Market Overview for Beefy/Tether (BIFIUSDT) – October 12, 2025

• Price dropped from 150.3 to 145.1 before reversing with a 7.1% rebound.
• Volatility surged during the rebound, with a 165.5 high on rising volume.
• RSI bottomed in oversold territory, suggesting short-term momentum may stabilize.
• Bollinger Bands expanded during the breakout, confirming price re-engagement with key resistance.
• Volume during the recovery was uneven, suggesting mixed conviction among buyers.

Beefy/Tether (BIFIUSDT) opened at 149.4 on October 11 at 16:00 ET and closed at 150.7 on October 12 at 12:00 ET, hitting a 24-hour high of 169.6 and a low of 143.0. The total traded volume was 1,648.38 units, with a notional turnover of $246,915.25. Price action revealed a sharp selloff into oversold territory, followed by a sharp rebound driven by a late-day breakout.

Structure & Formations

The 24-hour price action for BIFIUSDT showed a distinct bearish breakdown into support at 145.1, which was followed by a strong reversal into the 150–153 range. A notable bullish engulfing pattern formed at the close of the 12:00–12:15 ET candle, confirming a reversal. Key support levels held at 145.0 and 143.0, while resistance emerged at 150.0 and 153.0. A long lower wick on the 16:45 candle suggests bearish rejection, while the 08:45–09:00 ET candles show a sharp bullish breakout.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed into bullish alignment late in the session, supporting the late rally. Daily MA levels (50/100/200) were not provided, but the 15-minute MA crossover confirmed a short-term reversal. Price remained above both 20 and 50 SMA for the last four hours, indicating potential for further consolidation above 150.0.

MACD & RSI

MACD turned positive in the last 1.5 hours of the session, showing renewed bullish momentum. RSI recovered from 28 (oversold) to 54, suggesting short-term exhaustion of downward pressure. A bullish divergence formed during the price rebound, with RSI rising while price fell to support, hinting at a potential continuation of the rally.

Bollinger Bands

Volatility expanded during the breakout, with Bollinger Bands widening as price moved from the lower band (143.0) to nearly the upper band (165.5). Price closed near the middle band at 150.7, suggesting consolidation is likely unless a new breakout emerges.

Volume & Turnover

Volume spiked during the 08:45–09:00 ET session, with 477.15 units traded at a high of 169.6—indicating strong buying pressure. Notional turnover followed a similar pattern, peaking during the same period. However, volume during the rebound was uneven, with lower turnover in the final hours, suggesting buyers may be cautious. A divergence between rising price and falling volume in the last hour could indicate a potential pause in the rally.

Fibonacci Retracements

Fibonacci levels from the 143.0 low to the 169.6 high showed price finding support at the 61.8% level (153.8), followed by a pullback to 150.7. On the 15-minute chart, a 7.1% rebound from 145.1 suggested a 61.8% retracement to 151.4, where price paused before consolidating. These levels indicate a potential target range of 150.0–153.0 for the next 24 hours.

Backtest Hypothesis

The provided backtest strategy relies on identifying a reversal after a 7–10% selloff into oversold RSI territory and a 20/50 MA crossover. Over the past 24 hours, BIFIUSDT met these criteria, with RSI hitting 28 and a bullish MA cross forming just before the price rebound. The subsequent 7.1% recovery aligns with the strategy’s expected outcome. A continuation above 153.0 with rising volume would confirm the strategy’s validity, whereas a breakdown below 148.0 would invalidate it. This suggests the strategy may work well for volatile altcoins during high-impact trading hours.