Market Overview for Big Time/Tether

Summary
• Price surged from $0.02112 to $0.02234, forming bullish engulfing and breakout patterns.
• Momentum picked up in late ET hours, with RSI peaking near overbought territory.
• Bollinger Bands showed expansion, with price staying near the upper band for much of the session.
• Turnover spiked at key resistance levels, confirming strength in price moves.
• 50-period moving average on 5-min chart acted as dynamic support, holding through consolidation phases.

24-Hour Price Action

The BIGTIMEUSDT pair opened at $0.02112 and closed at $0.02221 on 12:00 ET, reaching a high of $0.02234 and a low of $0.02112. Total volume traded was 3,446,429.0, with notional turnover amounting to $76,499.10, indicating heightened interest in the pair.

Structure & Momentum

Price action showed a strong rally in the overnight session, with key support at $0.02112 and resistance at $0.02161 being taken out. A bullish engulfing pattern formed near the $0.02148 level, followed by a breakout over $0.02200. The RSI climbed into overbought territory in the early morning hours, suggesting potential for a pullback or consolidation.

Volatility and Volume

Bollinger Bands expanded in the late ET hours, indicating rising volatility. Price remained near or above the upper band for several hours, reinforcing the bullish bias. Volume was particularly strong between 00:15 ET and 03:45 ET, with the largest turnover spike at $0.02221, confirming price action.

Key Levels and Projections

Fibonacci retracements on the key 5-min swing from $0.02112 to $0.02234 show 61.8% at $0.02190 as a possible support zone.

The 50-period moving average on the 5-min chart has held steady above the 20-period line, reinforcing the uptrend.

The market appears to favor continuation above $0.02221, with a potential test of $0.02234–$0.02240 ahead. However, traders should remain cautious of a retracement toward the 61.8% Fib level or a breakdown beneath $0.02200, which could signal a near-term correction.