Market Overview for BNB/Yen on 2026-01-18

Summary
• BNB/Yen traded between 149374.0 and 151057.0 JPY in a volatile 24-hour period.
• Key support at 149374.0 and resistance at 151057.0 tested multiple times.
• Volume spiked in late ET hours, with divergence observed in price and turnover trends.
• RSI indicated oversold conditions early in the session, rebounding mid-day.
• Bollinger Bands narrowed early, suggesting potential breakout ahead of the final 24-hour close.

At 12:00 ET-1 on 2026-01-17, BNB/Yen opened at 150398.0 JPY (BNBJPY), reached a high of 151057.0, a low of 149374.0, and closed at 149804.0 JPY by 12:00 ET. Over 24 hours, total volume was 714.2735 and turnover amounted to approximately 109,504,970.26 JPY.

Structure & Candlestick Patterns

Price swung between 151057.0 and 149374.0, with a bearish engulfing pattern forming at the high and a bullish reversal near the low. A doji at 149374.0 suggested indecision and potential support.

Moving Averages

Short-term 20/50-period moving averages on the 5-min chart fluctuated rapidly with price action. Daily 50/200 averages showed a mixed trend, with the 50-day line slightly above the 200-day, suggesting neutral to mildly bullish bias in the medium-term.

Momentum and Volatility

MACD crossed into negative territory in the final hours, signaling bearish momentum. RSI bottomed below 30 in the early ET hours but rebounded strongly, hinting at oversold recovery. Bollinger Bands contracted early, foreshadowing a breakout that occurred before the 24-hour close.

Volume and Turnover

Volume spiked significantly in the late ET hours, with a notable divergence between price and turnover. While price declined, turnover increased, suggesting potential accumulation or distribution activity.

Fibonacci Retracements

Key 5-minute retracement levels at 38.2% (150406.4) and 61.8% (149902.2) were tested multiple times. Daily retracements from the swing high at 151057.0 aligned with the close near 149804.0, suggesting bearish exhaustion.

Price may face further tests at key support and resistance levels in the next 24 hours. Investors should monitor volume for confirmation of breakouts and watch RSI for signs of overbought or oversold extremes. Risk remains on the downside, with volatility likely to persist.