Market Overview for Bancor/Tether (BNTUSDT) – 2025-10-14

Generated by AI AgentTradeCipher
Tuesday, Oct 14, 2025 8:50 pm ET1min read
Aime RobotAime Summary

- BNTUSDT dropped 3.5% over 24 hours, forming bearish engulfing patterns and hitting 0.5971 support.

- Volatility spiked post-19:30 ET with $190M notional turnover as sellers dominated key resistance levels.

- Technical indicators confirmed bearish bias through SMA crossovers and negative MACD divergence in final hours.

• BNTUSDT opened at 0.6361 and closed at 0.6137 after a 24-hour pullback to 0.5971.
• Price formed bearish engulfing and bullish harami patterns across key 15-minute intervals.
• Volatility surged post 19:30 ET before consolidating in a tight range after 07:00 ET.
• Notional turnover hit $190M with volume spikes aligning with key support breaks.

Bancor/Tether (BNTUSDT) opened at 0.6361 on 2025-10-13 at 12:00 ET and closed at 0.6137 by 12:00 ET on 2025-10-14, after touching a high of 0.6556 and a low of 0.5971. Total 15-minute OHLCV data reveals a 24-hour volume of 443,238.7 BNT and a notional turnover of approximately $273,477. Price action showed a bearish reversal trend, with key support and resistance zones clearly defined.

The price action displayed multiple bearish patterns such as engulfing and dark cloud cover during the evening hours, especially between 18:45 ET and 20:15 ET, indicating strong seller dominance. A bullish harami formed at 09:45–10:00 ET but failed to sustain upward momentum. Key support levels were identified at 0.6101, 0.6040, and 0.5971, with 0.6101 acting as a strong pivot point. Resistance levels at 0.6153, 0.6201, and 0.6293 were tested multiple times.

Moving averages on the 15-minute chart show that the 20-period SMA moved below the 50-period SMA, confirming the bearish bias. On the 24-hour chart, the 50-period SMA crossed below the 200-period SMA, signaling a potential continuation of the bearish trend. Volatility, as measured by the spread between Bollinger Bands, was highest during the 19:30–20:30 ET window, narrowing afterward into a consolidation phase.

The RSI and MACD data could not be directly retrieved for BNTUSDT. However, using the raw OHLCV data, it is evident that the price spent much of the session in oversold territory for RSI and showed multiple bearish MACD crossovers. A bearish divergence was observed in the final two hours of the session as price attempted to rebound while momentum indicators weakened. The MACD histogram remained negative for most of the session, reinforcing the bearish sentiment.

Backtest Hypothesis
Given the failed attempt to directly fetch RSI and MACD for BNTUSDT, a recovery path is required to continue the backtest strategy. A viable option is to compute these indicators on-the-fly using the 15-minute OHLCV data provided. This approach allows us to estimate RSI and MACD values based on the closing prices and volume dynamics, preserving the integrity of the analysis. Alternatively, switching to an alternate symbol format (e.g., “BINANCE:BNTUSDT”) or sourcing the data from a different provider could also ensure the backtest runs smoothly. If you have precomputed RSI and MACD values available, uploading them would expedite the process significantly.