Summary
• Price declined from 1.41e-06 to 1.39e-06 amid bearish momentum.
• A key support at 1.38e-06 and resistance near 1.41e-06 are defined by recent swings.
• Volume surged during the morning session, but price failed to follow through with strength.
• MACD signaled bearish divergence as price and momentum moved in opposite directions.
• Volatility remained subdued within a narrow Bollinger Band range for most of the session.
Secret/Bitcoin (SCRTBTC) opened at 1.41e-06 on 2026-01-16 at 12:00 ET, reaching a high of 1.43e-06 and a low of 1.35e-06 before closing at 1.4e-06 on 2026-01-17 at 12:00 ET. Total 24-hour volume reached 146,936.0, while turnover was 0.20287949.
Structure & Formations
Price action showed a series of bearish engulfing patterns between 17:00 and 19:15 ET, with a notable breakdown below 1.4e-06. A key support level emerged at 1.38e-06, where price found multiple bids. The 1.41e-06 level appears to act as a dynamic resistance.
Moving Averages and Momentum
The 20-period and 50-period moving averages on the 5-minute chart were bearishly aligned, reinforcing the downward drift. MACD crossed into negative territory and showed bearish divergence as price found a floor but momentum continued to contract. RSI remained below 50 for most of the session, indicating bearish pressure and potential for further consolidation.
Volatility and Bollinger Bands
Volatility was generally low, with price staying within Bollinger Bands for most of the session. A minor expansion occurred around 07:15–08:00 ET as volume surged and price tested the upper band before retreating. This suggests cautious short-term optimism but limited conviction.
Volume and Turnover Analysis
Volume surged during the early morning hours (00:15–02:15 ET) as price tested the 1.38e-06 level. However, the inability to break above 1.4e-06 despite increased volume signaled bearish exhaustion. Turnover also peaked during this period, showing that large players were active at key support levels.
Fibonacci Retracements
Recent swings showed price testing the 61.8% Fib level at 1.4e-06 before pulling back. This suggests short-term resistance remains intact, with potential for a bounce toward 1.41e-06 if buyers re-enter the market.
Market participants may watch for a retest of 1.38e-06 as a key support, while a break above 1.41e-06 could signal renewed bullish momentum. Traders are cautioned to monitor volume for confirmation and be aware of potential bearish follow-through if short-term resistance holds.
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