Market Overview: Band/Tether (BANDUSDT) on 2025-12-21

Summary
• Price dropped from 0.326 to 0.314, forming bearish reversal patterns late in the session.
• Volume surged near lows but failed to confirm a strong reversal, suggesting indecision.
• RSI indicates oversold conditions, with Bollinger Bands tightening near session lows.
• Turnover spiked during the 15:45–16:00 ET window as price bottomed near 0.311.

Band/Tether (BANDUSDT) opened at 0.325 on 2025-12-20 at 12:00 ET, traded to a high of 0.326, a low of 0.311, and closed at 0.314 by 12:00 ET on 2025-12-21. Total volume reached 356,472.8, with notional turnover of $110,963.

Structure & Formations

Price experienced a sharp selloff beginning around 13:00 ET, falling from 0.323 to 0.311. . A bearish engulfing pattern formed at the session low around 14:00 ET, signaling short-term bearish bias. A bullish reversal failed to materialize at 0.311–0.313, with a small doji indicating hesitation among buyers. Key support appears to be near 0.311, with resistance forming at 0.321–0.323.

Moving Averages

On the 5-minute chart, the 20-period MA crossed below the 50-period MA (death cross), confirming bearish momentum. On the daily chart, the 50-period MA is slightly above the 100-period MA, suggesting medium-term bearish bias. The 200-period MA sits well above current price, reinforcing the bearish trend.

MACD & RSI

The MACD turned negative during the selloff and remained below the signal line, pointing to declining momentum. RSI bottomed at 28–30 in the final 2 hours, indicating oversold conditions but without clear reversal confirmation. A closing above 0.318 could signal short-term stabilization.

Bollinger Bands

Volatility expanded during the sell-off, with price hitting the lower band at 0.311. The bands have since contracted slightly, suggesting a potential pause in the downtrend. A break above the midline of the bands could signal a short-term rebound.

Volume & Turnover

Volume surged to 35,607.1 at the 14:00 ET candle as price hit 0.311, indicating strong selling pressure. Notional turnover spiked to $10,940.3 during that period. Volume remained elevated during the bounce from 0.311–0.314 but lacked confirmation of a reversal.

Fibonacci Retracements

On the 5-minute chart, price found support at 0.314 (61.8% retracement of the 0.326–0.311 drop). On the daily chart, the 61.8% retracement level aligns with the 0.313–0.314 range, suggesting potential for a short-term bounce or consolidation before further downward movement.

In the next 24 hours, BANDUSDT may test the 0.311 level again or consolidate between 0.314–0.318. Traders should watch for a confirmed breakout or breakdown on volume to assess trend continuation or reversal. Volatility remains elevated, increasing the risk of erratic price swings.