Market Overview for BNB/Tether (BNBUSDT)

Summary
• Price surged from $898.62 to $918.82 before consolidating near $910.
• High volume and bullish engulfing patterns signaled a strong rebound.
• RSI reached 62, suggesting moderate momentum without overbought conditions.
• Bollinger Bands widened, showing increased volatility.
• Volume spiked to over 10,000 in late trading, confirming buying pressure.

BNB/Tether (BNBUSDT) opened at $898.62 on 2026-01-06 at 12:00 ET and closed at $905.15 on 2026-01-07 at 12:00 ET, with a high of $918.82 and a low of $892.33. Total volume was 67,000, and notional turnover reached $57,750,000 over 24 hours.

Structure and Key Levels

The pair found strong support near $898.50 after a deep selloff to $892.33. A bullish engulfing pattern formed at $899.93–$904.3, confirming a reversal. Resistance is now at $914–$918.50, where price stalled and retraced.

Moving Averages and Momentum

A 20-period 5-minute EMA crossed above the 50-period EMA in early morning trading, suggesting short-term bullish momentum. The MACD line crossed into positive territory, and RSI hovered in the 58–62 range, indicating moderate upward pressure without overbought conditions.

Volatility and Fibonacci Retracements

Bollinger Bands expanded in the late hours of 2026-01-06, reflecting heightened volatility. Price tested the 61.8% Fibonacci retracement level of the $892.33–$918.82 move at ~$908.50, which acted as a key pivot.

Looking ahead, consolidation near $910 may precede a breakout attempt. Traders should watch for a break above $918.50 or a retest of $898.50 for further direction, with caution advised as volatility remains high.