Market Overview for Resolv/Tether (RESOLVUSDT) on 2026-01-18

Summary
• Price surged above 0.0785, testing key resistance with a bullish engulfing pattern at 0.0786–0.0788.
• Momentum remained strong on the 5-minute MACD, with RSI approaching overbought levels above 70.
• Volatility expanded, with Bollinger Bands widening after a consolidation phase below 0.0783.
• Volume surged during the 18:15–20:45 ET window, confirming the breakout above 0.0785.
• A 61.8% Fibonacci retracement level at 0.0782 appeared to act as support during pullbacks.

At 12:00 ET on 2026-01-18, Resolv/Tether (RESOLVUSDT) opened at 0.0785, reached a high of 0.0810, and a low of 0.0761, closing at 0.0783. Total volume for the 24-hour window was 14,765,310.3, with a notional turnover of 1,181,165.9.

Structure & Formations

The pair demonstrated a clear bullish bias during the late afternoon and early evening ET, breaking above 0.0785 with a strong engulfing pattern from 18:30 to 19:00 ET. A key resistance cluster between 0.0786 and 0.0788 was tested and held, but a failed attempt at 0.0809–0.0810 suggested potential near-term limitations. A 61.8% Fibonacci retracement level at 0.0782 provided temporary support during the late-night consolidation.

Technical Momentum and Volatility

The 5-minute MACD showed positive divergence from 18:00 to 21:00 ET, confirming the bullish bias. RSI moved into overbought territory, peaking above 70 during the 19:00 to 20:30 ET window, signaling potential near-term exhaustion. Bollinger Bands expanded during the price breakout, suggesting increased volatility, though a consolidation phase in the early morning ET indicated possible range-bound activity.

Volume and Turnover

Volume spiked sharply during the 18:15 to 20:45 ET period, with over 1.5 million contracts traded in key 5-minute intervals. Notional turnover reached its 24-hour high of ~$118,000 at 20:30 ET, aligning with the price surge. However, volume declined sharply during the 02:00 to 05:00 ET hours, suggesting reduced conviction in the bullish move.

Looking ahead, the price appears poised to test the 0.0790–0.0795 range as the next target zone. A sustained close above 0.0795 could open the door to a retest of 0.0800. Conversely, a pullback below 0.0782 may trigger a correction toward 0.0776–0.0778. Investors should remain cautious of overbought conditions and watch for signs of bearish divergence in the next 24 hours.