Summary
• Price action declined to 888.51, forming bearish divergences with turnover.
• A sharp 15-minute drop to 885.80 marked a 61.8% Fibonacci retracement level.
• Volume spiked during the 14:45–15:00 ET selloff, confirming bearish momentum.
• RSI moved into oversold territory near 25, suggesting potential short-term bounce.
• Bollinger Bands contracted before the 11:45 ET breakdown, hinting at increased volatility.
Price and Volume Snapshot
At 12:00 ET–1 on 2025-12-14, BNB/Tether (BNBUSDT) opened at 901.36, touched a high of 902.71, and declined to a low of 883.04 before closing at 886.17. Total volume across the 24-hour window reached 68,140.56, with notional turnover amounting to $61,540,398.
Structure and Momentum
The price declined in a bearish fashion, forming a large bearish engulfing pattern during the 14:45–15:00 ET timeframe as BNBUSDT fell below key support at 885.80. The move aligned with a 61.8% Fibonacci retracement of the previous bullish swing.
RSI dipped below 30, entering oversold territory, suggesting potential for a near-term bounce. However, MACD remained bearish with a negative histogram, reinforcing the likelihood of continued selling pressure.
Volatility and Volume Behavior
Volatility expanded significantly during the 11:45–12:00 ET breakdown, with Bollinger Bands widening as price moved below the lower band. Volume surged during the sharp selloff between 14:45–15:00 ET, with volume exceeding 1,635.06 and turnover surpassing $1.45 million. This volume confirmed bearish conviction, contrasting with a lack of buying interest during earlier price corrections.
Key Levels and Outlook
Immediate support appears to be consolidating near the 885.80 level, while 890.00 may act as a near-term resistance. On the 5-minute chart, the 20-period MA crossed below the 50-period MA, signaling bearish momentum. While a technical rebound is possible in the near term due to oversold RSI conditions, the overall structure remains pressured.
Looking ahead, the market may test 885.80 again before the next 24-hour period. Investors should monitor volume behavior and the response to this level. As always, price action remains dynamic and subject to sudden shifts in sentiment.
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