Market Overview: Big Time/Tether (BIGTIMEUSDT)

Summary
• Price dropped from $0.02032 to $0.01998 in early session, forming a bearish engulfing pattern.
• Momentum slowed as RSI entered oversold territory around 0.01998.
• Volatility surged in the 00:15 ET–00:30 ET window with over 1.2M volume.

Big Time/Tether (BIGTIMEUSDT) opened at $0.02021 on 2025-12-21 at 12:00 ET, reached a high of $0.02065, a low of $0.01971, and closed at $0.02008 on 2025-12-22 at 12:00 ET. Total volume was 10,822,613.0, with notional turnover at $216.3K.

Structure & Formations

The price declined sharply in the first few hours, forming a bearish engulfing pattern, followed by consolidation and a minor rebound. Key support appears at $0.01998–0.02003, with resistance at $0.02012–0.02017.

Indicators

The 20-period and 50-period SMAs on the 5-minute chart were bearish, while the daily 50/100/200 SMAs showed a mixed but slightly bearish alignment. MACD turned negative in the early morning, and RSI hit oversold levels around 0.01998.

Volatility & Bollinger Bands

Bollinger Bands expanded during the initial selloff, with price hitting the lower band before bouncing. Volatility remained elevated during the 00:15–01:30 ET window, suggesting active liquidation.

Volume & Turnover

The largest volume spike occurred at 00:15 ET with 1,267,325 units traded, coinciding with a sharp move up from $0.01984 to $0.02053. Volume and price moved in alignment, confirming the short-term bullish reversal attempt.

Looking ahead, a test of the 0.02012–0.02017 resistance level appears likely, with potential for a bullish bounce if buyers step in. However, a break below $0.01998 could extend the near-term downward trend, so investors should monitor volume behavior at key levels.