BNTUSDT Market Overview: 2025-09-11

• Price declined after a sharp midday rally, closing near 0.7403.
• Volatility surged midday, with volume spiking to 23784.1 at 12:30 ET.
• RSI and MACD suggested overbought conditions earlier but faded into bearish momentum.
• Price remains below a key 20-period moving average and 0.750 support level.
• Bollinger Bands reflected a recent contraction, now expanding with price at lower band.

The Bancor/Tether USDt (BNTUSDT) pair opened at 0.7407 on 2025-09-10 at 12:00 ET and closed at 0.7403 on 2025-09-11 at the same time. The 24-hour high was 0.7541, with a low of 0.7336. Total volume reached 23784.1, and turnover amounted to approximately $17,667 (assuming USD volume equivalents).

Structure & Formations

Price action over the past 24 hours revealed a key resistance at 0.750 and a support cluster near 0.7403. A strong bullish candle at 12:30 ET pushed the price to 0.7523, but it failed to hold above 0.750. A bearish engulfing pattern followed at 15:00 ET, confirming short-term weakness. A doji at 05:00 ET signaled indecision, while the 16:00 ET candle closed in the lower half, reinforcing bearish sentiment.

Support / Resistance Levels

Key support levels appear at 0.7403 (current close), 0.7392, and 0.7361. Resistance levels are at 0.7453, 0.7489, and 0.750.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart show a bearish crossover, with the 20-period falling below the 50-period. On the daily chart, the 50-period MA is above the 100 and 200-period lines, suggesting long-term bullish bias, but short-term momentum has turned bearish.

MACD & RSI

The MACD crossed below the signal line during the afternoon, confirming bearish momentum. RSI peaked near 70 earlier but dropped below 50 by the end of the session. The combination suggests a potential pullback toward 0.7403 is likely.

Bollinger Bands

The Bollinger Bands showed a contraction in the early morning, with price at the lower band at 05:00 ET. The recent expansion and price movement toward the lower band suggest increasing bearish volatility. If price breaks below 0.7403, further consolidation in the 0.7361–0.7392 range may follow.

Volume & Turnover

Volume peaked at 12:30 ET with a large candle of 23784.1, suggesting a failed breakout above 0.750. Turnover diverged with price during the 14:30–15:00 ET window, as volume dropped while price fell sharply. This divergence may indicate fading bearish conviction.

Fibonacci Retracements

Applying Fibonacci levels to the 12:30–15:30 ET swing, key levels at 0.7489 (38.2%) and 0.7461 (61.8%) appear as potential support zones. On the daily chart, the 0.7453 and 0.7489 levels align with Fibonacci retracements of the recent 12:30 ET high, suggesting a possible bounce or consolidation.

Backtest Hypothesis

A potential backtest strategy involves entering long positions when the 20-period moving average crosses above the 50-period MA on the 15-minute chart, with a stop-loss placed below the most recent swing low. A profit target could be set at the 0.7489 Fibonacci retracement level. Given today’s bearish crossover and confirmation from RSI and MACD, a short-biased strategy might be more appropriate, with entry on a break below 0.7403 and a target near 0.7361. This approach could be refined by incorporating Bollinger Band width for volatility filtering and volume spikes as confirmation signals.