Market Overview for Band/Tether (BANDUSDT)

Summary
• Price consolidated between $0.321 and $0.327 on the 5-minute chart, with a bullish engulfing pattern forming around 09:45 ET.
• RSI showed moderate momentum, remaining within neutral bounds, while volume spiked during the afternoon ET rally.
• Bollinger Bands signaled low volatility in the early hours, with expansion starting post-03:00 ET.
• A 61.8% Fibonacci retracement level at $0.325 appears to act as a key support zone.

Band/Tether (BANDUSDT) opened at $0.323 on December 31, 2025, reached a high of $0.335, and closed at $0.339 as of January 1, 2026. The 24-hour trading volume totaled 1,148,179.3 coins with a notional turnover of $380,205.85.

Structure & Formations

Key support levels emerged at $0.321 and $0.325, with the latter acting as a Fibonacci 61.8% retracement from a prior decline. A bullish engulfing pattern appeared after 09:45 ET, hinting at a potential short-term reversal. A doji near $0.331 in the late afternoon ET indicated indecision amid rising volatility.

Momentum & Volatility

The RSI remained in the 40–60 range, indicating neutral momentum with no overbought or oversold signals. MACD showed a narrow histogram with a bullish crossover just before 07:00 ET. Bollinger Bands narrowed early in the session but began to expand as price action accelerated after 03:00 ET, reflecting rising volatility.

Volume and Turnover

Volume spiked during the afternoon ET rally, particularly around 15:00 ET, when $0.338–$0.339 levels were tested. Notional turnover aligned with volume surges, reinforcing price strength. A divergence between volume and price was observed during the 04:45–05:00 ET range, suggesting caution.

Forward-Looking View

A break above $0.339 could test the next Fibonacci level at $0.344, but a pullback to the $0.325–$0.328 range remains probable. Traders should watch for a confirmation of the bullish engulfing pattern and divergence in volume dynamics over the next 24 hours. As always, volatility remains a risk, particularly if the pair retests key support levels.