Market Overview for Band/Tether (BANDUSDT) — 2025-09-20

• Band/Tether (BANDUSDT) rose from 0.725 to 0.747 over 24 hours, with a key breakout above 0.740
• Volume surged to 30661.5 near 0.739, confirming strength in the late afternoon
• RSI reached 63, suggesting moderate momentum with no overbought warning
• Price retested 0.732–0.735 multiple times before confirming a bullish breakout
• Volatility expanded in the late afternoon as Bollinger Bands widened

Band/Tether (BANDUSDT) opened at 0.725 on 2025-09-19 12:00 ET, reached a high of 0.748, and closed at 0.743 on 2025-09-20 12:00 ET. Total volume over the 24-hour period was 695,000.0, and notional turnover was $522,870. The pair has shown a strong bullish bias after breaking above key resistance levels and confirming momentum through volume expansion.

Structure & Formations

Price action on BANDUSDT exhibited a strong bullish bias, particularly in the afternoon and early evening. A key resistance level at 0.732–0.735 was tested multiple times, with each attempt to push below met with buying support. A bearish engulfing pattern at 0.734–0.732 failed to hold, and the price quickly rebounded. In the final hours, a strong bullish breakout above 0.740 was confirmed by increasing volume and a 15-minute bullish engulfing candle at 0.738–0.741.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages both crossed below the price in the early session, but the trend reversed as the 20-period moved above the 50-period. The 50-period line acted as a dynamic support in the late morning and early afternoon, reinforcing the bullish case. On the daily chart, the 50-period MA appears to be approaching the current price level from below, suggesting a potential retest for confirmation.

MACD & RSI

MACD showed a bullish crossover in the afternoon, aligning with the breakout move. The histogram expanded as price pushed higher, indicating increasing momentum. RSI moved from neutral territory into overbought territory in the final hours, reaching 63, suggesting strong upward pressure but not yet at a critical overbought threshold. Divergences between price and RSI were absent, indicating solid conviction behind the recent gains.

Bollinger Bands

Volatility increased markedly in the late afternoon, with Bollinger Bands expanding as price broke out above the upper band. This expansion is a sign of a breakout in progress. The price remained above the midline of the bands for most of the session, with the lower band acting as a support line that was tested but not broken. This suggests the market is entering a phase of higher uncertainty and directional bias.

Volume & Turnover

Volume spiked at 0.738–0.741, confirming the breakout move with a large volume of 30661.5. Notional turnover also rose sharply in the late afternoon, aligning with the price action. There was no significant divergence between volume and price, indicating the buying pressure was genuine and not driven by wash trading or order book manipulation. The overall volume profile supports the recent bullish trend.

Fibonacci Retracements

Fibonacci retracement levels showed that the recent 15-minute swing from 0.722 to 0.748 aligned with key levels at 0.732 (38.2%) and 0.739 (61.8%). Price found support at the 38.2% level before rebounding and breaking above the 61.8% level. On the daily chart, the 0.743 close aligns with the 61.8% retracement of a larger bearish swing, suggesting further bullish potential if this level holds.

Backtest Hypothesis

A potential backtesting strategy could involve entering a long position upon a bullish breakout above a dynamic support line (e.g., the 50-period MA), with a stop-loss placed below the most recent swing low. This approach would align with the observed structure and volume confirmation seen during the late afternoon breakout. Given the recent surge in momentum, this strategy could be tested using historical data from similar breakout patterns over the past 60 days. If the price remains above the 0.740 level and RSI stays in overbought territory, the strategy may generate a higher win rate in a bullish environment.