Market Overview for QIUSDT (BENQI/Tether)

Summary
• Price action consolidated between 0.00343 and 0.00347, with a 0.00345 pivot point.
• Volume surged in the early AM ET session, hinting at possible short-term momentum shifts.
• RSI remained neutral, showing no clear overbought or oversold signals.
• A bullish engulfing pattern emerged at 0.00344–0.00346, suggesting potential near-term strength.

Market Overview

BENQI/Tether (QIUSDT) opened at 0.00344 on 2025-12-14 at 12:00 ET and reached a high of 0.00347 before consolidating to close at 0.00346 by 12:00 ET on 2025-12-15. The total 24-hour volume was approximately 54.1 million QI, while turnover stood at around $186,480.

Structure & Formations

The price range between 0.00343 and 0.00347 dominated intraday trading, with several bullish and bearish engulfing patterns forming around the key pivot of 0.00345. A doji at 0.00344 during the 02:45–03:00 ET window indicated indecision, while a strong bullish engulfing pattern formed at 0.00344–0.00346 in the early hours, suggesting possible short-term buyers stepping in.

Moving Averages and Momentum

Short-term 20-period and 50-period moving averages on the 5-minute chart remained closely aligned, indicating no sharp directional bias. The 50-period line was slightly above the 20-period line, suggesting mild bullish momentum.

RSI held steady between 45 and 55, with no clear overbought or oversold conditions. MACD showed a narrowing histogram, indicating waning momentum in the near term.

Volatility and Bollinger Bands

Price action remained within the Bollinger Bands for most of the session, with a slight contraction in the late ET hours. Volatility showed signs of stabilizing, with the bands narrowing slightly, indicating a potential pause in directional movement.

Volume and Turnover

Volume and turnover spiked in the early morning ET session, particularly between 00:15 and 01:45, suggesting increased participation. However, price did not break decisively higher, indicating mixed conviction.

Fibonacci Retracements

The key 5-minute swing from 0.00343 to 0.00347 aligned with the 61.8% retracement level at 0.00345, where the price found support and consolidation. On the daily chart, no major Fibonacci levels were tested, but the 0.00345 level appears to act as a strong short-term floor.

Forward-Looking Observation

Price may test the 0.00347 level again in the next 24 hours, with a potential for a short-lived bullish breakout if volume confirms the move. Investors should remain cautious of volatility contraction, which may precede a breakout or a consolidation phase.