Basic Attention Token/Tether (BATUSDT) Market Overview: 24-Hour Technical Summary for 2025-09-16

• Price rose from 0.1514 to a 24-hour high of 0.1563, closing at 0.1552 with strong late-day momentum.
• Volatility expanded with increasing volume toward the end of the day, especially during the 13:00–15:00 ET window.
• RSI showed moderate bullish momentum, with price testing the upper Bollinger Band during the final hours.
• A bullish engulfing pattern formed around 08:00–09:00 ET, supporting the upward move.

At 12:00 ET on 2025-09-15, BATUSDT opened at 0.1523 and closed at 0.1552 by 12:00 ET the next day. The pair reached a 24-hour high of 0.1563 and a low of 0.1513, with total volume of 1,354,084.0 and turnover of 207.9474.

The price trend showed a clear upward bias during the late hours of the 24-hour period, particularly from 08:00–13:30 ET. A strong bullish engulfing candle formed around 08:00–09:00 ET, which marked the beginning of a sustained rally. Key resistance levels are emerging near 0.1557–0.1563, while support is now forming around 0.1542–0.1548. A doji-like pattern is visible near 0.1547, suggesting a potential short-term consolidation.

Structure & Formations

The candlestick pattern suggests a shift in sentiment from bearish to bullish. The bullish engulfing pattern at 08:00–09:00 ET is a strong reversal signal after a period of consolidation. A key support level is now forming near 0.1542, which was tested during the early hours of the 24-hour period. Resistance appears to be forming near 0.1557–0.1563, where the price showed signs of hesitating before moving higher.

Moving Averages and Momentum

A 15-minute chart using 20 and 50-period moving averages shows that price has been consistently above both, indicating a short-term bullish trend. The 50-period line is trending upward, while the 20-period line is ahead, suggesting a potential continuation of the trend. On the daily chart, price remains above the 50 and 100-period lines but approaches the 200-period line, which could serve as a medium-term target.

The MACD is in positive territory and trending upward, confirming the bullish momentum. RSI stands at approximately 55–60 during the last few hours, indicating moderate bullish momentum, though not in overbought territory. This suggests room for further upward movement before a correction may be needed.

Bollinger Bands and Volatility

Volatility increased sharply during the late hours of the 24-hour window. The price moved above the upper Bollinger Band in the final 3–4 hours, indicating a breakout from a period of consolidation. This suggests increased bullish conviction among traders, though the width of the bands indicates a period of heightened volatility. If the price consolidates near the upper band in the next 24 hours, it could confirm a stronger bullish trend.

Volume and Turnover

Volume spiked significantly during the late hours, particularly between 13:00–15:00 ET, where the volume exceeded 111,954. Notional turnover also increased, confirming the price action. The divergence between volume and price during the earlier hours (02:00–06:00 ET) suggests some bearish pressure, but this was quickly overcome by late-day buying interest. The final 24-hour volume was well above average, confirming the strength of the move.

Fibonacci Retracements

Applying Fibonacci retracements to the recent 15-minute swing (0.1513–0.1563), key levels at 38.2% (0.1536), 50% (0.1538), and 61.8% (0.1543) were all tested during the 24-hour period. The current close of 0.1552 sits above the 61.8% level, suggesting further bullish momentum is possible. On the daily chart, Fibonacci levels from previous moves also show strong confluence with key support and resistance zones, reinforcing the significance of these levels.

Backtest Hypothesis

Given the observed bullish momentum and strong volume confirmation during the late hours, a potential backtest strategy could involve a long entry at or near the 0.1543 Fibonacci level with a stop-loss below 0.1531 (the recent low). The target would be set at 0.1563 (the 24-hour high) and potentially extend to 0.1575 if the bullish bias holds. This strategy aligns with the observed technical signals—bullish engulfing patterns, RSI above neutral territory, and MACD divergence—all of which support the idea of a continuation pattern.