Market Overview for Basic Attention Token/Tether (BATUSDT): 24-Hour Analysis

• BATUSDT opened at 0.1541 and closed at 0.1484, hitting a 24-hour high of 0.1573 and a low of 0.1483.
• The pair showed bearish momentum with RSI dipping below 30, indicating oversold conditions.
• Volatility expanded in the last 6 hours, with a large-volume bearish reversal candle confirming the downward shift.
• Turnover surged during the 15:00–17:00 ET window, aligning with the sharp decline.
• BATUSDT is trading near key Fibonacci support levels from its most recent swing high.

The BATUSDT pair opened at 0.1541 on 2025-10-03 at 12:00 ET and closed at 0.1484 by 12:00 ET on 2025-10-04. The 24-hour range was between 0.1573 and 0.1483. Total trading volume for the 24-hour window was approximately 6.8 million BAT tokens, with a notional turnover of around $1.1 million (using closing prices for approximation). The pair has shown a distinct bearish bias over the past 24 hours, with clear downward momentum and key bearish patterns emerging.

Structure & Formations

A clear bearish breakdown occurred from the key 0.1550 resistance level, confirmed by a large bearish candle on the 15-minute chart after a short-lived attempted rebound. The price formed a “shooting star” and “hanging man” pattern around 17:30–18:30 ET, indicating strong bearish sentiment. A significant support level appears to be forming around 0.1502–0.1505, where multiple retests occurred with mixed conviction.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages have been converging downward, both trending below the current price, reinforcing the bearish tilt. The daily chart shows the 50-period MA at around 0.1525, while the 200-period MA is at 0.1545, suggesting the asset remains below key long-term trend indicators.

MACD & RSI

The 15-minute MACD has been in negative territory for the past 8 hours, with bearish divergence observed between price and the MACD histogram. The RSI has dipped below 30 into oversold territory since around 09:00 ET, but the move has not yet triggered a meaningful rebound. This suggests the bearish momentum may not yet be exhausted and could persist for the next 24–48 hours.

Bollinger Bands

Bollinger Bands have shown a clear expansion since 18:00 ET, with the price testing the lower band multiple times in the last 6 hours. The recent candle on the lower band shows increased volume and a bearish close, reinforcing the likelihood of continued downward movement toward the next support level at 0.1485–0.1490.

Volume & Turnover

Volume spiked sharply between 15:00–17:00 ET, coinciding with the breakdown from 0.1550. This volume surge confirmed the bearish reversal, as price closed near the session lows during that period. Turnover also saw a strong increase during this window, suggesting institutional or high-volume participants were selling into strength.

Fibonacci Retracements

Applying Fibonacci retracement to the recent swing high (0.1573) and swing low (0.1483), the 61.8% level at 0.1519 has been tested twice with strong rejection. The current price is near the 38.2% retracement level at 0.1530, which could serve as a short-term support/resistance pivot point over the next 24 hours.

Backtest Hypothesis

A potential backtesting strategy could involve entering short positions on a confirmed breakdown of the 0.1550–0.1555 resistance zone, confirmed by a bearish close and increased volume. Stops could be placed just above 0.1560, with a target at the 0.1485–0.1500 support zone. Given the RSI’s oversold reading and the multiple retests of the 0.1505 level, a long bias may form if the price holds above this zone, though with caution for further bearish extension.