Beefy (BIFIUSDT) Market Overview: 24-Hour Summary

• Beefy (BIFIUSDT) traded in a tight range today, with a 1.5% gain from 180.6 to 187.5 before consolidating.
• A bullish breakout attempt failed, with a bearish reversal candle at 187.5 suggesting short-term resistance.
• High volatility occurred between 19:45 and 20:00 ET, with a 2.5% intra-candle swing and heavy volume.
• RSI showed overbought conditions at 75, indicating potential for a pullback.
• Bollinger Bands expanded mid-day, signaling increased volatility and potential for a trend continuation or reversal.

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Beefy (BIFIUSDT) opened at 180.6, reached a high of 187.5, and closed at 187.5 by 12:00 ET. Total volume for the 24-hour period was 1,139.25, and turnover was approximately $205,000 (assuming $184 average price).

Structure & Formations

The price of Beefy formed a key resistance level at 187.5, where a bearish reversal candle appeared after a sharp rally. Earlier in the day, a bullish engulfing pattern emerged at 184.3, confirming a short-term breakout. A doji at 186.6 later in the day signaled indecision. The 185.1–187.5 range appears to be a key consolidation zone.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed in a bullish direction around 184.5, reinforcing the early morning momentum. However, as of 12:00 ET, the price closed near the 50-period line, suggesting a potential pause in upward movement.

MACD & RSI

The MACD crossed into positive territory after 17:00 ET, confirming the bullish momentum, but began to flatten by 01:00 ET, hinting at waning bullish strength. The RSI reached overbought territory at 75, indicating a potential pullback to the 185.1–186.2 range could be imminent.

Bollinger Bands

Bollinger Bands expanded significantly around 19:45–20:00 ET, reflecting heightened volatility and confirming the breakout attempt. By the end of the 24-hour period, the price closed near the upper band at 187.5, suggesting a potential test of the upper boundary or a pullback to the middle band.

Volume & Turnover

Volume spiked at key levels: 187.1 (18.7k), 185.1 (11.7k), and 188.2 (65.2k). The largest turnover occurred at 188.2, with 65.2k volume. Price and turnover aligned during the bullish move from 184.3 to 187.5, but diverged slightly after 02:00 ET, when volume dropped despite continued sideways movement.

Fibonacci Retracements

Applying Fibonacci to the 15-minute swing from 184.3 to 187.5, the 61.8% level at 186.4 acted as a key support. The daily swing from 180.6 to 187.5 shows 38.2% and 61.8% levels at 183.9 and 186.2 respectively. Price tested these levels multiple times, with 186.2 showing strong support in the last 12 hours.

The next 24 hours may see a test of the 187.5 resistance level or a pullback toward the 185.1–186.2 range. Investors should monitor for a breakout confirmation or a reversal pattern. As always, volatility remains a key risk, particularly if volume spikes again near key levels.