Market Overview for Bancor/Tether (BNTUSDT) – January 1, 2026

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Thursday, Jan 1, 2026 6:47 pm ET1min read
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Aime RobotAime Summary

- BNTUSDT broke 0.405–0.406 resistance with rising volume, forming a bullish engulfing pattern near 0.404–0.4065.

- RSI entered overbought territory while Bollinger Bands widened, signaling heightened volatility and potential short-term pullback.

- Final 6-hour volume surge confirmed bullish momentum, with 0.400–0.403 as key support and 0.413–0.415 as next resistance.

- 61.8% Fibonacci level at 0.406 acted as breakout trigger, but overbought conditions suggest 24-hour consolidation remains likely.

Summary
• Price broke above key resistance around 0.405–0.406 on rising volume.
• RSI showed overbought conditions in late hours, suggesting possible pullback.
• Bollinger Bands widened, indicating increased volatility into the new year.
• A bullish engulfing pattern emerged at 0.404–0.4065, supporting further upside.
• Turnover surged during the final 6 hours, confirming bullish momentum.

Market Overview

Bancor/Tether (BNTUSDT) opened at 0.4078 on December 31 at 17:00 ET, and closed at 0.4096 by 12:00 ET on January 1, 2026, hitting a high of 0.411 and a low of 0.3991. Total volume was 198,015.1, and notional turnover was 80,508.05.

Structure and Key Levels


The price carved out a strong bullish trend, breaking above the 0.405–0.406 resistance cluster on increasing volume. A bullish engulfing pattern formed near 0.404–0.4065, signaling a reversal from earlier bearish pressure. The 0.400–0.403 zone appears as a key support area, having held several times during consolidation phases.

Trend and Moving Averages


A strong 5-minute uptrend was supported by the 20-period and 50-period SMAs, which acted as dynamic support levels. The 50-period SMA on daily charts crossed above the 100-period SMA, reinforcing a medium-term bullish bias.

Momentum and Indicators


The RSI surged into overbought territory in the final hours, suggesting a potential pullback. MACD remained bullish with positive divergence, but its narrow histogram hinted at slowing momentum. Bollinger Bands expanded significantly during the last 12 hours, reflecting heightened volatility.

Volume and Turnover


Volume surged notably during the last 6 hours of the session, confirming the price breakout above 0.4065. Turnover aligned with price action, with no major divergence observed. The increased buying pressure at the close suggests strong conviction among market participants.

Fibonacci Retracements


A key Fibonacci level at 0.406 (61.8% retracement) held as support and then turned into a breakout trigger. Further upside may be capped at the 0.413–0.415 level, representing an extended Fibonacci extension from the key December 31 swing.

The market appears to have shifted into a stronger bullish phase, with a clear breakout confirmed by volume and pattern. However, overbought conditions and a narrowing MACD histogram suggest that a short-term consolidation or pullback could occur in the next 24 hours. Investors should closely watch support near 0.405 for signs of strength.