Market Overview for Basic Attention Token/Tether (BATUSDT)

• Price declined from 0.1581 to 0.1541, closing at 0.1544 near the session low.
• Key support at 0.1543 tested multiple times, with bearish pressure dominating.
• Volume and turnover spiked during the overnight low, confirming bearish momentum.
• RSI entered oversold territory, while MACD showed bearish divergence.
• Volatility expanded in the morning with a breakout below key 15-minute support levels.

The Basic Attention Token/Tether (BATUSDT) pair opened at 0.1573 on 2025-09-20 12:00 ET and closed at 0.1544 at 12:00 ET on 2025-09-21, reaching a high of 0.1581 and a low of 0.1537. Total volume across the 24-hour period was 1,309,600, and notional turnover amounted to approximately 202.77. The pair experienced a bearish trend, with price closing near the session low, reflecting sustained selling pressure.

Structure & Formations

Price action on the 15-minute chart displayed a bearish breakdown from a key support level at 0.1561, forming a series of bearish continuation patterns such as dark cloud cover and bearish engulfing. A notable doji emerged near 0.1547, suggesting short-term indecision. Key support levels identified include 0.1543 and 0.1537, while resistance levels are at 0.1551 and 0.1561. The price appears to be in a consolidation phase after breaking below critical support, with 0.1543 now serving as a pivotal area to watch.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are both bearish, with price closing below both. For the daily chart, the 50, 100, and 200-period SMAs are aligned in a bearish configuration, reinforcing the downtrend. Price remains below all three, suggesting that the bearish momentum is likely to persist unless a strong reversal occurs near key support levels.

MACD & RSI

The MACD line crossed below the signal line, confirming bearish momentum, while the RSI has entered oversold territory, currently at 25. This suggests that the pair may be due for a short-term bounce, but divergence in the MACD indicates ongoing bearish pressure. RSI levels could trigger a countertrend rally, but confirmation above 38.2% Fibonacci support at 0.1547 will be necessary for a meaningful recovery.

Bollinger Bands

Volatility increased significantly overnight, with the Bollinger Bands expanding to accommodate the breakdown from 0.1561. Price has since traded near the lower band, indicating a potential continuation of the bearish trend. A retest of the lower band at 0.1543 is expected, and a break below could signal further downside potential toward 0.1537.

Volume & Turnover

Volume spiked during the early morning hours, particularly between 03:00 and 06:00 ET, when price broke below 0.1551. Notional turnover increased in tandem, confirming the bearish breakdown. Divergence between price and volume was not observed, suggesting that the move is supported by sufficient liquidity. However, as price approaches 0.1543, a reduction in volume may signal a potential short-term bottom.

Fibonacci Retracements

Applying Fibonacci retracement to the 0.1581–0.1537 swing, key levels at 38.2% (0.1559), 50% (0.1559), and 61.8% (0.1557) have already been tested. The 61.8% level is now acting as dynamic support. If price breaks below 0.1543, the next Fibonacci target is at 0.1537, with a potential extension to 0.1531 if the downtrend accelerates.

Backtest Hypothesis

Given the technical setup, a potential short-term trading strategy could involve entering a short position at 0.1547, with a stop-loss placed above the 0.1551 resistance level. A take-profit target could be set at 0.1537, based on Fibonacci projections and prior support. The RSI in oversold territory may suggest a temporary bounce, but a bearish divergence in the MACD suggests that the overall trend remains intact. A valid entry would require confirmation of a breakdown below 0.1543 with increasing volume, aligning with the backtest hypothesis that emphasizes bearish continuation patterns and momentum indicators for short-term directional bias.