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Summary
• BANDUSDT formed a bullish engulfing pattern after hitting a 24-hour low of $0.33.
• Price tested key resistance at $0.335, with mixed volume confirmation.
• RSI showed overbought conditions, suggesting potential consolidation ahead.
• Volatility expanded in the late ET session, with a 0.3% increase in notional turnover.
• Bollinger Bands narrowed before a sharp move higher at 06:30 ET.
24-Hour Price Movement
Band/Tether (BANDUSDT) opened at $0.332 on 2025-12-28 at 12:00 ET − 1, reached a high of $0.338, and settled at $0.332 by 12:00 ET. The pair traded between $0.33 and $0.338 over the 24-hour window, with a total volume of 207,848.1 and a notional turnover of $69,111.21.
Structure & Formations
BANDUSDT formed a bullish engulfing pattern at the end of the 06:00 ET candle, following a test of intraday support at $0.332. A key resistance level at $0.335 was reached multiple times, with mixed volume signals suggesting partial rejection. A bearish pinocchio pattern appeared briefly at 08:15 ET, but was quickly negated by a rebound.

Moving Averages and Momentum
On the 5-minute chart, the 20-period MA acted as dynamic support, while the 50-period MA remained slightly above the current price. The MACD showed a bullish crossover late in the ET session, indicating renewed short-term momentum. The RSI hit 70+, indicating overbought conditions, and may prompt a pullback in the near term.
Volatility and Bollinger Bands
Volatility increased sharply after 06:30 ET, with the Bollinger Bands widening to accommodate the move toward $0.335. The price closed just below the upper band, suggesting a test of $0.336–0.338 could be on the agenda. A narrowing of the bands earlier in the day hinted at consolidation before the breakout.
Volume and Turnover Analysis
The highest volume occurred at 06:30 ET with 20,872.3 units traded, coinciding with a sharp rebound from $0.334 to $0.336. However, volume during the test of $0.338 was relatively thin, raising questions about strength. Notional turnover peaked during this time at $7,014.50, showing some confirmation of the upward move.
Future Outlook and Risk Note
The price may find direction in the next 24 hours depending on whether $0.335 can hold as support or $0.338 attracts selling pressure. While the momentum indicators suggest a potential pullback, a sustained close above $0.335 could signal a breakout. Investors should watch for a divergence between volume and price action as a cautionary signal.
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