Big Time/Tether (BIGTIMEUSDT) Market Overview: 24-Hour Analysis

• Price action showed a bearish trend with a 1.6% drop over 24 hours.
• Key support tested at $0.0324, with bearish momentum confirmed by RSI and MACD.
• Volatility expanded, with Bollinger Band contraction followed by a breakout.
• Volume surged during the downward leg, signaling distribution.
• No strong bullish candlestick patterns emerged, but a potential rebound near $0.03255 is in play.

Big Time/Tether (BIGTIMEUSDT) opened at $0.03453 on 2025-10-21 at 12:00 ET and closed at $0.03259 the following day, reaching a high of $0.0349 and a low of $0.0321. The total volume traded over 24 hours was 11,656,888 units, with a notional turnover of approximately $384,356. The asset experienced a bearish consolidation, marked by a sharp drop from $0.0349 to $0.0321 in the early hours of 10-22, followed by a modest recovery.

Structure & Formations

The 24-hour chart showed a key bearish breakdown below the critical support level at $0.033, with a subsequent pullback testing the $0.03255–0.0324 zone. A bearish flag pattern formed during the consolidation from $0.033 to $0.03255, indicating exhaustion among buyers. The candlestick formations included a bearish engulfing pattern at $0.0341–0.0331 and a potential bearish harami at $0.0335–0.0328, both supporting the downward bias. No strong reversal patterns emerged in the 15-min timeframe, though a small bullish pinocchio at $0.0323–0.03247 hinted at a possible short-term bounce.

Moving Averages

On the 15-min chart, the 20-period and 50-period SMAs both trended downward, confirming bearish momentum. The price closed beneath both lines, signaling continued selling pressure. On the daily chart, the 50-day and 100-day SMAs were nearly aligned, with the 200-day SMA acting as a significant long-term resistance at $0.0345–0.0348. The bearish crossover (death cross) is in play, suggesting further downside unless buyers re-enter near $0.0324.

MACD & RSI

The MACD line remained below the signal line in negative territory, with bearish divergence evident after the $0.0335–0.0327 drop. RSI dipped into oversold territory at 29 during the early-morning decline but failed to trigger a strong bounce, indicating weak follow-through. RSI remains in neutral to bearish range (below 50), and a close above 55 would be needed to suggest a shift in momentum.

Bollinger Bands

Volatility expanded as the Bollinger Bands widened following the $0.0349–0.0321 move. Price action briefly tested the lower band at $0.0321, confirming the bearish breakout. The contraction observed earlier (before 10-21 19:00) was followed by a sharp expansion, suggesting a potential continuation pattern. A retest of the lower band at $0.0324–0.0321 could be in play over the next 24 hours.

Volume & Turnover

Volume surged during the bearish leg from $0.0349 to $0.0321, peaking at 735,105 units at $0.03247–0.03246, indicating distribution. However, the rebound from $0.0321 to $0.0328 occurred on relatively low volume, suggesting limited conviction. Turnover peaked at $13,127 during the 03:30–03:45 ET session, with volume tailing off during the recovery. The price-volume divergence suggests a lack of strong buyer interest to reverse the bearish trend.

Fibonacci Retracements

Applying Fibonacci to the recent 15-min leg from $0.0349 to $0.0321, key retracement levels include 38.2% at $0.0337 and 61.8% at $0.0333. The price stalled near $0.0333 during the rebound, suggesting potential resistance. On the daily chart, Fibonacci levels for the $0.03481–0.0321 range indicate a potential bounce from the 61.8% level at $0.0331 and a potential retest of $0.0335 as a minor resistance.

Backtest Hypothesis

Given the strong bearish structure and lack of reversal signals on the 15-min chart, a potential backtest strategy could focus on shorting after a confirmed break of key support levels, such as $0.0324 or $0.0321, with a stop-loss placed above the nearest Fibonacci retracement or moving average. A long bias could be considered only after a confirmed close above $0.0335 and a bullish engulfing pattern forms, with RSI breaking above 55. Testing the performance of this strategy from 2022-01-01 to 2025-10-22 would provide insights into its viability, especially given the recent volatility and volume patterns observed.