Market Overview for Band/Tether (BANDUSDT)

• Band/Tether (BANDUSDT) traded in a tight range with no decisive breakout above 0.545 or below 0.535.
• Volume remained elevated during the overnight session but has cooled post-noon ET, with no clear divergence in notional turnover.
• A bullish engulfing pattern formed briefly near 0.544–0.545 but failed to confirm, suggesting buyers lack conviction.
• RSI remains in mid-range territory (50–60), indicating balanced momentum with no overbought or oversold extremes.
• Bollinger Bands show a slight contraction in volatility, with price hovering near the middle band, signaling consolidation.

At 12:00 ET on 2025-10-25, Band/Tether (BANDUSDT) opened at 0.540, reached a high of 0.549, and a low of 0.533, closing at 0.541. Total 24-hour volume was 407,868.8, with a turnover of approximately 216,940.08 USD. The price action showed a lack of directional bias, with buyers and sellers testing key levels but unable to break through critical thresholds.

Structure and formations revealed that 0.545 and 0.535 acted as key resistance and support, respectively, during the session. A brief bullish engulfing pattern formed around 0.544–0.545 in the early hours, but price failed to hold above this level, suggesting bearish follow-through. Doji and indecisive candlesticks were common, especially after 09:00 ET, signaling a pause in momentum and uncertainty. The consolidation around 0.541–0.543 appears to be a temporary equilibrium point, with no clear sign of a breakout imminent.

The 20-period and 50-period moving averages on the 15-minute chart remained closely aligned, reinforcing the range-bound nature of the market. MACD showed no significant divergence, with the histogram flat and the signal line moving in tandem with the MACD line, suggesting neutral momentum. RSI oscillated between 50 and 60 throughout the day, indicating balanced buyer and seller activity with no immediate overbought or oversold signals. The 61.8% Fibonacci retracement level (0.543–0.545) acted as a temporary magnet for price, but it failed to provide a strong directional bias.

Bollinger Bands narrowed slightly in the latter half of the session, indicating a potential prelude to a breakout or a continuation of consolidation. Price hovered near the middle band, suggesting that volatility remains muted. Volume spikes were observed during the early morning hours, coinciding with the failed bullish engulfing pattern, but subsequent volume has tapered off, implying that interest has waned. No clear divergence was observed between price and notional turnover, though both have settled into a neutral pattern.