Market Overview for Bancor/Tether (BNTUSDT) – 2026-01-14

Summary
• Price surged above $0.4470, breaking prior resistance with a bullish breakout pattern.
• Volatility spiked after 22:00 ET, with volume surging over 35,000 BNT.
• RSI shows overbought conditions, hinting at a potential near-term correction.
• Bollinger Bands expanded, confirming the recent price acceleration.
• Turnover and price moved in alignment, indicating strong institutional follow-through.

Bancor/Tether (BNTUSDT) opened at $0.4273 on 2026-01-13 at 12:00 ET, hit a 24-hour high of $0.4535, and closed at $0.4518 on 2026-01-14 at 12:00 ET, with a low of $0.4273. Total volume reached 319,467 BNT, and turnover amounted to approximately $144.59 million.

Structure and Formations

Price developed a strong ascending triangle pattern on the 5-minute chart, with a clear breakout above $0.4470 into new territory.

This was confirmed by a high-volume bullish engulfing candle at 22:15 ET, breaking key resistance. Subsequent price action showed consolidation in a tighter range, suggesting a potential pullback or sideways consolidation before the next move. A notable bearish doji appeared at 04:45 ET, hinting at temporary exhaustion.

Moving Averages

Short-term momentum appears to be intact, with the 20-period and 50-period moving averages on the 5-minute chart showing a bullish crossover and positive divergence. Daily moving averages are not provided, but given the 24-hour context, the uptrend appears to be supported by both intermediate and fast-moving averages.

MACD and RSI

MACD showed a strong bullish signal during the late evening surge, with a positive crossover and increasing histogram. RSI reached overbought territory (above 70) during the final hours of the 24-hour period, suggesting caution for near-term traders. While this does not necessarily signal a reversal, it indicates that further gains may require consolidation or a pullback before continuing higher.

Bollinger Bands

Bollinger Bands expanded significantly during the breakout phase, reflecting increased volatility. Price moved well above the upper band, suggesting strong conviction in the bullish move. The bands have since started to contract slightly, indicating a potential phase of consolidation or a pause in the momentum.

Volume and Turnover

Volume spiked dramatically during the late-night and early-morning hours, particularly at 22:15 ET, where 35,799.3 BNT changed hands, and again at 09:30 ET. Turnover aligned with these volume spikes, indicating strong institutional or large-cap liquidity participation. The alignment of volume and price suggests confirmation of the bullish move rather than divergence or fake breakouts.

Fibonacci Retracements

Applying Fibonacci to the recent 5-minute swing, the $0.4470–$0.4535 range shows a key 61.8% retrace level near $0.4496, which has acted as a support and trigger for further buying. A potential correction could test the 38.2% retrace level near $0.4464, with a possible rebound or continuation depending on order flow and sentiment.

Looking ahead, Bancor/Tether may test the 0.4464–0.4496 range for consolidation before attempting another leg higher. Traders should watch for order flow divergence and RSI divergence to gauge if the overbought conditions are resolved. As always, market volatility remains a risk, and sudden corrections or spikes are possible with low-liquidity events.