Market Overview for Band (BANDUSDT) — 24-Hour Summary (2025-08-25)

• Band experienced a 16.2% decline over 24 hours, hitting a 24-hour low of $0.965.
• Price found temporary support at the 20-period moving average during afternoon hours.
• A bearish divergence in RSI suggests fading momentum, with oversold conditions emerging.
• Volatility expanded midday, with Bollinger Bands widening as volume surged past $519,000.
• A key support level appears to be forming between $0.972 and $0.978 based on multiple bounces.

Price Action and Structure

Band opened the 24-hour period on 2025-08-24 at $1.073 and closed at $0.972 by 12:00 ET on 2025-08-25. During the session, it reached a high of $1.102 and a low of $0.965. The price structure showed a strong bearish bias, with a clear breakdown from the $1.075 level after a failed attempt to retest that resistance multiple times. A large bearish engulfing pattern was observed in the 19:45–20:00 ET candle as BANDUSDT fell from $1.088 to $1.056. A series of lower lows and higher lows formed a descending channel, confirming a bearish trend. Key support levels emerged at $0.972–$0.978 and $0.965–$0.970, with the 20-period MA (15-min) acting as a temporary floor in the afternoon.

Moving Averages and Momentum

On the 15-minute chart, the 20-period and 50-period moving averages were both bearish, with price consistently below both and showing no sign of a reversal. On the daily chart, the 50-period and 200-period moving averages confirmed a bearish crossover, reinforcing the broader trend. The RSI has entered oversold territory near 30, suggesting the decline may be exhausting, though this does not guarantee a reversal. The MACD line crossed below the signal line early in the session, turning negative and indicating bearish momentum that has continued throughout the period.

Volatility and Bollinger Bands

Volatility showed a significant increase during the 19:45–20:00 ET hour as the Bollinger Bands expanded, and price gapped down from the upper band to near the middle band. The bands remained wide for several hours before slowly contracting in the morning, suggesting a possible consolidation phase. Price has remained below the 20-period MA and within the lower half of the bands, indicating continued bearish pressure and a lack of conviction in buyers.

Volume and Turnover Analysis

The 24-hour volume was 2,711,111.4, with a notional turnover of $2,628,015. A sharp spike in volume was recorded at 19:45 ET with a turnover of $519,004 in a single 15-minute candle, coinciding with the bearish breakdown from $1.088 to $1.056. This suggests heavy selling pressure at that level. Turnover diverged from price in the late morning hours, with lower highs in price and higher turnover, signaling lingering bearish sentiment despite the price stabilizing.

Fibonacci Retracements and Key Levels

Applying Fibonacci retracement levels to the recent 15-minute swing high of $1.102 and the subsequent low of $0.965, the 38.2% retracement level is at $1.032, while the 61.8% level is at $1.061. Price briefly bounced off both levels during the session but failed to hold. On the daily chart, a Fibonacci extension from the broader downtrend suggests that a key support area lies between $0.950 and $0.970. These levels may offer a chance for a short-term rebound, though a sustained move above the 20-period MA will be needed for a reversal to be confirmed.

Band may find short-term stability near $0.972–$0.978, with a potential test of $0.965 ahead. However, without a strong reversal in volume and momentum indicators, a further pullback could be expected. Investors should remain cautious of a break below $0.965 and consider risk management strategies accordingly.