Market Overview for BNB/Argentine Peso (BNBARS)

Summary
• BNBARS declined over 24 hours, with key support tested around 1,347,730.
• Volatility spiked mid-day, with price bouncing within Bollinger Bands.
• RSI signaled oversold conditions late in the session, hinting at possible short-term bounce.
• Volume remained moderate, with no divergence seen between price and turnover.
• A bearish engulfing pattern formed near the session’s high, supporting bearish bias.

At 12:00 ET on January 3, 2026, BNB/Argentine Peso (BNBARS) opened at 1,364,622, reached a high of 1,372,935, and closed at 1,350,033 after touching a low of 1,347,730. The pair traded on a 24-hour volume of 6.577 BNB and a notional turnover of approximately 8,868,842.57 ARS.

Structure & Formations

The candlestick pattern formed near the session high (1,372,935) was a bearish engulfing candle, signaling potential short-term bearish momentum. Key support was identified around the 1,347,730 level, where the price found a floor twice. Resistance remains intact at 1,365,000, with price failing to retest it after midday.

Moving Averages

On the 5-minute chart, the 20-period MA hovered just below the 1,355,000 level, while the 50-period MA crossed below it during the midday decline, reinforcing the bearish tone. On the daily chart, the 200-period MA sits significantly lower, indicating a longer-term bearish bias.

MACD & RSI

The MACD remained negative for most of the session, with a small positive crossover late afternoon failing to drive the price higher. RSI dropped below 30 for over an hour, suggesting short-term oversold conditions that may lead to a bounce. However, momentum appears to be waning given the delayed response.

Bollinger Bands

Volatility expanded mid-morning before contracting during the late afternoon. The price remained within the Bollinger Band range for most of the session, with a brief touch of the lower band suggesting potential support at 1,347,730.

Volume & Turnover

Volume and turnover remained in line with price action, with no divergence seen during the decline. The most significant 5-minute volume spike occurred at 17:30 ET on January 2, with over 1.729 BNB traded.

Fibonacci Retracements

A key 61.8% Fibonacci retracement level at 1,360,000 held through most of the session, preventing a deeper rebound. A 38.2% retracement at 1,356,000 was briefly tested but failed to hold, supporting the view that the trend remains bearish.

The price may test 1,347,730 again in the near term, potentially triggering a small bounce if volume picks up. However, without a strong reversal pattern or a breakout above 1,365,000, further downside could follow. Investors should monitor the 20-period MA and watch for any divergence in RSI or MACD.