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Summary
• Price action formed a sharp bearish breakdown with a 1.1% 24-hour decline.
• Key support tested at $0.247–$0.248, with increasing bearish volume.
• MACD turned negative, RSI under 40, suggesting oversold but weak momentum.
• Volatility expanded in the late ET hours, with a large 5-minute bearish bar at 22:15 ET.
• Fibonacci levels at 0.2476 (38.2%) and 0.2447 (61.8%) appear relevant for near-term direction.
The Basic Attention Token/Tether pair (BATUSDT) opened at $0.2539 at 12:00 ET−1 and closed at $0.2467 by 12:00 ET, hitting a high of $0.2555 and a low of $0.2439. Total 24-hour volume was 6.7 million, with notional turnover exceeding $1.6 million. The price action reflected a prolonged bearish phase with significant selling pressure during the late ET session.

The 38.2% retracement level of the prior bullish swing was at $0.2476, which was briefly tested but not defended. The 61.8% level at $0.2447 appears critical for near-term bearish continuation.
Looking ahead, the market may test $0.2447 in the next 24 hours, with a break below that level likely to open the door to further downside. However, investors should remain cautious for potential short-term bounces as the RSI suggests oversold conditions.
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