Market Overview for Big Time/Tether (BIGTIMEUSDT) on 2025-10-24

• Price surged to a 24-hour high of 0.03383 before consolidating near 0.03301, showing strong intraday bullish momentum.
• Volume spiked significantly during the 4:30–5:45 AM ET window, aligning with a sharp upward move and confirming bullish strength.
• RSI remains above 50 and within overbought territory, signaling sustained buying pressure but potential for near-term correction.
• Bollinger Bands show increased volatility during the rally, with price peaking near the upper band and retracting into the channel.
• A potential bullish continuation pattern emerged in early morning trading, though no confirmed reversal formations were observed in the last 15 minutes.

Big Time/Tether (BIGTIMEUSDT) opened at 0.03262 at 11:59 PM ET on October 23, reached a high of 0.03383, fell to a low of 0.03232, and closed at 0.03301 at 12:00 PM ET on October 24. The pair recorded a total volume of 11,961,170 and a turnover of approximately $391,668 over the 24-hour period. The price exhibited a strong rally in the early morning hours before consolidating mid-day.

Structure & Formations

The 24-hour price action displayed a strong intraday bullish bias, with a clear high-water mark at 0.03383. Key support levels emerged at 0.0326–0.0327 and 0.0324–0.0325, both of which saw price consolidation and buying interest. Resistance was retested at 0.0330–0.0331 and 0.0333–0.0334, with the former holding in the final hours. A potential bullish continuation pattern formed near 0.0330, but no reversal formations were confirmed.

Moving Averages

Short-term 20- and 50-period moving averages on the 15-minute chart crossed in a bullish manner during the 4:30–5:00 AM ET window, confirming the upward thrust. On the daily chart, price closed above the 50-day MA but remains below the 200-day MA, suggesting intermediate-term bullish momentum but a bearish long-term bias.

MACD & RSI

The 15-minute MACD showed a strong positive divergence during the rally, with both the line and histogram expanding in the bullish territory. RSI peaked near 65 and remained above 50 throughout, indicating sustained buying pressure. However, the RSI approaching overbought levels (above 65) suggests a potential pullback may be in the near term.

Bollinger Bands

Price pushed near the upper Bollinger Band during the 4:30–5:00 AM ET rally, indicating heightened volatility and bullish sentiment. In the following hours, it retracted into the channel, with the mid-band acting as a dynamic support line. The contraction and expansion of the bands confirm an active shift in market psychology from cautious to aggressive.

Volume & Turnover

Volume spiked to over 1.7 million during the 4:30–4:45 AM ET period, coinciding with the sharp upward move to 0.03383. Turnover also increased sharply during this time, confirming the strength of the move. Later in the day, volume levels normalized, and turnover declined as the price consolidated, indicating reduced speculative activity and consolidation.

Fibonacci Retracements

Recent swings from the low at 0.03232 to the high at 0.03383 show a 61.8% retracement at 0.03326–0.0333, which coincides with a key resistance level. The 38.2% retracement at 0.03296–0.03297 acted as a temporary support zone during the afternoon. Price action on the daily chart also shows a 61.8% retracement of a larger bearish swing from mid-October to early November, suggesting a potential reversal zone.

Backtest Hypothesis

Given the observed bullish continuation pattern and strong short-term momentum, a backtesting strategy could be built around identifying confirmed Bullish Engulfing patterns in the 15-minute chart of BIGTIMEUSDT. This strategy would involve entering a long position at the close of the engulfing pattern, holding for one day, and exiting at the close of the following session. While the data provider initially had trouble locating the pattern, the recent price action suggests the pair may be entering a phase where such signals are more actionable, particularly if accompanied by above-average volume and MACD divergence. The next step is to confirm the correct exchange symbol for BIGTIMEUSDT to proceed with the backtest from 2022-01-01 to today.