Band/Tether USDt Market Overview for 2025-09-10

• Price rose 0.725 to 0.766 amid increased volume, breaking key resistance near 0.755.
• RSI and MACD showed bullish momentum, with price staying above 20-period MA.
• Volatility expanded with Bollinger Bands, confirming trend strength.
• Notional turnover spiked during late ET push to highs, indicating accumulation.
• Fibonacci retracement levels at 0.757 and 0.752 appeared to offer support.

Band/Tether USDt (BANDUSDT) opened at 0.725 at 12:00 ET–1, reached a high of 0.766, and closed at 0.762 by 12:00 ET. The 24-hour volume totaled 1,137,347.5 and notional turnover reached $834,373.67 (assuming $1 = 1 USDT). The pair showed a clear bullish bias with rising volatility and strong volume confirmation.

Structure & Formations

Price formed a bullish ascending triangle pattern during the late ET hours, with key support at 0.752 and 0.747, and resistance at 0.755 and 0.762. A bullish engulfing pattern was visible at 0.75–0.754 on 15-minute data, suggesting continuation of the uptrend. A doji formed at 0.751 during consolidation, indicating hesitation but no reversal. The 0.755 level served as a psychological and Fibonacci 61.8% retracement level from the recent downtrend, now acting as strong support-turned-resistance.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages were both trending upwards, with price consistently above both, reinforcing bullish bias. On the daily chart, the 50-period MA acted as a dynamic support near 0.745, with the 100-period at 0.737 and 200-period at 0.728 providing a longer-term reference for trend strength.

MACD & RSI

The MACD crossed above the zero line during the ET morning, with bullish divergence evident as the histogram expanded during the upward thrust. RSI reached 62 at the high, indicating strong but not overbought momentum. A 15-minute RSI overbought reading at 70 was not confirmed by price, suggesting continuation rather than exhaustion.

Bollinger Bands

Volatility increased sharply as the Bollinger Bands expanded during the late ET rally, with price staying near the upper band. The expansion suggests increasing conviction in the trend, with the lower band at 0.735–0.740 providing a potential floor if a retracement occurs. A contraction was observed earlier in the session, signaling a period of consolidation before the breakout.

Volume & Turnover

Volume spiked during the key breakout in late ET, with the highest volume at 0.75–0.76. Notional turnover aligned with price increases, particularly between 0.754–0.766. A divergence in volume was noted during the morning decline to 0.747–0.749, where volume was low despite a pullback, suggesting strong buying interest at those levels.

Fibonacci Retracements

On the 15-minute chart, price held above the 38.2% retracement at 0.749 and the 61.8% at 0.752 during the morning consolidation. Daily Fibonacci levels showed a 61.8% retracement of the prior bearish move at 0.748, which acted as a key support-turned-resistance. Price’s recent rally has reached the 76.4% extension at 0.762–0.766, suggesting a possible pause or retest.

Backtest Hypothesis

A potential backtest strategy could focus on a breakout of the 0.755–0.757 resistance zone, confirmed by a close above 0.757 with high volume and RSI above 60. A buy signal would be triggered at this level, with a stop-loss placed below 0.752. The target would be 0.765–0.770, aligning with the 78.6% Fibonacci extension and upper Bollinger Band. This setup would test trend continuation during a period of rising volume and strong technical alignment. Given the current structure, this hypothesis aligns well with the observed momentum and could serve as a practical entry framework for short-term bullish positions.