Market Overview: BNTUSDT Faces Key Support Amid Elevated Volatility

Summary
• Price declined from $0.4031 to $0.3923 on a bearish engulfing formation near 0.4000.
• RSI oversold below 30, but divergence in volume suggests weak reversal potential.
• Volatility spiked during late ET hours as price tested key 0.3945–0.4011 range.
• Bollinger Bands expanded during selloff, confirming bearish momentum.
• 50-period MA on 5-min chart failed to hold, reinforcing short-term bearish bias.

Bancor/Tether (BNTUSDT) opened at $0.4027 on 2025-12-25 12:00 ET, reached a high of $0.4060, fell to a low of $0.3913, and closed at $0.3923 by 12:00 ET on 2025-12-26. Total volume was 245,100.2 and notional turnover was $96,420.95.

Structure & Moving Averages

Price broke below a key 0.4000 psychological level, forming a bearish engulfing pattern during early ET hours. The 50-period moving average on the 5-minute chart failed to hold, reinforcing the downward trend. Daily 200-period MA remains above current levels, suggesting deeper bearish potential if the $0.3913 low fails.

Momentum and Volatility

RSI hit oversold levels below 30 overnight, but divergence in volume and price action suggest weak reversal chances. Bollinger Bands expanded sharply during the selloff, confirming elevated volatility. A bearish breakout below 0.3913 may trigger further downside to the 0.3880 level.

Volume and Fibonacci Levels

Volume surged during the late ET sell-off, confirming bearish momentum. A sharp decline to $0.3913 aligns with the 61.8% Fibonacci retracement of the 0.3945–0.4060 swing. However, divergence in turnover suggests exhaustion at current levels.

In the next 24 hours, BNTUSDT may test the 0.3880 level if the 0.3913 support fails, but a bullish reversal near 0.3945 could reestablish equilibrium. Investors should closely monitor volume for confirmation of any reversal attempt.