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

• Price fell from 128.2 to 127.1 before a late rally to 131.5.
• Volatility expanded sharply after 05:45 ET, with a large bullish candle.
• RSI reached oversold levels early, suggesting potential for recovery.

Beefy/Tether (BIFIUSDT) opened at 128.2 on 2025-11-12 at 12:00 ET, reached a high of 132.6, a low of 125.2, and closed at 131.9 by 12:00 ET the next day. Total volume traded over the 24-hour period was 607.26, with a notional turnover of 77,200. The pair exhibited a strong late-day recovery, driven by a large bullish candle at 05:45 ET, where it surged from 130.1 to 131.5.

The 15-minute OHLCV data reveals a bearish morning with several bearish candlestick patterns, including a bearish engulfing pattern early in the session and a long lower shadow at 19:30 ET. These were followed by a steady recovery from the intraday low of 125.2, with price gradually reclaiming prior resistance levels. The late rally appears to have triggered buying interest after the price tested a key support zone near 130.0, suggesting short-term strength.

Momentum indicators showed mixed signals. The RSI bottomed near 25, indicating oversold conditions, and recovered toward neutral territory by the close. MACD crossed back into positive territory near 05:30 ET, aligning with the late rally. Volatility, as measured by Bollinger Bands, expanded significantly in the final three hours of the session, as the price moved from within the bands to outside the upper band by the close. The 20-period moving average on the 15-minute chart crossed above the 50-period line near 06:00 ET, confirming a short-term bullish bias.

Fibonacci retracements from the 125.2 low to the 128.2 high showed price consolidating near the 61.8% level before breaking out. A 15-minute swing from 126.3 to 128.3 also saw price testing the 61.8% retracement at 127.9 and rebounding. These retracement levels may provide additional technical confirmation for potential short-term targets or support levels.

Looking ahead, the near-term bias appears bullish as the price closes above key moving averages and key Fibonacci levels. However, the recovery should be monitored for any signs of exhaustion or bearish divergence in the next 24 hours.

Backtest Hypothesis
A potential strategy could involve entering long positions when RSI turns from oversold (<30) and MACD crosses into positive territory. Given the recent RSI bottom near 25 and a subsequent bullish MACD crossover, these conditions align with an overbought entry signal. A 24-hour holding period from 2022-01-03 onward could be tested to assess the viability of this approach on a valid ticker such as BIFIUSDT. Once a confirmed ticker is provided, we can retrieve the full 14-day RSI history to evaluate the frequency and profitability of such signals.