BANDUSDT Market Overview for 2025-09-26

• Price declined sharply from 0.638 to 0.612 before rebounding.
• Volume spiked at 0.610–0.615, confirming short-term support.
• RSI dipped into oversold territory, suggesting potential bounce.
• Bollinger Bands expanded, indicating increased volatility.
• MACD crossed into negative territory, signaling bearish momentum.

Band/Tether (BANDUSDT) opened at 0.636 on 2025-09-25 at 16:00 ET and closed at 0.621 on 2025-09-26 at 12:00 ET, with a low of 0.606 and a high of 0.638. Total volume across the 24-hour period was 1,105,640.5, and total turnover reached $679,149.10.

Structure & Formations

The price action over the 24-hour period showed a distinct bearish bias, characterized by a sharp decline from 0.638 to 0.612, with a notable bounce at the 0.610–0.615 support level. The formation around 0.612 to 0.624 suggests a consolidation phase following the initial drop. A key bullish reversal pattern was observed at 0.610, with a long lower shadow and a closing near the high of the candle, indicating buying pressure at key support. The most recent 15-minute candle at 0.632–0.633 appears to be forming a potential bullish engulfing pattern, suggesting a possible short-term reversal.

Moving Averages

On the 15-minute chart, the price has been trading below both the 20-period and 50-period moving averages, reinforcing the bearish bias. The 50-period MA has been acting as a dynamic resistance, currently sitting at 0.625. On the daily chart, the 50- and 100-period MAs have also diverged downward, with the 200-period MA offering a critical long-term support at 0.614. The price appears to be in a medium-term downtrend based on the moving averages, but a sustained move above 0.625 could signal a shift in sentiment.

MACD & RSI

The MACD has turned negative and remains in bearish territory, with the line crossing below the signal line around 0.616–0.618 and maintaining a negative slope. This reinforces the ongoing bearish momentum. The RSI has dipped into oversold territory at 28–30, which historically may indicate a potential bounce or short-term rebound. However, without a clear break above the 50-level on the RSI, the downtrend remains intact. The combination of oversold RSI and negative MACD suggests a potential for a countertrend rally, but the momentum is likely to remain weak unless the price breaks above 0.625.

Bollinger Bands

Bollinger Bands have expanded significantly following the sharp decline, with the upper band reaching 0.638 and the lower band hitting 0.606. The price is currently trading near the lower band at 0.612–0.615, indicating a high volatility environment. The contraction in band width prior to the drop suggests a period of consolidation before the breakout. The price may test the upper band again if the recent bullish reversal at 0.610–0.615 holds, but a sustained move below the lower band would signal deeper bearish pressure.

Volume & Turnover

The highest volume was observed during the sharp decline from 0.636 to 0.612, with a 15-minute candle at 19:00–19:15 ET showing the largest turnover at $17,661.40. This suggests strong bearish conviction during that period. In contrast, the volume has cooled off since the price bounced off the 0.610–0.615 support. The volume at the recent rebound has been lower, which may indicate weaker conviction behind the bounce. A continuation of low volume while the price remains in the 0.610–0.625 range would likely keep the market in a consolidation phase until a breakout is confirmed.

Fibonacci Retracements

Applying Fibonacci levels to the recent 15-minute move from 0.638 to 0.606, the 38.2% retracement is at 0.625, and the 61.8% retracement is at 0.617. The price has already tested both levels, with the 0.625 level acting as a key resistance. The 61.8% retracement at 0.617 appears to be consolidating as a new support level. On the daily chart, the 50% retracement from the last major move lies at 0.624, which aligns with the 15-minute 38.2% level and could serve as a dual test point for the price in the next 24 hours.

Backtest Hypothesis

The backtest strategy involves using the 15-minute chart to identify bullish reversal patterns, particularly the bullish engulfing, at key Fibonacci retracement levels. A long entry would be triggered when a bullish engulfing pattern forms at or near the 61.8% or 38.2% retracement levels, with a stop-loss placed just below the low of the pattern. A target is set at the nearest resistance level (e.g., the 50-period MA). Given today’s price action, a potential entry could be considered at the 0.610–0.615 level, where a bullish engulfing pattern was observed, with a stop at 0.606 and a target at 0.625. This strategy aligns with the current setup, assuming volume supports the pattern and the RSI remains in oversold conditions.