Market Overview for BNB/Tether (BNBUSDT)

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Wednesday, Jan 7, 2026 1:12 pm ET1min read
BNB
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Aime RobotAime Summary

- BNB/USDT surged to $918.82 on 2026-01-06, consolidating near $910 amid high volume and bullish engulfing patterns.

- RSI at 62 and widened Bollinger Bands signaled moderate momentum with increased volatility, confirmed by late-session volume spikes over 10,000.

- Key support at $898.50 and resistance at $914–$918.50 were tested, with 61.8% Fibonacci retracement (~$908.50) acting as a pivotal level.

- Traders anticipate a breakout above $918.50 or retest of $898.50, with caution advised due to persistent high volatility and mixed technical signals.

Summary
• Price surged from $898.62 to $918.82 before consolidating near $910.
• High volume and bullish engulfing patterns signaled a strong rebound.
• RSI reached 62, suggesting moderate momentum without overbought conditions.
• Bollinger Bands widened, showing increased volatility.
• Volume spiked to over 10,000 in late trading, confirming buying pressure.

BNB/Tether (BNBUSDT) opened at $898.62 on 2026-01-06 at 12:00 ET and closed at $905.15 on 2026-01-07 at 12:00 ET, with a high of $918.82 and a low of $892.33. Total volume was 67,000, and notional turnover reached $57,750,000 over 24 hours.

Structure and Key Levels


The pair found strong support near $898.50 after a deep selloff to $892.33. A bullish engulfing pattern formed at $899.93–$904.3, confirming a reversal. Resistance is now at $914–$918.50, where price stalled and retraced.

Moving Averages and Momentum


A 20-period 5-minute EMA crossed above the 50-period EMA in early morning trading, suggesting short-term bullish momentum. The MACD line crossed into positive territory, and RSI hovered in the 58–62 range, indicating moderate upward pressure without overbought conditions.

Volatility and Fibonacci Retracements


Bollinger Bands expanded in the late hours of 2026-01-06, reflecting heightened volatility. Price tested the 61.8% Fibonacci retracement level of the $892.33–$918.82 move at ~$908.50, which acted as a key pivot.

Looking ahead, consolidation near $910 may precede a breakout attempt. Traders should watch for a break above $918.50 or a retest of $898.50 for further direction, with caution advised as volatility remains high.