Market Overview for BNB/Tether (BNBUSDT) on 2025-12-18

Summary
• Price formed a bullish engulfing pattern near key support of 836.
• RSI shows oversold conditions, hinting at potential short-term rebound.
• Volume dipped in early morning, but surged midday with price break above 844.

BNB/Tether (BNBUSDT) opened at $843.33 and traded between $831.11 and $853.49 before closing at $845.44 at 12:00 ET. Total 24-hour volume reached 160,920.32 and turnover hit $136,395,475. The pair remains in a tight consolidation phase after a volatile 24-hour session.

Structure & Formations

Price action on the 5-minute chart revealed a bullish engulfing pattern at 836.00, a key support level that held during a midday selloff. This formation, combined with a shallow close above the support, suggests short-term buyers are asserting control. A bearish harami appeared at the session’s peak near 850.00, signaling a potential pause in upward momentum. The 843.00–845.00 range has emerged as a key resistance cluster, with several candles failing to close above it.

Moving Averages

The 20- and 50-period moving averages on the 5-minute chart converged near 844.00, forming a dynamic support-resistance line. The 50-period daily MA sits slightly above 840.00, indicating the pair remains within a larger bullish trend. However, the 200-period daily MA at 835.00 continues to offer technical support for any further downward drift.

MACD & RSI

The MACD line turned negative late morning before flipping positive in the afternoon, reflecting mixed momentum.

The RSI hit 29.5 at the low of 831.11, entering oversold territory and suggesting a short-term bounce is likely. However, the indicator failed to rise above 50, indicating that bullish momentum remains subdued.

Bollinger Bands

Volatility remained compressed in the early hours, with Bollinger Bands narrowing near 840.00. A sharp expansion occurred around 03:00 ET, with price breaching the upper band on a rebound. Current price sits just below the upper band at 849.00, suggesting that upward pressure is being tested for sustainability.

Volume & Turnover

Volume declined sharply in the early morning hours following a sell-off, but surged again after 10:00 ET with the breakout above 844.00. Notional turnover mirrored this pattern, with the largest spikes occurring during the 836.00 support test and the 849.00–850.00 resistance attempt. There were no significant divergences between price and turnover, suggesting the move is backed by active participation.

Fibonacci Retracements

On the 5-minute chart, the 61.8% retracement of the 831.11–853.49 move sits at 841.90, aligning with the 20-period MA. The daily chart’s 38.2% retracement of the recent swing lies near 846.00, which coincided with a key resistance level in the afternoon. Price appears to be testing this level, with a break above it likely to signal a broader resumption of the bullish trend.

BNBUSDT appears poised to consolidate in the 843.00–849.00 range over the next 24 hours, with a test of 850.00 expected if buyers hold above 846.00. Traders should remain cautious of potential pullbacks toward 836.00 if volatility spikes again.