Summary
•
broke below key support near $0.4021, signaling bearish momentum.
• Volume surged over 19,000 BNT during the 20:00–21:00 ET session, confirming a downward move.
• RSI remains below 40, suggesting continued downside potential in the short term.
• Price traded in a tight Bollinger Band range until the 18:00–19:00 ET window.
• A potential bullish rebound attempt began near $0.3976 but lacked strong follow-through.
Bancor/Tether (BNTUSDT) opened at $0.4021 on 2025-12-28 at 12:00 ET, reaching a high of $0.4033 and a low of $0.3974, closing at $0.4012 on 2025-12-29 at 12:00 ET. Total volume was 87,855.1 BNT, with $3,509.81 in notional turnover.
Structure and Patterns
The session was marked by a sharp descent from $0.4023 to $0.4003 following a large-volume candle at 18:30 ET. A bearish engulfing pattern emerged during that candle, with a subsequent continuation into the $0.3976–$0.398 range. A potential bullish reversal was seen around $0.398 but failed to confirm. Key support levels were identified at $0.398 and $0.3976, while resistance appears at $0.4012–$0.4021.
Volatility and Momentum
Bollinger Bands constricted tightly in the early part of the session before expanding during the sell-off between 18:30 and 21:00 ET. RSI remained subdued, falling as low as 30, indicating oversold conditions. MACD turned negative with a bearish crossover, reinforcing the bearish sentiment.
Volume and Turnover
Volume spiked dramatically during the 18:30–20:00 ET window, with the largest candle (13,749.6 BNT) confirming the breakdown from $0.4021. Turnover increased in tandem, peaking at nearly $5,500 during the 19:15–19:30 ET timeframe. No significant divergence between price and turnover was observed, suggesting consistent bearish conviction.
Forward Outlook
A retest of the $0.4012–$0.4021 range could test the strength of the short-term bounce. A break above $0.4028 may signal a retracement, but a failure to hold $0.4003 could push price toward $0.3975. Investors should remain cautious on longs in the next 24 hours, as volatility remains elevated and trend continuation is probable.
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