Band/Tether (BANDUSDT) Market Overview: 24-Hour Candlestick Breakdown (2025-10-28)

• BAND/USDT closed 0.002 lower at 0.538, pressured by bearish divergence and high volume sell-offs in late ET hours.
• 15-minute RSI hit overbought at 61.8% Fib before a sharp reversal, while MACD signaled bearish crossover.
• Volatility expanded post 20:00 ET with 0.535 support tested, though volume failed to confirm a break.
• Bollinger Bands tightened ahead of a 0.540-0.550 range breakout attempt, now stalled below key resistance.

Band/Tether (BANDUSDT) opened at 0.544 on 2025-10-27 at 12:00 ET and closed at 0.538 by 12:00 ET on 2025-10-28. The pair traded as high as 0.553 and as low as 0.532, with a total volume of 541,918 and a notional turnover of 287,053. The 24-hour chart shows a bearish consolidation trend, with key levels and patterns emerging on the 15-minute time frame.

Structure & Formations

The 15-minute chart reveals a notable bearish engulfing pattern at 0.553–0.552 on 2025-10-27 19:00 ET, followed by a series of lower highs and lower closes until a bearish pinbar at 0.540–0.537 on 2025-10-28 03:45 ET. These patterns signal weakening bullish momentum. A key support level appears to be forming around 0.535, with a failed attempt to break below it on 2025-10-28 06:00 ET. Resistance remains clustered between 0.540 and 0.553, with multiple failed attempts to re-test higher levels.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed below the price at 0.540–0.538 by 03:45 ET, indicating a bearish shift. On the daily chart, the 50-period MA has fallen below the 100-period MA, adding bearish confirmation. The 200-period MA remains above both, suggesting a longer-term bullish bias, though short-term bearish momentum is strong.

MACD & RSI

The MACD crossed below the signal line at 0.540–0.538, confirming bearish momentum. RSI peaked at 63.5 on 2025-10-27 19:00 ET, entered overbought territory briefly, and then declined sharply into oversold levels below 30 by 03:45 ET. This bearish divergence suggests further consolidation or a potential reversal may be in play.

Bollinger Bands

Bollinger Bands constricted between 0.545 and 0.537 from 02:00 to 03:00 ET, indicating a period of low volatility. After 03:30 ET, the bands expanded as price broke lower, confirming bearish bias. The close of 0.538 sits below the middle band, with the lower band now forming a dynamic support near 0.532–0.534. This indicates that the market is operating in a higher-volatility bearish regime.

Volume & Turnover

Volume spiked sharply at 19:00 ET and again at 06:00 and 03:45 ET, confirming key bearish moves. However, the volume failed to confirm the 0.535 support break on 06:00 ET, suggesting a lack of conviction from sellers. Notional turnover reached 11,520 at 03:45 ET, with a significant drop-off afterward. This volume divergence implies that the bearish trend may not hold unless price breaks below 0.532 with a surge in activity.

Fibonacci Retracements

Applying 38.2% and 61.8% retracement levels to the recent 0.553–0.532 swing, the 0.540 level marks the 61.8% retracement. Price tested this level multiple times without closing above, suggesting it acts as a key psychological resistance. The 0.535 level corresponds to the 38.2% retracement and has held as a critical support level, though it was briefly challenged on 06:00 ET.

Backtest Hypothesis

To backtest a short-term bearish strategy on BANDUSDT, one could consider a long entry at the close of a bearish engulfing pattern, followed by a stop-loss slightly above the high of the pattern. The exit would be set at the 0.535 level, a key support area that has shown resistance to bearish momentum. This approach would require the price to remain below the 0.535 level for a minimum of two consecutive 15-minute candles to confirm the break. If implemented, the strategy would aim to capture the bearish momentum observed during the 19:00–04:00 ET timeframe.