Market Overview for BNB/Yen (BNBJPY) – January 16, 2026

Summary
• BNB/Yen fell 0.5% in 24 hours, forming bearish patterns on the 5-minute chart.
• RSI and MACD indicated weakening momentum with oversold conditions near 30.
• Volatility expanded with a Bollinger Band squeeze followed by a break.
• Volume surged during the decline, confirming bearish sentiment.
• Fibonacci retracement levels showed key support near 147,800.

BNB/Yen opened at 148,714 Yen on 2026-01-15 12:00 ET and closed at 148,111 Yen on 2026-01-16 12:00 ET, with a high of 149,472 and a low of 146,868. Total volume traded was 498.0917 BNB, and notional turnover reached 71,392,826.89 Yen.

Structure & Formations

Price action showed a bearish engulfing pattern in the early session, followed by a consolidation phase with a doji near 147,589. Key support levels emerged around 147,300–147,700, with 146,900 as a critical floor.

Moving Averages and Momentum

The 20-period and 50-period moving averages on the 5-minute chart remained bearish, with price consistently below both. The 50-period daily MA sits just above 148,000, suggesting short-term support. RSI approached 30, indicating oversold conditions, while MACD showed bearish divergence.

Bollinger Bands and Volatility

Volatility expanded after a brief contraction in the early morning, with price breaking the lower Bollinger Band at around 147,700. This expansion suggests increasing short-term uncertainty and potential for a bounce.

Volume and Turnover

Volume spiked during the sharp decline between 19:15 and 20:30 ET, confirming bearish pressure. Turnover also rose in alignment with falling prices, showing no signs of divergence between volume and price.

Fibonacci Retracements

Fib levels drawn from the 5-minute swing high at 149,472 and the low at 146,868 suggest 147,800 (38.2%) as a near-term support level. A break below 147,300 would target 146,900 (61.8%).

Forward-looking, a retest of 147,800–147,300 appears likely, with potential for a rebound if RSI recovers above 35. However, a break below 146,900 could reignite the bear trend. Investors should remain cautious due to the fragile balance between support levels and bearish momentum.