Market Overview for Basic Attention Token/Tether (BATUSDT) on 2025-09-18

• The pair advanced from 0.1543 to 0.1606, posting a 4.07% rise.
• Strong momentum emerged post-0.1580, with a breakout above prior highs.
• Volatility surged during the afternoon, driven by volume spikes in key bullish clusters.
• RSI rose into overbought territory, suggesting potential for profit-taking.
• Bollinger Bands expanded, indicating heightened short-term uncertainty.

Basic Attention Token/Tether (BATUSDT) opened at 0.1543 on 2025-09-17 at 12:00 ET and closed at 0.1606 on 2025-09-18 at 12:00 ET, with a high of 0.1613 and a low of 0.1531. Total volume for the 24-hour period was 2,152,385.00, while notional turnover reached 329,289.91 USD.

Structure & Formations

The pair displayed a bullish bias after breaking above 0.1580, with strong support at 0.1541–0.1543 and a key resistance at 0.1580–0.1585. A bullish engulfing pattern emerged after 17:00 ET, followed by a higher high and higher low formation, indicating short-term bullish momentum. A doji at 0.1603 on 03:15 ET and a spinning top at 0.1604 on 23:00 ET suggest possible near-term consolidation.

Moving Averages

On the 15-minute chart, the 20-period SMA (0.1576) crossed above the 50-period SMA (0.1570), indicating a short-term bullish crossover. On the daily chart, the 50-period SMA (0.1568) and 100-period SMA (0.1565) were closely aligned, with the 200-period SMA (0.1559) acting as a long-term support. Price remains above all three, suggesting continued bullish momentum.

MACD & RSI

The MACD turned positive after 17:00 ET, with a bullish crossover and increasing histogram size, reinforcing the short-term bullish trend. RSI rose to 68–71 by midday on 09-18, entering overbought territory, which may trigger profit-taking. However, RSI did not show divergence against price, supporting the view that the bullish trend is still intact.

Bollinger Bands

Volatility expanded after 17:00 ET, with the 20-period Bollinger Bands widening and the price closing at the upper band (0.1606). This suggests a continuation of the current bullish move. A contraction in volatility was observed before the breakout, increasing the probability of a significant directional move.

Volume & Turnover

Volume surged significantly between 17:00 ET and 22:00 ET, with the largest 15-minute bar at 132,864.00 (0.1560) and 223,915.00 (0.1602), aligning with price highs. Turnover also spiked in these periods, confirming the strength of the bullish move. No significant divergence between price and turnover was observed, supporting the continuation case.

Fibonacci Retracements

Key Fibonacci levels on the 15-minute chart include 0.1580 (38.2%) and 0.1606 (61.8%). Price closed near 61.8% retracement, indicating potential for further consolidation or a test of the 0.1616 level. On the daily chart, the 38.2% level at 0.1580 was recently tested and held, suggesting a possible next target at 0.1620.

Looking ahead, the immediate focus is on whether BATUSDT can hold above 0.1600 for the next 24 hours. A sustained break above this level could target 0.1610–0.1616, with resistance at 0.1620 acting as a key psychological level. Risks include a pullback to test 0.1590–0.1580, where accumulation is likely to occur.

Backtest Hypothesis

A potential strategy involves entering long positions after a bullish engulfing pattern on the 15-minute chart, confirmed by a MACD crossover above zero and a close above the 20-period SMA. Stops would be placed below the 50-period SMA or the previous swing low, while targets would include the 61.8% Fibonacci retracement and upper Bollinger Band. This approach would align with the observed momentum and volume confirmation seen in the dataset, offering a clear risk-reward setup in a trending environment.