Market Overview for Bancor/Tether (BNTUSDT) – 2025-10-05

• Price surged over 5% in 24 hours amid rising volume, breaking above a key resistance level.
• Momentum picked up in the early morning hours with a bullish MACD crossover and RSI trending above 50.
• Volatility increased sharply after 2:45 AM ET, with BNTUSDT reaching a high of 0.7094.
• Volume spiked significantly during the upward move, confirming price strength and buyer interest.
• Price pulled back modestly after the high, testing a prior support level around 0.7005.

Bancor/Tether (BNTUSDT) opened at 0.6875 on 2025-10-04 at 12:00 ET and closed at 0.7002 at 12:00 ET on 2025-10-05. The 24-hour high and low were 0.7176 and 0.6869, respectively. Total volume amounted to 144,615.9 and turnover was $99,662.70. The price showed a strong upward move driven by clear bullish momentum.

Structure & Formations

The price of BNTUSDT demonstrated a strong bullish bias through the early morning hours, with multiple breakout candles forming above key resistance levels. A 15-minute bullish engulfing pattern emerged between 02:45 and 03:00 ET, signaling a reversal from previous bearish pressure. Later in the session, a doji formed near 0.7005 at 15:45 ET, suggesting a potential short-term consolidation or reversal. The price appears to have found support at 0.6994–0.7005, with RSI hovering above 50, indicating sustained buying pressure.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages show a strong bullish crossover, with the 20 MA well above the 50 MA, reinforcing the upward bias. On the daily chart, the 50-period MA sits below the 200-period MA, suggesting that while the short-term trend is bullish, the longer-term trend remains neutral to slightly bearish. This divergence highlights the potential for a continuation of the 24-hour rally but with caution on the broader trend.

MACD & RSI

The MACD crossed above the zero line early in the session, confirming the bullish momentum. The histogram remained positive and showed increasing strength until 04:00 ET before stabilizing. RSI climbed above 50 and hovered near 60, indicating strong buying interest without yet reaching overbought territory. While the RSI has not crossed into overbought territory, it has shown strong upward pressure, suggesting that the move could pause for consolidation rather than a reversal.

Bollinger Bands

The price broke above the upper Bollinger Band between 02:45 and 03:15 ET, confirming a breakout with high volatility. The bands had widened significantly due to the price action, indicating increased uncertainty and trading interest. After the peak at 0.7094, the price has since consolidated closer to the middle band, suggesting a potential pullback before the next directional move. The narrowing of the bands in the late afternoon indicates a possible volatility contraction ahead.

Volume & Turnover

Volume surged during the breakout period, particularly in the 2:45–3:15 ET timeframe, with over 24,000 units traded at the 2:45 ET candle alone. Turnover increased proportionally, reaching a high of $17,342.00 during this period. This volume confirmed the strength of the move and showed no signs of divergence between price and turnover. Later in the session, volume declined slightly, suggesting the move has gained momentum but may require further confirmation from higher volume to sustain it.

Fibonacci Retracements

Applying Fibonacci retracement to the recent swing from 0.6875 to 0.7176 shows that the price has pulled back to the 61.8% level around 0.7005. This level has acted as a support and may serve as a short-term floor for the next 24–48 hours. On the daily chart, the 38.2% retracement level sits near 0.6973, which coincides with the 24-hour low, suggesting potential support should the price face further downward pressure.

Backtest Hypothesis

The technical indicators—specifically the bullish engulfing pattern, MACD crossover, and strong volume—suggest a potential continuation pattern in the short term. A backtest could evaluate the efficacy of a long entry strategy triggered by a close above the 15-minute bullish engulfing pattern, with a stop loss placed at the low of the breakout candle and a target at the next Fibonacci level. This would align with the price action seen between 02:45 and 03:15 ET, where the move was confirmed by both volume and momentum.