Basic Attention Token/Tether Market Overview (2025-09-22)

• Price fell from 0.1555 to 0.1433, marking a sharp bearish trend with high volatility.
• Turnover surged over $170,000 as bearish momentum dominated the 24-hour session.
• A key support level emerged near 0.1433–0.1436 with consolidation observed in early afternoon ET.
• RSI reached oversold territory, suggesting potential short-term bounce from 0.1436.
• Volume spiked during the early ET selloff, indicating strong conviction in bearish continuation.

BATUSDT opened at 0.1551 on 2025-09-21 at 12:00 ET and fell to a 24-hour low of 0.1384 before closing at 0.1441 as of 12:00 ET on 2025-09-22. Total traded volume reached 2,539,182.0, with a notional turnover of approximately $383,879. The pair has displayed a clear bearish bias over the past 24 hours amid a sharp correction in the early morning ET.

Structure & Formations

Price formed a broad bearish trend, with several key support levels emerging below 0.1500. A bearish flag pattern formed during the 0300–0600 ET window, with a clear break below 0.1498 confirming bearish bias. A key support zone between 0.1433–0.1436 has been tested twice and appears to be holding so far. A doji formed at 0.1441 on 150000 ET, signaling indecision and a potential short-term pause.

Moving Averages

On the 15-minute chart, the 20SMA and 50SMA remain bearishly aligned below price action. The 20SMA has been a resistance line around 0.1450–0.1455, where price has struggled to retest. On the daily chart, BATUSDT remains below the 50DMA and 200DMA, reinforcing the bearish trend. A cross back above the 50DMA at ~0.1465 would be required to trigger any meaningful reversal signal.

MACD & RSI

The MACD has remained negative for much of the 24-hour period, with bearish divergence between price and the histogram during the late night ET selloff. RSI dipped below 30 in the early morning before recovering slightly to 41–43, indicating oversold conditions. A closing RSI above 45–48 could suggest a near-term bounce, but a sustained close above 50 would be needed for a bullish reversal.

Bollinger Bands

Volatility expanded significantly during the early morning ET selloff, with price falling to the lower Bollinger Band at 0.1384. The band width has since narrowed slightly, suggesting a period of consolidation. Price remains near the lower band at 0.1433–0.1436, indicating weak bullish conviction. A break above the upper band at 0.1455–0.1460 may indicate short-term strength.

Volume & Turnover

Volume spiked dramatically during the 0600–0900 ET selloff, with a 15-minute turnover of $175,000 recorded during the 061500 ET candle. This aligns with the price drop to 0.1445 and confirms strong bearish conviction. In contrast, volume has been relatively muted during the afternoon ET consolidation phase, with no significant price divergence observed.

Fibonacci Retracements

Fibonacci levels drawn from the high of 0.1555 to the low of 0.1384 show key retracement levels at 0.1458 (23.6%), 0.1492 (38.2%), and 0.1524 (61.8%). Price has tested the 23.6% level twice and failed to break above it, suggesting continued bearish pressure. A move above 0.1492 may signal a short-term recovery, but confirmation above 0.1524 would be needed for a broader bullish setup.

Backtest Hypothesis

A potential backtesting strategy could involve entering long positions when RSI crosses above 45 from below and price breaks the 20SMA on the 15-minute chart, with a stop-loss placed below the recent swing low. This approach aims to capture short-term bounces during extended bearish trends, as observed in the recent pullback near 0.1436. The strategy would benefit from high volume confirmation to increase the probability of success.