Market Overview for BNB/Argentine Peso (BNBARS) – October 3, 2025

• BNB/Argentine Peso (BNBARS) surged to a 24-hour high of 1,777,930.
• Momentum picked up after 19:00 ET, with a bullish continuation pattern forming.
• Volatility expanded in the final hours, with a sharp increase in turnover.
• A bullish breakout above the 1,682,788 level may indicate strong short-term demand.
• Key resistance appears at the 1,750,000 level, with support near the 1,660,000 level.

The 24-hour candle for BNB/Argentine Peso (BNBARS) opened at 1,630,368 on October 2, 2025 at 12:00 ET and closed at 1,777,930 at the same time on October 3. The high reached was 1,777,930, while the low was 1,615,097. Total volume over the 24 hours was 39.688 units, and notional turnover amounted to approximately 56.54 billion Argentine Pesos (based on the weighted average of close prices).

The structure over the 15-minute chart shows a strong bullish trend with multiple engulfing patterns forming after 19:00 ET and a key breakout forming at the 1,682,788 level. A notable doji formed at 23:45 ET, signaling potential exhaustion before the final surge. Key support levels appear to be forming at 1,660,000 and 1,630,000, while resistance levels are at 1,750,000 and 1,780,000.

Bollinger Bands show a significant expansion in the last 6 hours, confirming the rising volatility. Price closed near the upper band, indicating strong bullish momentum. The 20-period moving average is at 1,697,000, and the 50-period moving average is at 1,683,000, with the price well above both lines, reinforcing the upward trend. On the daily chart, the 50-day and 200-day moving averages have been crossed, signaling a potential trend continuation.

The RSI reached overbought territory in the final 3 hours, peaking at 75, suggesting caution for short-term traders. MACD remains in positive territory, with a strong bullish crossover forming. While the momentum is strong, the overbought condition and recent sharp move could trigger a pullback or consolidation in the near term.

In the next 24 hours, BNBARS may test its key resistance level at 1,780,000, but a close above that would confirm a stronger bull case. However, traders should be cautious of a short-term pullback as the RSI indicates overbought conditions. A breach of the 1,660,000 level could reverse the bullish trend, so monitoring that level is essential.

Backtest Hypothesis

A potential backtesting strategy for this market would involve entering long positions on bullish engulfing patterns forming above the 20-period moving average, with a stop-loss placed just below the most recent swing low. A target can be set at the next Fibonacci resistance level (61.8% at 1,754,377) and exited at the upper Bollinger Band. This approach leverages both momentum and trend confirmation. Given the recent volume spike and MACD strength, such a strategy may yield favorable risk-reward ratios, particularly if the trend continues beyond 1,750,000.