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Summary
• BNB/Yen formed key support at ¥134,552 and tested ¥138,500 as resistance during the 24-hour period.
• Momentum surged in the early hours with a bullish MACD crossover, but RSI signaled overbought conditions later.
• Volatility expanded as BNBJYPY hit ¥139,381, surpassing the upper Bollinger Band.
• Volume spiked during the ¥137,000–¥139,000 range, aligning with price consolidation.
• Fibonacci retracements showed potential for a pullback to ¥136,000 after a failed break above ¥139,000.
BNB/Yen (BNBJPY) opened at ¥134,552 on 2025-12-11, reached ¥139,897, and closed at ¥138,341 on 2025-12-12. The pair saw 20.3896 volume and ¥24.46 million in notional turnover during the 24-hour period.
Structure & Key Levels
BNBJPY tested key support near ¥134,552, forming a bullish engulfing pattern early in the session, while ¥138,500 acted as a critical resistance zone. A failed attempt to break ¥139,500 highlighted bearish momentum in the final hours. The 20-period and 50-period moving averages on the 5-minute chart crossed positively early on, suggesting short-term optimism, though the daily 200-period MA remains below the current price, indicating a longer-term bullish tilt.
Volatility and Momentum
Volatility expanded significantly as the price pushed above the upper Bollinger Band, reaching ¥139,381. This coincided with a sharp rise in volume and turnover, suggesting strong institutional involvement.

Fibonacci and Implications
From the ¥134,552–¥139,381 swing high, Fibonacci retracement levels suggest a likely pullback to the 61.8% level at ¥136,000. This level coincides with prior support, and a break below would increase the risk of testing ¥134,552 again. In the near term, a retest of ¥139,000 may provide a key decision point for the direction of the next 24-hour session.
Price could remain in a tight consolidation range between ¥137,500 and ¥139,000 in the next 24 hours, with volume and order flow being critical for a breakout. Investors should remain cautious of sharp reversals if the 50-period MA fails to hold above the 20-period MA on the 5-minute chart.
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