Market Overview for Bancor/Tether (BNTUSDT)

• • •

• BNTUSDT surged past 0.7432, forming a bullish breakout above key resistance.
• Volume spiked over 28,832 BNT in 15-minute candles, confirming price strength.
• RSI hit neutral territory, suggesting no immediate overbought condition.
• Price retested the 0.7385 support, holding well to affirm bullish momentum.
• Bollinger Bands show tightening volatility, hinting at a potential break.

15-Minute Price Action and Structure

On 2025-09-18 at 12:00 ET, BNTUSDT opened at 0.7385, following a 24-hour open of 0.7189 on 2025-09-17 at 12:00 ET. The pair reached a high of 0.7449, a low of 0.7165, and closed at 0.7439. Total trading volume for the 24-hour period was 28832.2 BNT, with a notional turnover of $20,905.7 (at average price 0.726).

Price action showed a strong upward bias with a decisive move above 0.7432, a key resistance level. A bullish breakout candle at 0.7439–0.7439 confirmed the reversal of bearish momentum. A key bullish engulfing pattern was visible at 0.7439–0.7439, which followed a period of consolidation and breakout confirmation. A doji at 0.7392 marked a potential reversal point in earlier bearish action.

Support and Resistance Levels

The most immediate support levels to watch are at 0.7385 and 0.7357, with 0.734 being a deeper level. On the upside, key resistances include 0.7439, 0.7455, and 0.7473. A sustained close above 0.7455 could signal a continuation of the bullish trend, with 0.7473 as the next probable target.

Moving Averages and Momentum

On the 15-minute chart, the price crossed above both the 20-period and 50-period moving averages during the early morning hours. This suggests short-term bullish momentum. On the daily chart, the 50-period MA is at 0.7382, with the 100-period at 0.7357 and the 200-period at 0.7321. The price is currently above all three, indicating a strong bullish bias.

MACD and RSI

The MACD showed a positive divergence, with the line rising and the histogram expanding, indicating strengthening bullish momentum. The RSI is currently at 61.7, suggesting that the pair is not overbought and still has potential for further gains. A move above 67.6 could indicate a stronger bullish signal.

Bollinger Bands and Volatility

Bollinger Bands showed a period of tightening in the early morning hours, which was followed by a breakout and expansion of the bands. The price closed near the upper band, which is typically a bearish signal unless accompanied by high volume. However, the high volume in this case supports the bullish move.

Volume and Turnover

The highest volume was recorded at 28832.2 BNT at 0.7392, with a corresponding notional turnover of $20,905.7. The price and volume were aligned, confirming the strength of the bullish breakout. A divergence between price and volume was not observed, which suggests that the trend is likely to continue for the next 24 hours.

Fibonacci Retracements

Applying Fibonacci to the recent 15-minute swing from 0.7165 to 0.7449, key retracement levels at 0.7308 (38.2%), 0.7278 (61.8%), and 0.7264 (78.6%) are currently relevant. A retest of 0.7392 could serve as a confirmation of support and continuation of the bullish trend.

Backtest Hypothesis

A potential backtesting strategy for BNTUSDT could involve a breakout and trailing stop approach. Given the recent price action and volume confirmation, a long entry could be placed just above the 0.7432 resistance level, with a stop just below the 0.7385 support. A take-profit target could be set near 0.7455–0.7473. This strategy leverages the observed bullish momentum, strong volume, and key Fibonacci levels for a potentially rewarding trade. A trailing stop after the breakout would help lock in gains as the trend continues.