Market Overview for Basic Attention Token/Tether (BATUSDT)

• Price closed at 0.1963 after opening at 0.2210, with a 24-hour low of 0.1891.
• Volatility expanded as BATUSDT traded 0.0321 range, breaking below key support levels.
• RSI hit oversold territory (<30), signaling potential for a short-term bounce. • Volume surged in late hours, with divergences suggesting accumulation at lower levels.

The Basic Attention Token/Tether (BATUSDT) pair opened at 0.2210 on 2025-10-13 at 12:00 ET and closed at 0.1963 on 2025-10-14 at the same time. The price reached a high of 0.2326 and a low of 0.1891 within the 24-hour period, resulting in a total trading range of 0.0321. The total volume for the session was 65,960,030.0, and the notional turnover (calculated as volume × price) is approximately 13,127,256.00.

Structure & Formations

The 24-hour OHLCV data reveals a bearish breakdown from the 0.2267 resistance level, with several bearish engulfing patterns forming between 0.2289 and 0.2237. The price appears to have rejected the 0.2136–0.2174 consolidation zone and accelerated downward, breaking below 0.2076 and approaching the 0.1891 support level. A key bearish trendline connecting 0.2326 and 0.2180 was decisively breached, confirming a shift in momentum to the downside.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages have remained well above the price since 0.2267, signaling a strong bearish bias. The 200-period daily moving average appears to be acting as a dynamic resistance, currently around 0.2160–0.2180. If the price fails to close above this level for a consecutive two-day session, it could signal a deeper bearish continuation into the 0.1800–0.1750 range.

MACD & RSI

The MACD line has been negative throughout the past 24 hours, with the histogram showing increasing bearish momentum in the final 6–8 hours. The RSI has dipped into oversold territory (<30), suggesting a potential short-term rebound may be in play. However, without a strong bearish reversal pattern on the daily chart or a significant volume spike above 0.2180, this rally is likely to be short-lived.

Bollinger Bands

The BATUSDT price has spent the majority of the 24-hour session in the lower half of the Bollinger Bands, with volatility widening during the late ET hours. This suggests increased selling pressure and a bearish bias. If the price breaks below the lower band and stays below it for two consecutive sessions, it would strengthen the bearish case.

Volume & Turnover

Volume spiked significantly during the 18:00–09:00 ET window, coinciding with key breakdown levels around 0.2180–0.2080. The notional turnover also rose sharply, indicating strong conviction from larger players in the downward move. However, the price has diverged from turnover in the final 2–3 hours, hinting at potential exhaustion in the short term.

Fibonacci Retracements

Applying Fibonacci retracement levels to the recent 0.2326–0.1891 swing, the 0.2136 and 0.2076 levels acted as key resistance-turned-support. The current price is near the 61.8% retracement level (0.1930), suggesting a potential pause or bounce. A sustained break below 0.1930 would target the 0.1842 level, with a 100% retracement at 0.1820 as the next bearish target.

Backtest Hypothesis

Given the recurring bearish engulfing patterns in the data, a backtesting strategy could focus on capturing short-term bearish momentum at key resistance levels like 0.2180. A potential approach would be to enter a short position upon a confirmed bearish engulfing pattern near 0.2180, with a 3-day holding period to assess profitability. This aligns with the observed price behavior and could be applied retroactively to assess the performance of such a strategy since 2022. If historical data confirms the effectiveness of this pattern at that resistance level, it could serve as a robust tool for identifying high-probability short entries in BATUSDT.