#BUSDT *BUSDT Crashes 30.5% to $0.48630, Hits 24h Low of $0.47253*
BUSDT perpetual futures on Bybit are down 30.50% in the last 24 hours, trading at $0.48630 as of 18:14 UTC after a sharp selloff earlier today.
The chart shows BUSDT collapsed from a 24h high of $0.77743 to a low of $0.47253, wiping out over 37% in a matter of hours. Price is now attempting to stabilize near $0.48630, trading below all major EMAs. The 20, 50, and 100 EMAs sit between $0.57170 and $0.61854, acting as overhead resistance.
*Key Levels to Watch*
- *Resistance*: $0.49494 at the 200 EMA is the first hurdle. Above that, $0.57170 and $0.61370 are the next barriers where sellers may step in.
- *Support*: $0.47253 marks the 24h low. A break below opens the path toward $0.40411.
- *Momentum*: RSI is deeply oversold with RSI6 at 19.22, RSI12 at 25.87, and RSI24 at 35.32, signaling heavy selling pressure.
*Outlook*
The steep drop puts BUSDT in bearish territory across all timeframes shown. While the oversold RSI suggests a bounce is possible, sellers remain in control while price trades below $0.57170.
24h turnover hit $37.24M during the move, indicating strong volume behind the selloff. Traders are watching if $0.47253 holds as support or if another leg lower develops.