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Summary
• Price tested key support at 200.0 and rebounded with bullish reversal patterns after a deep selloff.
• Momentum improved midday but remains fragile with RSI hovering near neutral.
• Volatility expanded significantly in the early hours, followed by consolidation in the latter half.
• Volume spiked during the 20:45–22:00 ET selloff, but failed to confirm further downside.
Beefy/Tether (BIFIUSDT) traded between 197.1 and 220.0 over the last 24 hours, opening at 206.6 and closing at 211.7 at 12:00 ET. Total volume amounted to 9,514.99, with notional turnover of 1,996,196.50.
Structure & Formations
The pair tested the 200.0 psychological level and formed multiple bullish reversal patterns, including a 5-minute hammer at 200.9 and a bullish engulfing pattern at 203.0. Resistance appears to have consolidated near 210.1–213.7, with the 213.7 level acting as a potential near-term ceiling.

Moving Averages
On the 5-minute chart, the 20SMA crossed above the 50SMA midday, indicating short-term bullish bias. Daily averages show the 50DMA approaching 209.0 and the 200DMA near 203.5, suggesting a neutral to mildly bullish alignment for the medium term.
MACD & RSI
The MACD turned positive around 03:00 ET, reflecting renewed buying pressure. RSI remained within the 50–60 range, avoiding overbought or oversold levels. However, a divergence between RSI and price during the 20:45–22:00 ET selloff suggests caution.
Bollinger Bands
Volatility expanded significantly in the early hours, with prices reaching the upper band at 220.0. Since 08:00 ET, the price has consolidated near the middle band, indicating a potential exhaustion of near-term momentum.
Volume & Turnover
A sharp increase in volume during the 20:45–22:00 ET sell-off failed to produce a new low, pointing to potential support forming near 201.0. Turnover spiked concurrently with price declines, but the lack of follow-through selling suggests waning bearish conviction.
Fibonacci Retracements
The 61.8% retracement level of the 197.1–220.0 move sits at 208.5, aligning with current consolidation. A break above 213.7 could target 217.5, while a retest of 205.0–203.5 remains the immediate support cluster.
If the 213.7–215.0 range is cleared, the next objective could be 217.5–219.0. However, a pullback to 205.0–203.5 should be closely watched for potential retracement. Traders may want to remain cautious as volatility remains elevated and directional bias is not yet firmly established.
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