Market Overview: BIFIUSDT Volatility and Bearish Reversal Signs

Summary
• Price tested $211.6 resistance and pulled back toward $202.0, with key support near $206.
• Volatility expanded after 12:00 ET, with a sharp drop pushing price into a 23.5% range.
• A bearish engulfing pattern formed at the 5-minute $211.1–206.8 level, signaling possible near-term weakness.
• RSI dipped into oversold territory below 30, but volume failed to confirm a strong reversal signal.

At 12:00 ET on 2026-01-15, Beefy/Tether (BIFIUSDT) opened at $203.5, hit a high of $223.5, dipped to a low of $198.0, and closed at $198.4. Total 24-hour volume was 7,281.62 units with $1,384,885.57 in turnover.

Structure & Formations

Price carved a broad range from $198.0 to $223.5, forming a bearish engulfing pattern around $211.1–206.8 after a sharp correction. A key support level appears near $202.0, which held twice during the session.

MACD & RSI

MACD showed a bearish crossover as of 03:45 ET, with negative momentum persisting into the final hours. RSI reached oversold levels below 30 but failed to trigger a strong rebound, indicating caution.

Bollinger Bands

Volatility widened sharply during the late ET session, with price near the lower band as of 14:45 ET. A contraction was seen earlier, suggesting a potential for a breakout or continuation.

Volume & Turnover

Volume spiked during the sharp sell-off after 00:30 ET, with a large block at 00:3000 (1309.419 units). Turnover aligned with price drops, confirming bearish pressure but lacking clear signs of accumulation.

Fibonacci Retracements

A key 61.8% retracement level lies near $208.4 from the $198.0–$223.5 swing. Price has tested this level twice without breaking through, suggesting it may remain a barrier.

The near-term bias appears to be bearish, with price testing key Fibonacci and support levels below $205.0. A close below $198.0 could trigger further downside, though a rebound into overbought territory remains possible. Investors should monitor volume for signs of strength or exhaustion ahead of the next 24-hour period.