Market Overview: Biconomy/Tether (BICOUSDT) Gains Momentum in Final Hours of Session

Summary
• Price drifted lower for most of the session, then surged to a 24-hour high near 0.0445.
• A strong bullish reversal emerged in the final hours, with volume surging past 300k at key inflection points.
• MACD crossed above zero during the late uptick, while RSI approached overbought territory, suggesting possible short-term exhaustion.
• Volatility expanded dramatically as BICOUSDT breached upper Bollinger Bands during the final push.
• Fibonacci levels at 0.0445 and 0.0436 appear to be critical for near-term direction.

At 12:00 ET on 2026-01-13, Biconomy/Tether (BICOUSDT) opened at 0.0435, hit a low of 0.0424, and closed at 0.0449, with a high of 0.0450. Total volume for the 24-hour window was 3,764,281.93, while notional turnover reached $163,675.76.

The price structure formed a textbook bullish reversal after a prolonged bearish consolidation, with a key breakout occurring in the last 4.5 hours of the session. The final hour saw a sharp push above 0.0445, coinciding with volume spiking above 300k and price breaking upper Bollinger Bands. A 5-minute double bottom at 0.0435 provided a critical support level before the reversal, with a bullish engulfing pattern confirming the shift in momentum.

On the technical indicators, RSI climbed into overbought territory (above 70) by the close, signaling a potential pullback unless the trend continues with strong volume. The MACD crossed into positive territory late in the session, aligning with the price action. The 20-period and 50-period moving averages on the 5-minute chart were closely aligned during the break, suggesting a rapid realignment of short-term sentiment.

Looking ahead, the immediate resistance is at the 0.0450 level, where the 20-period MA on the 5-minute chart resides, and a break above could target 0.0455. However, traders should remain cautious as the RSI suggests possible exhaustion. If the move proves to be a false breakout, a pullback to 0.0435 could be expected, where support is historically strong.