Market Overview for Beefy/Tether (BIFIUSDT): 24-Hour Analysis

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Wednesday, Dec 17, 2025 7:34 am ET1min read
BIFI
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USDT
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Aime RobotAime Summary

- Beefy/Tether (BIFIUSDT) dropped 5.1% to 96.8, forming a bearish engulfing pattern with heavy volume during 2025-12-16 18:15-18:30.

- RSI below 30 and declining MACD confirm oversold conditions, while widened Bollinger Bands highlight increased volatility and potential for further downside.

- Key support at 96.8 (session low) and 97.4-97.6 zone faces testing, with 50% Fibonacci retracement at 99.3 acting as a near-term pivot point.

- Strong alignment between price decline and turnover during 100.1-99.5 drop confirms bearish conviction, with risks skewed to the downside in the near term.

Summary
• Price fell sharply from 101.9 to 96.8 on heavy volume, forming a bearish engulfing pattern near the session high.
• Momentum turned negative, with RSI below 30 and MACD declining, suggesting oversold conditions.
• Volatility expanded as Bollinger Bands widened, with a 5% range between high and low.

Beefy/Tether (BIFIUSDT) opened at 101.4 on 2025-12-16 12:00 ET, peaked at 101.9, dropped to 96.8, and closed at 98.9 on 2025-12-17 12:00 ET. Total volume was 1,234.64, and notional turnover amounted to approximately 120,663.

Structure & Formations


A bearish engulfing pattern developed between 2025-1216 18:15 and 18:30, confirming a shift in sentiment. A large bearish candle on 2025-1217 02:15 (98.1–97.6) marked a key support zone at 97.4–97.6. A potential short-term support appears at 96.8, the session low.

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Moving Averages and Momentum


A 20-period 5-minute moving average dipped below the 50-period line, signaling bearish momentum. RSI fell below 30, indicating oversold conditions, but no immediate reversal is confirmed. MACD declined, aligning with the bearish trend.

Volatility and Bollinger Bands


Bollinger Bands expanded significantly as volatility increased. Price closed near the lower band, suggesting potential for a retracement. However, a breakout below the lower band could signal further downside.

Volume and Turnover


Volume spiked during the sharp decline from 100.1 to 99.5 on 2025-1216 18:30. Turnover increased during the same period, confirming bearish conviction. Price and turnover remained aligned, showing no divergence.

Fibonacci Retracements


The drop from 101.9 to 96.8 covers a 5.1% move. A 38.2% retracement target is at 99.0, while 61.8% is near 97.8. Current price is approaching the 50% level (99.3), which could act as a pivot for the next 24 hours.

Price appears to be consolidating near critical support levels. A break below 97.4 could test the next major level at 96.8. Investors should watch for a potential reversal at key Fib levels or a continuation of bearish momentum. Risks remain skewed to the downside in the near term.