Market Overview for BNB/Tether (BNBUSDT): Strong Bullish Momentum Amid Volatility Expansion

Generated by AI AgentTradeCipherReviewed byAInvest News Editorial Team
Monday, Dec 8, 2025 1:47 pm ET1min read
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- BNBUSDT formed a bullish engulfing pattern near 890.00, triggering a sharp rally above 903.00 after breaking a descending wedge.

- Price surged to 905.93 with 904.50 as short-term resistance and 896.50 as immediate support amid heightened volatility post-20:00 ET.

- RSI entered overbought territory (75) and MACD turned positive, while notional turnover spiked to $8.1M during a consolidation breakout.

- Strong bullish momentum persists with key resistance at 906.00, but traders must monitor RSI divergence for potential pullbacks.

Summary
• BNBUSDT formed a bullish engulfing pattern near 890.00, followed by a sharp rally above 903.00.
• Volatility surged after 20:00 ET as price broke out of a descending wedge.
• 904.50 appears to be a short-term resistance, while 896.50 serves as immediate support.
• RSI moved into overbought territory above 70, suggesting possible near-term profit-taking.
• Notional turnover spiked to $8.1M at 09:15 ET on a bullish breakout of a consolidation phase.

BNB/Tether (BNBUSDT) opened at 891.19 on 2025-12-07 12:00 ET and closed at 905.93 by 2025-12-08 12:00 ET, with a high of 913.01 and a low of 881.47. The total traded volume was 144,688.92

BNB
, representing a notional turnover of approximately $130 million over 24 hours.

Structure & Formations


A strong bullish engulfing pattern formed near 890.00 around 19:30 ET, confirming a reversal from a bearish consolidation phase. Price then moved into a strong uptrend, breaking out of a descending wedge between 890.00 and 904.00 by 20:00 ET. A 61.8% Fibonacci retracement level at 903.40 was tested and exceeded, suggesting continued upward bias.

Moving Averages and Bollinger Bands


On the 5-minute chart, price closed above both 20 and 50-period moving averages, indicating bullish momentum. The 20-period MA was at 899.20, and the 50-period at 900.35. Bollinger Bands expanded as volatility increased, with price trading near the upper band for most of the session, suggesting continuation potential.

MACD and RSI


The MACD turned positive in the last 4 hours and crossed above the signal line, confirming bullish momentum. RSI reached 75 near 09:15 ET, suggesting short-term overbought conditions and potential pullbacks. However, price continues to close higher, showing strong conviction in the rally.

Volume and Turnover


Volume surged to 5,856.682 BNB at 22:15 ET on a sharp selloff, but was exceeded by a 4,134.146 BNB turnover at 15:00 ET on the bullish breakout. The divergence between bearish and bullish volume suggests a shift in sentiment toward long-side participation.

BNBUSDT appears to be in a strong short-term bullish trend, with key resistance at 906.00 and support at 902.50. A break above 906.00 could target 912.00, but traders should watch for overbought divergence in the RSI. Volatility remains high, so short-term traders should brace for potential pullbacks or rapid reversals.