Beefy/Tether (BIFIUSDT) 24-Hour Market Overview

Summary
• Price action shows a sharp selloff breaking below key support at $125.
• Volume spikes during the $123.5–$125.5 consolidation suggest possible reversal.
• RSI and MACD indicate oversold conditions, hinting at near-term bounce potential.
• Bollinger Bands show a reversion toward the midline, signaling lower volatility.
• 24-hour turnover remains elevated despite price drop, pointing to active positioning.

BIFIUSDT opened at $127.1 on 2025-11-13 at 12:00 ET, hit a high of $160.2, and a low of $121.1 before closing at $122.3 as of 2025-11-14 at 12:00 ET. Total 24-hour volume was 6,194.65 units, with a notional turnover of $713,622.60. The pair showed a volatile breakdown, breaking below key psychological levels.

Structure & Formations

Price formed a bearish breakdown pattern, with key resistance at $130.5 failing to hold. A strong bearish engulfing pattern developed around 21:30–21:45 ET on the 15-minute chart, confirming the bearish momentum. A potential support zone emerged between $121.1 and $122.4, where the pair consolidated multiple times.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed into bearish territory, with the 20 MA dipping below the 50 MA (death cross). On the daily timeframe, the 50- and 100-period MAs are aligned, with the 200 MA acting as a long-term anchor around $125.3–$126.4.

MACD & RSI

The MACD showed bearish divergence with price during the 21:30–23:00 ET sell-off, with a negative histogram expanding during the breakdown. RSI hit an oversold reading of 25.3, suggesting potential for a rebound or consolidation, though momentum remains bearish in the short term.

Bollinger Bands

Bollinger Bands widened significantly during the 21:45–23:00 ET selloff, signaling increased volatility. Price subsequently retracted toward the mid-band at $126.9, suggesting a potential equilibrium point. Volatility appears to be stabilizing around $122.4–$126.9.

Volume & Turnover

Volume surged during the breakdown to $121.1, particularly between 21:30 and 22:30 ET, with one candle alone contributing $1,965.482 in volume. Notional turnover mirrored the price movement, with a peak at $160.2 but declining sharply as the pair retreated. The volume surge and price drop suggest a short-term bearish exhaustion.

Fibonacci Retracements

Key Fibonacci levels from the $121.1 to $160.2 swing include a 38.2% retracement at $136.0 and a 61.8% retracement at $144.1. The 50% level at $140.6 appears to have acted as resistance during the selloff. Price is currently trading near the 38.2% level on the 15-minute chart, indicating potential support for a rebound.

Backtest Hypothesis

The resistance at $160.2 has persisted since 2022, preventing consistent bullish momentum. Historical price attempts to break above this level have often resulted in sharp pullbacks, reinforcing its psychological and technical significance. The latest data confirms that BIFUSD remains range-bound, with the resistance likely to continue shaping short-term price behavior. If this level is ever breached, it may signal a shift in sentiment or a structural change in market dynamics.

Price may test the $121.1 support in the next 24 hours, with a possible bounce if RSI confirms oversold conditions. However, traders should be cautious of further bearish breakdowns should volume surge again.