Market Overview for Band/Tether (BANDUSDT) on 2025-09-18

• BANDUSDT surged from 0.695 to 0.750 over 24 hours, showing strong upward momentum.
• Price tested and broke above 0.745, with volume confirming bullish bias.
• RSI reached 65, suggesting potential overbought conditions and possible consolidation.
• Volatility increased, with Bollinger Bands widening and price near the upper band.
• High-volume buying in the late hours suggests strong short-term interest.

BANDUSDT opened at 0.695 at 12:00 ET - 1 and closed at 0.749 at 12:00 ET. The pair reached a high of 0.750 and a low of 0.695. Total trading volume for the 24-hour window was 761,472.6, with notional turnover amounting to $563,994.6. The price showed a clear bullish bias driven by high-volume buying in the late hours.

Structure & Formations

The price of BANDUSDT formed a bullish breakout pattern above 0.745, confirming strength. A key resistance was broken and held, suggesting the pair could continue upward if buyers remain active. The 0.737–0.741 area appears to be a strong support zone based on several consolidations. A large bullish engulfing pattern was observed in the 15-minute chart after 00:30 ET, indicating aggressive buying. A doji in the early hours suggested indecision, but it was quickly resolved to the upside.

Moving Averages

On the 15-minute chart, the price has remained above both the 20-period and 50-period moving averages, suggesting a short-term bullish trend. The 20SMA (0.743) and 50SMA (0.741) are closely aligned, with price currently near the 20SMA. On the daily timeframe, the 50SMA (0.739), 100SMA (0.735), and 200SMA (0.731) are below the current price, supporting the view that the pair is in a longer-term uptrend.

MACD & RSI

The MACD histogram has turned positive and widened in the past six hours, indicating growing bullish momentum. The RSI is currently at 65, near overbought territory, which may signal a short-term pullback. However, as long as RSI remains above 50 and the MACD remains positive, the uptrend could continue. If RSI closes above 70, it might trigger a pause or consolidation phase.

Bollinger Bands

Volatility expanded during the morning hours, with the Bollinger Bands widening. The price has been near the upper band for most of the day, suggesting overbought conditions and a potential correction. A move back to the middle band may offer a short-term consolidation level around 0.743. A break below the lower band would signal a shift in sentiment, though it appears unlikely in the near term.

Volume & Turnover

Volume increased significantly from early morning to late hours, with the most active 15-minute period occurring at 03:15 ET with 29,409.8 volume. Notional turnover also spiked during this period, confirming the strength of the breakout. Price and turnover are aligned, indicating no divergence. The final hours saw a slight cooling of volume but remained well above the 24-hour average.

Fibonacci Retracements

Applying Fibonacci levels to the key swing from 0.695 to 0.750, the 38.2% retracement is at 0.729 and the 61.8% is at 0.718. These levels acted as support during pullbacks and were retested multiple times. A break below 0.718 could trigger further retracement to 0.706 (23.6%). On the daily chart, the 38.2% level at 0.733 is a critical support if the pair pulls back.

Backtest Hypothesis

If a backtesting strategy were to exploit this uptrend, it would likely look for confirmation of bullish momentum through MACD divergence and RSI above 50. A common approach might involve entering long positions when price breaks above a key Fibonacci level (e.g., 0.745), with a stop-loss below the 61.8% retracement at 0.718. Given the strong volume confirmation during the breakout, a strategy that includes volume filters (e.g., volume spikes > 2x average) would improve signal quality and reduce false entries.