Market Overview for Basic Attention Token/Tether (BATUSDT) - 2025-11-09

Summary
• Price tested key resistance levels before consolidating mid-range.
• Volume was uneven but highlighted divergences during early sell-offs.
• Volatility remained moderate with Bollinger Band boundaries intact.

The BATUSDT pair opened at $0.2133 on 2025-11-08 at 12:00 ET and reached a high of $0.2178 before retracing to a low of $0.2042, closing at $0.2105 on 2025-11-09 at 12:00 ET. Total 24-hour volume reached 9.24 million, with $1.93 million in turnover.

Structure & Formations

The 15-minute candles revealed a strong bearish impulse between 19:30 and 23:00 ET, with a bearish engulfing pattern forming around 20:15 ET. This was followed by a consolidation phase between $0.2042 and $0.2059, suggesting a potential short-term support zone. A bullish reversal attempt emerged between 06:00 and 09:15 ET, characterized by a moderate rally toward $0.2111 but failing to break the $0.2133 high from earlier in the day.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages were closely aligned during the morning and early afternoon, indicating a neutral to slightly bullish bias. The price broke below both around 20:00 ET, turning the short-term trend bearish. The 50-period MA acted as a dynamic resistance during the morning rebound.

MACD & RSI

The MACD line showed bearish divergence as the price recovered between 06:00 and 09:00 ET, while the histogram shrank, indicating fading momentum. RSI levels fluctuated between 20 and 60, with a brief foray into oversold territory around 02:30 ET before a modest rally. However, RSI failed to confirm the bearish breakdowns, pointing to mixed market sentiment.

Bollinger Bands

Price spent most of the 24-hour period within the Bollinger Bands, with volatility remaining moderate. A contraction in the bands occurred around 17:00 ET, hinting at a potential breakout or breakdown. However, the price remained within the band envelope, showing no signs of a sharp directional move.

Volume & Turnover

Volume spiked during the early bearish leg (19:30–23:00 ET), reaching a peak of 603,680 units. The subsequent consolidation phase saw a reduction in trading intensity, indicating diminishing interest. Turnover mirrored volume, with a notable divergence forming after the 06:00 ET recovery, where lower turnover suggested weak conviction behind the rally.

Fibonacci Retracements

Key Fibonacci levels on the 15-minute pullback from $0.2178 to $0.2042 included 38.2% at $0.2113 and 61.8% at $0.2083. Price found support near the 61.8% level during the morning recovery but failed to hold above it, suggesting potential for further downside in the near term.

Backtest Hypothesis

Given the limitations in retrieving the 14-period RSI data for BATUSDT, a potential backtesting strategy could focus on using moving average crossovers in conjunction with volume analysis to identify early signs of trend reversals. For instance, a short signal could be triggered when price breaks below the 50-period MA on increasing volume, while a long signal may be generated on a bullish engulfing pattern with rising turnover. Integrating a volatility filter like Bollinger Bands could improve signal accuracy by filtering out false breakouts. A similar approach could be applied on more supported pairs or after confirming the correct symbol for BATUSDT.