Market Overview: BNB/Argentine Peso (BNBARS) - Bullish Momentum Gains Steam

• BNB/Argentine Peso (BNBARS) rose 1.4% over 24 hours, closing above 1.78 million ARS after a sharp late session rally.
• Price traded in a wide range, with volatility spiking as it broke above prior resistance and tested key Fibonacci levels.
• Volume picked up during the final hours, confirming strength in the upward move and aligning with a bullish breakout pattern.
• RSI remained within neutral territory, suggesting the rally may not yet be overbought, despite the sharp 12-hour climb.

BNB/Argentine Peso (BNBARS) opened on 2025-10-04 at 1,739,833 ARS and closed at 1,784,038 ARS on 2025-10-05, rising 1.4% in a 24-hour session marked by volatile price swings. The pair reached an intraday high of 1,813,585 ARS and hit a low of 1,742,976 ARS. Total volume traded during the period was 17.154 BNB, with a notional turnover of approximately 30,847,800,000 ARS.

The 15-minute candlestick pattern revealed a strong bullish reversal trend in the latter half of the day. A key engulfing pattern formed on the 16:30 candle (2025-10-04), followed by a steady push higher, which culminated in a large bullish body on the 02:30–03:00 candles. This suggests growing buying pressure and a shift in market sentiment from bearish to bullish. A doji formed on the 03:30–04:00 candle, indicating some consolidation before a sharp move higher.

Structure & Formations

Support levels held strong at 1,743,000 ARS and 1,735,000 ARS, with the price breaking above a previous resistance at 1,770,000 ARS and extending to 1,784,000 ARS. A key bullish flag pattern was observed between 16:30 and 22:30 (2025-10-04), where price consolidated before resuming the upward trend. This suggests a continuation pattern with a projected target near 1,815,000 ARS.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed in favor of the bulls, with the 20 EMA above the 50 EMA by the session’s end. On the daily chart, the 50-period MA is above the 100- and 200-period MAs, affirming a medium-term bullish bias. This alignment supports continuation in the current upward trend and may encourage further accumulation at key levels.

MACD & RSI

The MACD turned positive around 19:30 (2025-10-04) and remained above the signal line, confirming a growing bullish momentum. RSI climbed into the 50–60 range by the close, indicating a strong but not yet overbought condition. This combination suggests that while the rally remains healthy, it could pause for consolidation near 1,790,000 ARS before resuming.

Bollinger Bands

Bollinger Bands showed a slight expansion as the price moved toward the upper band in the final hours. Price closed near the upper band, suggesting a period of high volatility and a potential test of resistance at 1,790,000 ARS. If the price continues above the 1,785,000 ARS level, it may enter overbought territory, raising the chance of a short-term pullback.

Volume & Turnover

Volume surged during the final three hours of the session, confirming strength in the upward move. Notional turnover increased sharply in line with price, supporting the view that the move was backed by real buying interest. A divergence in volume was not observed, suggesting the move is structurally sound and likely to continue.

Fibonacci Retracements

Applying Fibonacci to the 16:30–19:30 (2025-10-04) swing shows that the price retraced to the 61.8% level at around 1,757,000 ARS before turning higher. The 78.6% level is now at 1,772,000 ARS, with the price currently above it. On the daily chart, the 61.8% level aligns with 1,795,000 ARS, indicating a key area to watch for potential consolidation or reversal.

Backtest Hypothesis

Given the combination of a bullish engulfing pattern, strong volume confirmation, and alignment of short-term and medium-term moving averages, a potential backtesting strategy could be based on a breakout buy signal at 1,770,000 ARS with a stop-loss below the prior swing low at 1,750,000 ARS. A take-profit target could be set at the 1,795,000 ARS Fibonacci level, with the MACD and RSI used to confirm exit signals. This setup suggests a risk-reward profile of at least 1:1.5, making it a viable short-term trade for traders seeking directional exposure to BNBARS.

Looking ahead, if BNB/Argentine Peso (BNBARS) sustains above 1,780,000 ARS, the pair may test 1,795,000 ARS in the next 24 hours. However, a retest of the 1,770,000 ARS level could be expected if the market enters consolidation mode. Investors should monitor volume and RSI divergence for early signs of exhaustion.