Summary
• Price traded in a narrow range between $0.00301 and $0.00306, showing consolidation.
• A large-volume candle at 22:15 ET triggered a short-term pullback.
• RSI remains in neutral territory, with no clear overbought or oversold signals.
• Volatility expanded briefly in the early morning hours.
BENQI/Tether (QIUSDT) opened at $0.00306 on 2025-12-29 at 12:00 ET and closed at $0.00303 on 2025-12-30 at 12:00 ET, with a high of $0.00306 and low of $0.00296. Total 24-hour volume reached ~7.1 million units, while turnover hit approximately $19,165.
Structure & Candlestick Patterns
The price action remained in a tight range for most of the 24 hours, with support forming near $0.00301 and resistance near $0.00306. A bearish engulfing pattern at 22:15 ET triggered a downward correction. Later in the session, multiple doji formed near $0.00303, suggesting indecision.
Moving Averages
On the 5-minute chart, the 20-period and 50-period moving averages remained closely aligned, reflecting the consolidation. Daily moving averages (50, 100, 200) are not clearly defined over a single day, but the 50-day MA appears to sit just above the 12:00 ET close.
Momentum & Volatility
MACD showed a weak bearish crossover in the late evening session, coinciding with the large-volume candle at $0.00304. RSI hovered between 35 and 65, with no overbought/oversold extremes. Volatility, as measured by Bollinger Bands, expanded slightly after 02:45 ET, suggesting a potential shift in trend direction.
Volume & Turnover
Turnover surged at 22:15 ET with a single candle accounting for over 9% of the day’s total volume. However, price failed to follow through decisively. Divergence between price and turnover suggests mixed conviction.
Fibonacci Retracements
On the 5-minute chart, the pullback after the 22:15 ET high tested the 38.2% retracement level of the earlier $0.00306 to $0.00302 move. No clear Fibonacci levels appear to be holding on the daily chart.
Price may test key support near $0.00301 in the next 24 hours if the current range breaks. Investors should monitor for a clear break above $0.00306 or below $0.00301 for directional signals, though increased volatility could bring unpredictable swings.
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