BANDUSDT Market Overview – 2025-09-19

• BANDUSDT drifted lower by ~6.4% over the past 24 hours, with bearish momentum visible on RSI and MACD.
• Key support tested at 0.728–0.731, with volume surging near the 0.721–0.728 range.
• Volatility expanded in the late hours, with Bollinger Bands widening as price approached the lower band.
• A bearish engulfing pattern formed at the 0.74–0.744 level, confirming a reversal in early-to-mid day trading.
• A 61.8% Fibonacci retracement aligned with 0.728, acting as a short-term floor during the final hours.

Band/Tether (BANDUSDT) opened at 0.754 on 2025-09-18 at 12:00 ET and closed at 0.733 on 2025-09-19 at 12:00 ET, reaching a high of 0.767 and a low of 0.719. Total volume for the 24-hour period was 1,089,631.7, with a notional turnover of 789,246.6 USDT. The pair has shown a bearish bias, with key support and resistance levels emerging from recent price action.

Structure & Formations

Price formation over the past 24 hours has revealed several key technical features. A bearish engulfing pattern formed during the early morning hours at the 0.74–0.744 level, confirming a reversal in bullish momentum. Later in the day, a doji appeared at 0.733, suggesting indecision amid the downward move. The strongest support level appears to be between 0.728 and 0.731, where price found a temporary floor for three consecutive hours. A 61.8% Fibonacci retracement of the 0.719–0.767 move also aligns with this level, reinforcing its importance.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are both in a bearish crossover, confirming the downward bias. For the daily chart, the 50, 100, and 200-period moving averages are aligned lower, suggesting a broader downtrend is in place. Price is trading below all three daily MAs, with no immediate signs of a short-term reversal.

MACD & RSI

The 12-hour period has seen RSI dip below 30, signaling oversold conditions briefly near the 0.721–0.728 range. However, the RSI failed to show a strong bounce, indicating bearish exhaustion could persist. MACD remains in negative territory, with the histogram contracting slightly in the final hours, suggesting the bearish momentum may be slowing.

Backtest Hypothesis

The proposed backtesting strategy involves a combination of RSI divergence and a 50-period MA crossover to identify potential short-term reversal points. This aligns with the observed 0.728–0.731 support level, where RSI showed a small divergence in the final hours. A buy signal could be generated on a close above this level, with a stop loss below the 0.719 low. This setup may offer a low-risk entry for a countertrend trade, particularly if the 50-period MA crosses back above the price.

Bollinger Bands

Bollinger Bands have expanded significantly during the late hours, with the lower band aligning closely with the 0.728–0.731 support level. Price has spent most of the day in the lower half of the bands, confirming the bearish sentiment. The widening of the bands also reflects increased volatility, likely driven by the sharp selloff into the 0.719 level.

Volume & Turnover

Volume has surged in the final hours of the 24-hour window, particularly near the 0.721–0.728 range, where price found a temporary floor. Notional turnover also spiked during this time, reaching a 24-hour high of 4614.8 USDT during a candle that closed at 0.721. This suggests increased liquidity and interest in the area, potentially indicating a short-term bottom is forming. However, a divergence between price and volume could signal further weakness if the rally fails to hold.

Fibonacci Retracements

The 0.728 level marks a key 61.8% Fibonacci retracement of the 0.719–0.767 swing, acting as a critical support point for the past 24 hours. A break below this level would suggest a deeper pullback into the 0.719–0.716 range. On the 15-minute chart, a 38.2% retracement at 0.735 appears to have offered some resistance in the early afternoon hours, further confirming the significance of the 0.728 level.

Looking ahead, BANDUSDT faces a pivotal test at 0.728–0.731. A sustained close above this level may spark a countertrend bounce, but a break below 0.719 could open the door for further bearish extension. Investors should remain cautious as volatility remains elevated, and momentum indicators have yet to show a definitive reversal.