Market Overview for Basic Attention Token/Tether (BATUSDT) – 2025-12-29

Summary
• Price fell from 0.2227 to 0.2106 amid rising volume, forming bearish patterns like dark cloud cover and engulfing.
• RSI hit oversold territory below 30, suggesting potential short-term bounce, though momentum remains bearish.
• Volatility expanded as BATUSBT moved outside lower Bollinger Bands, with volume surging past 800k at key breakdown points.
• 50-period MA on 5-min chart crossed below price, confirming bearish bias; 200-period daily MA remains above current levels.
• Fibonacci 61.8% level at ~0.2145 could see renewed selling pressure if price retests that area.

24-Hour Summary

At 12:00 ET–1 on 2025-12-29, Basic Attention Token/Tether (BATUSDT) opened at 0.2221, reached a high of 0.2268, and closed at 0.2106 after hitting a low of 0.2096. Total volume amounted to 780,777, with notional turnover of 166,965.618 USD. The pair experienced a sharp pullback over the course of the day, forming several bearish signals.

Structure & Formations

Price declined from a high of 0.2268 during the early morning to close near 0.2106, with a dark cloud cover pattern forming at 0.2262 and a bearish engulfing pattern near 0.2204. A long lower shadow at 0.2120 suggests potential short-covering or support testing, but no strong reversal has emerged yet. The 0.2115 level appears to be a key short-term support, where price paused before falling again.

Moving Averages and Momentum

The 50-period moving average on the 5-min chart crossed below price during the morning, confirming a bearish bias. The 20-period MA remains below the 50-period MA, indicating continued selling pressure. RSI has reached oversold territory below 30, which may hint at a near-term rebound, but MACD remains bearish with a negative histogram and a flattening signal line.

Volatility and Fibonacci Retracements

Volatility expanded as BATUSDT broke below the lower Bollinger Band, with a 24-hour range of ~0.0172. Price is currently near the 61.8% Fibonacci retracement level of the 0.2096–0.2268 swing, which may offer a retest opportunity. If price rebounds off this level, a test of the 38.2% retracement (~0.2145) could follow. However, a breakdown below 0.2096 may push price toward 0.2080 next.

Volume and Turnover

Volume spiked above 800k at 12:15 ET–1 as the pair broke below 0.2120, confirming the bearish move. Turnover surged to 166k USD at that point, indicating strong selling conviction. Later in the session, volume remained elevated as price traded below 0.2150, but no clear divergence emerged between price and volume.

Looking ahead, a retest of 0.2145 could trigger renewed selling, especially if RSI fails to rally above 50. A close below 0.2100 would raise concerns of a deeper correction. Investors should remain cautious and watch for volume confirmation at key levels.