Market Overview for Big Time/Tether

Summary
• Price tested key support near $0.0222 before bouncing, forming a bullish morning star pattern.
• RSI shows easing bearish momentum, suggesting a potential near-term reversal.
• Volume surged during the rebound, confirming strength in the $0.0222–$0.0224 range.

At 12:00 ET on 2026-01-11, BIGTIMEUSDT opened at $0.0228, reached a high of $0.02296, and closed at $0.02219, after testing a low of $0.02205. Total 24-hour volume was 16,333,986.0, with notional turnover of $357,117.53.

Structure & Formations

The price action formed a bullish morning star pattern between 23:00 and 00:15 ET, with a strong rebound from the $0.0222 support level. The $0.0224–$0.0226 range appears to act as a consolidating area, with prior resistance turning into dynamic support as buyers re-entered the market during the early morning hours.

Technical Indicators

The RSI moved from oversold territory near $0.02205 back above 30, signaling a potential short-term reversal. MACD showed a narrowing bearish divergence late in the session, followed by a flattening histogram, indicating easing downward pressure.

Volatile and Volume Dynamics

Volatility expanded as the price dropped to $0.02205 before consolidating. The largest single-volume spike occurred at 10:15 ET, with 2,290,394 contracts traded during a $0.02243 close. Notional turnover aligned with volume surges, suggesting genuine buying interest rather than wash trading.

Fibonacci Retracement Levels

The bounce off $0.02205 appears to have aligned with the 38.2% Fibonacci retracement level of the prior $0.02205–$0.02296 swing. A test of the 61.8% retracement near $0.0225 could confirm whether the rebound is gaining traction.

The market may find short-term direction based on how it reacts to $0.0224–$0.0226. Investors should monitor RSI and volume to gauge whether the consolidation leads to a breakout or another pullback. A sudden shift in sentiment could trigger a reversal, so position sizing should remain cautious.