Market Overview for Band/Tether (BANDUSDT) on 2025-09-14

• Band/Tether (BANDUSDT) broke key support at 0.770 but showed limited bearish follow-through.
• A bearish MACD crossover and overbought RSI flagged exhaustion on the long side.
• Volatility remained elevated, with Bollinger Band expansion visible in late-night trading.
• Volume spiked during the breakdown but failed to confirm a strong bearish bias.
• Short-term Fibonacci levels at 0.774 (61.8%) and 0.768 (38.2%) could see near-term action.

Band/Tether (BANDUSDT) opened at 0.782 on 2025-09-13 12:00 ET and closed at 0.767 as of 2025-09-14 12:00 ET. The pair hit a high of 0.789 and a low of 0.767 over the 24-hour period. Total trading volume was 322,895.06, and total turnover amounted to $245,392.72.

Structure & Formations

The price formation over the past 24 hours displayed a clear breakdown from a consolidation range. Key support at 0.770 was breached during the early hours of 2025-09-14, followed by a continuation to 0.768. A large bearish candle on the 15-minute chart at 04:15 ET confirmed the breakdown. A bullish reversal candle was seen at 22:15 ET, but it lacked sufficient follow-through. A potential bearish engulfing pattern emerged around 04:15 ET as the candle opened near the previous high and closed near the session low, suggesting bearish dominance.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed bearishly in the early hours, signaling a shift in momentum. The 50-period MA at ~0.776 and the 20-period MA at ~0.773 confirmed a downward trend. On the daily chart, the 50-period MA at ~0.779 and 100-period MA at ~0.780 indicate a neutral to slightly bearish setup, with the 200-period MA at ~0.785 acting as a distant resistance.

MACD & RSI

The MACD turned negative in the early hours of 2025-09-14, with a bearish crossover occurring below the zero line. This was accompanied by a sharp decline in the MACD histogram, signaling weakening bullish momentum. The RSI, which had reached overbought territory (above 70) in the early hours of 2025-09-13, later moved into oversold territory (below 30) by 04:00 ET, suggesting a potential short-term rebound could be on the table.

Bollinger Bands

Bollinger Bands were in a state of expansion, particularly between 04:00 ET and 08:00 ET, indicating heightened volatility. The price traded below the lower band for much of this period, especially during the breakdown phase. This suggests a continuation of the bearish trend may be likely in the short term, but a retest of the upper band around 0.783–0.784 could offer a potential reversal setup.

Volume & Turnover

Volume surged during the breakdown at 04:15 ET, with a 15-minute candle showing 10,099.0 volume and $7,830.7 turnover. This was one of the largest volume bars of the day, confirming the bearish move. However, subsequent volume bars showed a decline, indicating possible exhaustion. Turnover also spiked during the breakdown phase but failed to sustain higher levels, pointing to a potential pause in bearish momentum.

Fibonacci Retracements

Applying Fibonacci retracement to the recent swing from 0.768 to 0.789, key levels include 0.774 (61.8%) and 0.779 (38.2%). The 61.8% level appears to act as a short-term support, while the 38.2% level could offer a potential bounce zone. On the daily chart, retracements from the prior high at 0.789 suggest a target of 0.773 as the next likely support.

Backtest Hypothesis

Given the bearish setup on the 15-minute chart and the confirmation from MACD and RSI divergence, a potential backtest strategy could involve a short entry upon a break of the 0.774 level with a stop above 0.778 and a target at 0.768. This approach would align with the current bearish momentum and Fibonacci support levels. Testing this strategy over historical data could help assess its robustness and refine risk parameters.