Market Overview for Big Time/Tether (BIGTIMEUSDT) on 2025-09-26

• Price fell 6.6% on heavy volume after breaking key support.
• RSI and MACD signaled bearish momentum, with RSI below oversold threshold.
• Volatility expanded as price traded within lower Bollinger Band.
• 15-minute chart showed bearish engulfing and long lower shadows.
• Volume surged to 1116927 at the 24-hour close, confirming bearish continuation.

Big Time/Tether (BIGTIMEUSDT) opened at $0.04781 on 2025-09-25 at 16:00 ET and closed at $0.04689 on 2025-09-26 at 12:00 ET, reaching a high of $0.04784 and a low of $0.04568. Total volume for the 24-hour period was 33,248,507 and notional turnover amounted to $1,588,953. The 24-hour price action was marked by a sharp bearish trend and increased volatility.

Structure & Formations

The price declined in a consistent bearish trend over the past 24 hours, forming bearish engulfing patterns and long lower shadows on key 15-minute candles, particularly between 17:00 and 19:30 ET. A strong support level emerged around $0.04650, tested multiple times before breaking decisively lower. Resistance levels at $0.04700 and $0.04780 appear to have failed, suggesting a shift in the short-term balance of power to sellers. A doji formed at $0.04657 during the late morning, signaling indecision before a renewed bearish thrust.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed below key support levels, reinforcing the bearish momentum. The 50-period MA is currently at $0.04672, and the 20-period MA is at $0.04659, suggesting a widening bearish divergence. On the daily timeframe, the price remains below all three key moving averages (50, 100, 200), indicating a longer-term bearish bias.

MACD & RSI

The MACD line remained negative throughout the 24-hour period, with the histogram expanding in bearish territory, especially after 18:00 ET. The RSI confirmed bearish momentum, closing below the oversold threshold of 30 at $0.04689. The indicator has shown a consistent decline, with no sign of near-term bullish reversal. Momentum appears to be accelerating lower, suggesting a continuation of the bearish trend could be likely.

Bollinger Bands

Volatility expanded significantly during the 24-hour period, with the price trading largely within the lower Bollinger Band. The most notable expansion occurred between 17:30 and 19:30 ET, as the price broke below the band and extended lower. The narrowing phase just before 20:00 ET did not lead to a reversal, instead resulting in a continuation of bearish momentum. The bands suggest a period of consolidation is unlikely in the near term.

Volume & Turnover

Volume spiked sharply during the bearish breakdown from key resistance at $0.04780, particularly in the 17:30–18:45 ET timeframe, where it exceeded 1.3 million. The largest individual 15-minute candle by volume was at 2025-09-26 12:45 ET with 1,116,927 units traded. Turnover and volume were highly aligned, confirming the bearish move. A divergence between volume and price action was not observed, suggesting the bearish trend is well-supported by market participation.

Fibonacci Retracements

Key Fibonacci levels on the 15-minute swing from $0.04784 to $0.04568 were tested but rejected. The 38.2% retracement level at $0.04682 held briefly before being broken, while the 61.8% at $0.04626 served as a critical support that was decisively broken. On the daily chart, the price is approaching the 61.8% retracement level from its most recent high of $0.04784, which may offer a final support before a deeper pullback is expected.

Backtest Hypothesis

Applying a backtest strategy that triggers a short entry when a bearish engulfing pattern forms below a key moving average (20-period) and RSI drops below 30, while volume exceeds the 30-day average by 50%, appears well aligned with today's price action. Such conditions were met multiple times during the 18:00–20:00 ET window, and the strategy would have entered short positions with strong confirmation from volume and technical indicators. A stop-loss near the 20-period MA or the most recent swing high at $0.04700 would have preserved capital during potential bounces, while targets would be set at the 61.8% Fibonacci level and beyond.