Big Time/Tether Bounces — But RSI Signals Possible Pullback

Summary
• Price rallied from 0.0149 to 0.01547, with key resistance at 0.0153–0.01545.
• Volume surged past 1.2M, confirming strength in 0.0152–0.01535 range.
• RSI hit overbought levels, suggesting possible near-term correction.
• Bollinger Bands showed expansion, indicating rising volatility.
• A bullish engulfing pattern formed at 0.0152–0.01526 at 22:00 ET.

The pair opened at 0.0152, reached a high of 0.01553, and closed at 0.01494 by 12:00 ET. Total volume hit 7.6 million units, with turnover reaching 114,000 USDT. Price action shows a sharp rebound after early dip, with bullish momentum and high volatility suggesting further short-term swings.

Structure & Formations

The 24-hour chart highlights a key bullish engulfing pattern near 0.0152–0.01526 after a sharp sell-off from 0.01526 to 0.01505. The pair appears to have found support at 0.0151 and 0.01505, with 0.01494 becoming a new short-term floor. Resistance levels to watch are 0.01523 and 0.01533, with a prior high at 0.01548 acting as a critical threshold for further upside.

Moving Averages

On the 5-minute chart, the 20-period MA is above the 50-period MA, reinforcing bullish momentum. On the daily chart, the 50-period MA has begun to cross above the 200-period MA, which may suggest a longer-term bullish setup if it holds.

MACD & RSI

The MACD showed a bullish crossover around 02:00 ET, coinciding with a sharp rebound. However, RSI hit overbought territory above 70 by 04:30 ET, indicating possible exhaustion. A pullback to 0.0151 or 0.0149 may test the sustainability of the recent rally.

Bollinger Bands

Volatility expanded after 01:00 ET as price moved out of a tight range, with bands widening from 0.0149–0.0152 to 0.01488–0.01553. Price remains within the bands, but the upper band at 0.01553 will be key to avoid another pullback.

Volume & Turnover

Volume spiked to 1.2M at 02:15 ET and 06:15 ET, aligning with price rebounds. Turnover spiked during these periods, confirming the strength of the buying pressure. However, divergence appears at 07:00 ET as price fell to 0.01496 with decreasing volume.

Fibonacci Retracements

A key 61.8% retracement level of the 0.01553–0.01488 swing is at 0.01519, which was briefly tested but not held. The 38.2% retracement at 0.01529 provided temporary resistance. A break above 0.01525 could target the 0.01533 and 0.01541 levels.

Big Time/Tether appears to be in a short-term bullish phase, with key support at 0.01495 and resistance at 0.0153. While the MACD remains positive, the overbought RSI suggests a possible pullback in the near term. Investors should monitor the 0.01525 level for confirmation of further upside, but volatility remains high and positions should be managed with caution.