BNB/Argentine Peso Market Overview

• BNB/Argentine Peso surged 6.4% in 24 hours, breaking above 1.68M ARS.
• Volatility spiked with a 15-minute candle range exceeding 12,000 ARS.
• RSI reached overbought territory at 73, suggesting potential near-term pullback.
• Volume and turnover aligned with bullish momentum in the afternoon ET.
• Key resistance at 1,694,140 ARS tested and held during a major 15-minute rally.

The BNB/Argentine Peso pair (BNBARS) opened on October 2, 2025 at 1,630,368 ARS and closed at 1,682,788 ARS on October 3 at 12:00 ET, after hitting a high of 1,705,627 ARS and a low of 1,621,564 ARS. Total volume over the 24-hour period was 16.59 BNB, with a notional turnover of approximately 28.49 billion ARS. The pair experienced a strong rally in the early hours of October 3, with several large-volume bullish candles reinforcing the upward bias.

Structure & Formations

Price action showed multiple bullish engulfing patterns starting at 21:15 ET, confirming a shift from bearish to bullish momentum. A strong bearish rejection at 16:45 ET (1,630,420 ARS) failed, and prices rebounded sharply. Key support levels at 1,650,805 ARS and 1,645,384 ARS were retested but held firm, while the pair found resistance at 1,694,140 ARS and 1,702,551 ARS. A doji at 03:45 ET (1,698,961 ARS) hinted at indecision, but subsequent volume confirmed the continuation of the uptrend.

Moving Averages

On the 15-minute chart, the 20-period and 50-period SMAs were both bullish, with the price above both lines, confirming upward momentum. The 20-SMA crossed above the 50-SMA at 19:15 ET, forming a golden cross. Daily moving averages showed a strong 50-period SMA at 1,645,000 ARS, while the 100-period and 200-period SMAs were below that, suggesting the pair is in a medium-term uptrend with potential for consolidation.

MACD & RSI

The 15-minute MACD turned positive and crossed above the signal line at 20:45 ET, confirming bullish momentum. RSI reached 73 by 04:30 ET, signaling overbought conditions, though strong volume continued to support the rally. The combination of overbought RSI and rising MACD suggested a potential pullback, but the strong volume prevented a sharp correction, instead leading to a consolidation phase around 1,682,788 ARS.

Bollinger Bands

Price stayed within the upper and lower Bollinger Bands for most of the session, with a notable expansion seen after 22:45 ET when volatility surged. At 03:15 ET, the price broke the upper band briefly, reaching 1,699,398 ARS, but failed to sustain the move, closing slightly below it. The mid-band was at 1,670,000 ARS, indicating that the current rally is still within the bounds of normal volatility and not yet overextended.

Volume & Turnover

Volume was consistently above 0.1 BNB in most 15-minute intervals after 18:30 ET, with a significant spike of 1.013 BNB at 08:45 ET as prices pulled back to 1,677,790 ARS. Notional turnover exceeded 1.6 billion ARS during the 15-minute session at 03:15 ET, confirming strong buying interest. No significant divergence between price and turnover was observed, suggesting that volume supported the price action.

Fibonacci Retracements

Fibonacci levels drawn from the 10:00 ET low (1,621,564 ARS) to the 22:45 ET high (1,665,960 ARS) showed the current level at 1,682,788 ARS to be slightly above the 61.8% retracement level (~1,647,260 ARS), suggesting strong bullish bias. A pullback to the 38.2% level at ~1,656,000 ARS would be a key watchpoint for potential re-entry or consolidation.

Backtest Hypothesis

A potential backtesting strategy could be designed to target entries following bullish engulfing patterns confirmed by volume and 15-minute golden crosses, with stop-loss orders placed below key support levels. Given the observed RSI overbought conditions and the strong volume, a trailing stop-loss approach could be used to capture the continuation of the rally. A short-term target could be set at the next Fibonacci level above 1,694,140 ARS. If the price fails to hold above 1,682,788 ARS, a conservative bearish bias may develop for the next 24 hours.