Market Overview for Basic Attention Token/Tether (BATUSDT) — October 28, 2025

• Price declined from 0.182 to 0.1681 over 24 hours amid moderate volume and negative momentum.
• RSI and MACD indicate oversold conditions, suggesting potential near-term bounce.
• Volatility expanded briefly during overnight hours, with a key 0.170 support level tested.
• A bullish engulfing pattern emerged near 0.1675–0.1680, hinting at short-term reversal.

At 12:00 ET on October 28, 2025, the BATUSDT pair opened at 0.1812, reached a high of 0.182, a low of 0.1671, and closed at 0.1681. Total traded volume over 24 hours was 11.13 million, with a turnover of approximately $1.86 million. The price has shown a steady decline after an early attempt to consolidate above 0.175 failed.

The structure of the 15-minute candlestick chart reveals a bearish bias. Key support levels include 0.1675–0.1680, where a bullish engulfing pattern emerged following a sharp decline. Resistance is visible at 0.171–0.172, which has failed to hold multiple times during the overnight session. A doji formed near 0.1702, indicating indecision among traders after a brief rebound.

Moving averages on the 15-minute chart show the price closing below both the 20-period and 50-period lines, reinforcing the bearish trend. The 200-period daily moving average, however, has not shifted significantly, suggesting the longer-term trend remains sideways to slightly bearish. The price appears to be consolidating near a lower Bollinger Band, indicating a potential short-term oversold condition.

The RSI has dipped below 30 for the past two hours, signaling oversold conditions. The MACD is negative but flattening, suggesting momentum may be stabilizing. A contraction in Bollinger Band width was observed overnight, followed by a moderate expansion, hinting at renewed volatility. A 38.2% Fibonacci retracement level is visible at 0.1725, which may offer a key area of interest if the price retests this zone.

Backtest Hypothesis

Given the technical conditions observed—particularly the oversold RSI, flattening MACD, and a bullish engulfing pattern at 0.1675–0.1680—a potential backtest strategy could involve entering a long position upon a confirmed close above 0.1685 with a stop-loss placed below 0.1671. A take-profit target could be set at 0.1725, aligning with the 38.2% Fibonacci retracement level. The strategy would aim to capture a short-term bounce from oversold levels while managing risk with tight stops. If historical data for BATUSDT is available for the 2022–2025 period, this logic can be tested for robustness.