Basic Attention Token/Tether (BATUSDT) Market Overview

Summary
• Price declined sharply from $0.224 to $0.2017 over 24 hours with strong bearish momentum.
• RSI and MACD suggest overbought to oversold shift, with RSI near oversold territory.
• Volatility expanded as price dropped below key support levels with volume rising.
• Bollinger Bands tightened before the selloff, followed by a sharp deviation from the lower band.
• Fibonacci retracement at 61.8% ($0.209) appears to be acting as a critical support level.

Market Snapshot

The Basic Attention Token/Tether (BATUSDT) pair opened at $0.224 on November 11, 2025 (12:00 ET - 1), reached a high of $0.2251, and a low of $0.1999, closing at $0.2017 on November 12, 2025 (12:00 ET). The total trading volume over 24 hours was 9,285,209, and the notional turnover (volume × price) amounted to approximately $1,870,473. The pair exhibited a sharp bearish trend with multiple bearish candlestick patterns and declining momentum.

Structure & Formations

The 15-minute chart revealed strong bearish bias with several engulfing patterns, including a bearish engulfing on the 17:30 ET candle. A notable bearish divergence formed as prices dropped below the $0.218 support, followed by a breakdown to $0.209 and then $0.2017. The Fibonacci 61.8% retracement level at $0.209 is currently a key support level, with price bouncing off it once and testing it again. The 16:00–18:00 ET period displayed multiple lower lows and higher selling pressure.

MACD & RSI

The RSI on the 15-minute chart moved from overbought territory early on to a near-oversold condition by the 16:15 ET candle. MACD lines crossed below zero with bearish momentum, indicating a shift in trend. Both indicators confirmed the bearish bias and highlighted the weakening of the short-term bullish momentum. If the price remains below $0.209, RSI could signal a potential oversold bounce, though this would require strong reversal volume for confirmation.

Bollinger Bands

Volatility was relatively low during the early hours with the price consolidating within the Bollinger Bands. However, as the market turned sharply bearish, the price dropped below the lower band, indicating a potential breakout to the downside. The contraction in the bands before 15:00 ET acted as a warning of an impending breakout, and the post-breakout expansion is a sign of heightened volatility. The bands may now widen further if the selloff continues.

Volume & Turnover

Volume spiked during the 15:00–17:00 ET period, especially at the key breakdowns below $0.218 and $0.209. The 16:15–16:45 ET candles saw the largest turnover, suggesting significant selling pressure. The divergence between volume and price (with volume rising as price fell) reinforces the bearish bias. A reversal in volume could indicate a shift in sentiment.

Fibonacci Retracements

Using the major 24-hour swing high of $0.2251 and the low of $0.1999, the 38.2% retracement level is at $0.214, while the 61.8% is at $0.209. Price has tested both levels with the 61.8% acting as a strong support. If it breaks below that, the next potential target is $0.197. For the 15-minute chart, intra-hour retracements suggest a key area at $0.203–0.205 that may provide a bounce opportunity.

Backtest Hypothesis

To effectively run a 14-day RSI-based backtest for BATUSDT, it is essential to clarify the correct exchange-qualified symbol for data retrieval. The pair is likely listed on exchanges like Binance or KuCoin, but without a precise symbol (e.g., “BATUSDT.BINANCE”), the RSI-oversold signals cannot be accurately calculated. If the RSI-oversold signal dates are already available, they can be used directly to evaluate the 5-day-hold strategy from January 1, 2022, to the present. Alternatively, the RSI could be calculated manually using the daily close prices from a specified exchange. Clarifying the symbol or providing the signal dates will allow for a precise backtest.