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Summary
• Price action shows a bearish reversal pattern late in the day, with a key 5-minute engulfing candle at 170000 ET-1.
• Volatility surged during the 143000-160000 ET window, coinciding with a sharp drop to 872.23.
• RSI entered oversold territory near the close, hinting at potential near-term recovery.
• Bollinger Bands expanded significantly during the selloff, indicating heightened uncertainty.
• Turnover spiked at the end of the day as price approached 893.65, suggesting renewed buyer interest.
BNB/Tether (BNBUSDT) opened at 897.15 on 2025-12-06 12:00 ET, reached a high of 898.22, a low of 872.23, and closed at 893.65 at 12:00 ET on 2025-12-07. Total 24-hour volume was 22,372.117
, with notional turnover of $19,918,936.75.
The price may test 895.2 (resistance from 220000 ET) and 893.6 (recent support) in the next 24 hours. However, a breakdown below 888.97 could trigger a retest of 884.76. Investors should remain cautious of increased short-term volatility and watch for confirmation of any reversal patterns.
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