitor for a bullish reversal pattern or a rejection at these levels before considering a short-covering trade. As always, high volatility and liquidity risk remain in play.
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