Market Overview for Band/Tether (BANDUSDT)

Summary
• BANDUSDT fell to 0.373 amid bearish momentum and declining volume.
• A key 0.382 support was tested twice and held temporarily.
• RSI and MACD indicate weakening bullish conviction and possible overbought relief.
• Volatility expanded in early hours, with a 50–60 basis-point range.
• Fibonacci levels suggest 0.383 as a near-term resistance for a possible bounce.

Band/Tether (BANDUSDT) opened at 0.393 on 2025-12-09 12:00 ET and closed at 0.374 on 2025-12-10 12:00 ET, hitting a 24-hour high of 0.394 and a low of 0.373. Total volume was 818,868.3 trades, and notional turnover reached $301,224.25 (based on volume and average price).

Structure & Formations

The 24-hour OHLCV data reveals a sustained bearish bias, with a key 0.382 level holding on two occasions. A bearish engulfing pattern formed around 2025-12-09 20:30:00 as price dropped from 0.385 to 0.383. A doji formed near 0.376, signaling indecision. Key support appears to be at 0.373–0.375, with 0.383 acting as a near-term resistance based on Fibonacci retracement of the 0.373–0.394 swing.

Moving Averages

On the 5-minute chart, price closed below both the 20 and 50-period moving averages, reinforcing short-term bearish bias. On the daily chart, the 50-period MA appears to be acting as dynamic resistance. While the 100 and 200-period MAs are higher, the cross below 50-period MA raises concern over near-term continuation of the downtrend.

MACD & RSI

MACD turned bearish with a negative crossover and remained below zero for the majority of the 24-hour period. RSI bottomed near 30, indicating oversold conditions, but failed to trigger a bullish bounce.

A weak attempt at a rally in the early hours of 12-10 saw RSI rise only to 48, suggesting waning bullish momentum. Price and momentum diverged slightly in the final hour, raising questions about the sustainability of any near-term bounce.

Bollinger Bands

Volatility expanded in the early hours of 12-10, with a range of 50–60 basis points. Price spent most of the day near the lower band, confirming bearish control. A temporary retest of the mid-band occurred around 0.383 but failed to produce a sustained rebound.

Volume & Turnover

Volume spiked during the early part of the session, particularly in the 02:30–04:00 ET window, but declined sharply after 05:00 ET. Notional turnover peaked around 0.382 with a 54,573.3 volume candle, but subsequent price declines occurred on lower volume, suggesting a lack of conviction in bearish follow-through. A divergence between price action and volume was observed in the final hour.

Fibonacci Retracements

Applying Fibonacci to the 0.373–0.394 swing, key levels include 0.386 (38.2%), 0.383 (50%), and 0.380 (61.8%). The 0.383 level was tested multiple times and could act as a pivot for a potential rebound. On the daily chart, the 0.380–0.390 range appears as a potential area for a countertrend move. Traders may watch for a short-term bounce from 0.373–0.375, but bearish momentum remains intact. A break below 0.373 could target 0.370, with increased risk of a broader downtrend over the next 24 hours. Investors should remain cautious and watch for confirmation of a reversal or continued breakdown.