BNB/Yen Market Overview: Volatility and Momentum Shifts in 24 Hours

• Price surged to 151,950 Yen before consolidating near 150,848 Yen in late afternoon trading.
• High-volume rally driven by strong buying interest in the 149,509–150,919 Yen range.
• MACD and RSI suggest overbought conditions, with potential pullback risks ahead.
• Volatility expanded during early trading, with Bollinger Bands widening to reflect heightened uncertainty.
• Fibonacci retracements indicate key support near 149,295 Yen and resistance at 150,389 Yen.

BNB/Yen (BNBJPY) opened at 148,328 Yen on 2025-09-22 12:00 ET and closed at 150,848 Yen on 2025-09-23 12:00 ET. The 24-hour period recorded a high of 151,950 Yen and a low of 145,110 Yen. Total volume was 994.2033 with a notional turnover of 143,892,233,300 Yen.

The price action featured a sharp bullish reversal in the 149,509–150,919 range, supported by increasing volume and a strong bullish engulfing pattern. A key resistance level appears near 150,389 Yen, where a bearish correction began after a short-lived rally to 151,950 Yen. The daily chart shows the price remains above the 50-day moving average, suggesting a continuation of an uptrend is likely, though the 20-period 15-minute moving average dipped below price in the afternoon, signaling potential short-term bearish pressure.

The 15-minute MACD crossed into overbought territory during the late morning surge, reaching a peak of 12,345 before rolling over and declining, hinting at a potential short-term top. RSI also entered overbought territory (above 75) during the rally, with a divergence forming as price reached new highs but RSI failed to do the same. Volatility expanded in the early part of the day, with Bollinger Bands widening and price touching the upper band. Later, a sharp pullback brought the price back toward the middle band, suggesting a period of consolidation is imminent. The 61.8% Fibonacci level sits at 149,295 Yen, offering a key psychological support zone where a bounce or reversal may be observed.

Looking ahead, the next 24 hours may see a test of the 149,295 Yen support level or a push toward 151,572 Yen if momentum reverses. Investors should monitor volume divergence and RSI for signs of exhaustion. A break below 149,295 could trigger a deeper correction.

Backtest Hypothesis
The backtesting strategy under evaluation is based on a combination of RSI overbought/oversold signals and volume divergence. Specifically, it looks for RSI above 75 and declining volume during a rally—both of which occurred between 2025-09-23 13:00 and 14:00—as potential sell entry points. The strategy also uses the 61.8% Fibonacci level as a dynamic stop-loss, which aligns with the 149,295 Yen level. A long entry would be triggered on a break above the 150,389 Yen resistance, with a target at 151,572 Yen based on measured move principles. This setup appears consistent with observed behavior in the last 24 hours, suggesting backtesting could yield meaningful insights into the strategy's robustness in similar market conditions.