BNB/Tether Market Overview for 24 Hours Ending 12/10/2025

Summary
• Price action shows a bearish 5-minute reversal pattern near $924.
• RSI signals overbought conditions, hinting potential short-term pullback.
• Volatility expanded through 12:45 ET, with volume surging 25% in final 4 hours.
• Bollinger Bands suggest contraction ahead, with price nearing the upper band.
• Fibonacci retracement at 61.8% aligns with key support near $890.

Market Overview

BNB/Tether (BNBUSDT) opened at $922.13 on 12/9/2025 at 12:00 ET and traded as high as $928.0 before closing at $890.36 at 12:00 ET on 12/10. The pair reached a low of $884.53, with total volume of 100,715.7 and turnover of $89,746,375.

Structure & Formations

The 5-minute chart shows a bearish reversal pattern around $924, with a long upper shadow and bearish confirmation in the following period. A deep pullback from the $928.0 peak has created a descending channel, and price has found temporary support near the 61.8% Fibonacci level at $890.

Moving Averages

On the 5-minute chart, the 20-period MA is bearishly positioned below the 50-period MA, confirming a short-term downtrend. Daily moving averages (50, 100, and 200) appear to be aligning with the $890–$900 range, which could provide near-term support or resistance depending on volume confirmation.

MACD & RSI

The RSI reached overbought territory above 65 earlier in the session, followed by a sharp decline, suggesting short-term exhaustion in the bullish momentum. The MACD line crossed below the signal line midday, reinforcing bearish momentum. Both indicators now suggest a potential pause or correction in the near term.

Bollinger Bands

Price has expanded beyond the upper Bollinger Band at one point, indicating increased volatility. Recent price action shows a re-entry toward the upper band, with potential for a pullback toward the mid-band as volatility normalizes.

Volume & Turnover

Volume remained relatively steady until the final four hours, where it surged by approximately 25%, coinciding with a sharp decline from $914 to $886. Notional turnover mirrored this increase, confirming the bearish move. A divergence between price and volume is not observed, supporting the validity of the recent decline.

Fibonacci Retracements

On the 5-minute chart, key Fibonacci retracement levels at 38.2% and 61.8% (around $910 and $890) were tested and held. On the daily chart, the 61.8% retracement level of the recent bearish swing is currently acting as a key support level, offering a potential floor for the next 24 hours.

Market participants may watch for a test of the $890 level, where a bullish rebound could occur if volume confirms strength. Conversely, a break below this level with increasing turnover could signal a deeper correction. Investors should remain cautious as volatility remains high and momentum indicators suggest potential exhaustion.