Market Overview for Bancor/Tether (BNTUSDT) – 2025-09-23

• BNTUSDT opened at 0.6617 and closed at 0.6718, gaining ~1.5% over 24 hours.
• Price found key support near 0.6580 and tested resistance at 0.6690–0.6700 multiple times.
• Volatility increased after 00:00 ET, with Bollinger Band expansion observed.
• RSI remained in healthy range (45–60), no clear overbought/oversold signals.
• Volume spiked above average during 00:00–03:00 ET, confirming bullish price action.

Market Snapshot

Bancor/Tether (BNTUSDT) opened at 0.6617 on 2025-09-22 12:00 ET and closed at 0.6718 on 2025-09-23 12:00 ET. The pair reached a high of 0.6748 and a low of 0.6576 during the 24-hour period. Total volume traded was 258,042.05, with a notional turnover of approximately $171,266.90. Price action showed clear consolidation around key levels and increasing participation in overnight trading hours.

Structure & Formations

Price developed a bullish pattern around 0.6600–0.6700, characterized by a sequence of bullish engulfing and inside bars. A key resistance cluster emerged around 0.6700–0.6715, where the price bounced twice before breaking out. A bearish doji at 0.6720 in the early morning suggested indecision, but buyers retook control shortly after. Key support levels were identified at 0.6600, 0.6580, and 0.6576, with the latter acting as a critical floor during the session.

Volume & Turnover

Volume surged above average levels between 00:00 and 03:00 ET, coinciding with a sharp price rally. Notional turnover also increased during this period, confirming the bullish breakout. However, volume began to wane after 06:00 ET despite continued sideways consolidation, suggesting fading momentum. Divergence in volume vs. price during the afternoon suggests reduced conviction from traders.

MACD & RSI

MACD remained in positive territory with a narrowing histogram, suggesting diminishing bullish momentum. RSI hovered between 45 and 60 for most of the session, indicating a balanced market with no overbought or oversold signals. A slight divergence appeared between the RSI and price during the 07:00–08:30 ET period, as price moved lower while RSI remained stable. This suggests a potential bearish shift, though not yet confirmed.

Bollinger Bands

Bollinger Bands expanded significantly after 00:00 ET, reflecting increased volatility during the breakout. Price spent most of the session within the bands, with occasional touches near the upper and lower boundaries. The upper band was last tested near 0.6748, and a break above that level could signal a new bullish phase.

Fibonacci Retracements

Applying Fibonacci levels to the 15-minute swing from 0.6576 to 0.6748, the key retracement levels at 0.6636 (38.2%) and 0.6683 (61.8%) provided clear support/resistance during the consolidation phase. The 0.6683 level coincided with a bearish doji and failed attempt to push higher, suggesting caution for near-term traders. Daily Fib levels indicated a potential target at 0.6800 if the current rally continues.

Backtest Hypothesis

A potential backtest strategy involves entering long positions when BNTUSDT breaks above the 20-period moving average on a 15-minute chart, confirmed by a bullish candle and rising RSI above 50. Traders may set a stop-loss below the 0.6680 support and target 0.6748–0.6760, with an exit triggered if RSI dips below 50 or the 20-period MA. Given the recent volume pattern and price structure, this strategy appears to align with current momentum and could provide a favorable risk-reward profile in the next 24–48 hours.