Market Overview for Basic Attention Token/Tether (BATUSDT)

• Price surged from 0.1611 to 0.1943, closing at 0.1943 with a 20.6% gain.
• Strong bullish momentum confirmed by MACD and RSI divergence.
• Volatility expanded significantly as price broke above prior Bollinger Band resistance.
• Volume surged to 2616661, with turnover climbing above 490k, signaling institutional interest.
• 0.1885–0.1943 swing marked a key 61.8% Fibonacci retracement level.

The Basic Attention Token/Tether (BATUSDT) pair opened at 0.1611 on 2025-10-31 at 12:00 ET and closed at 0.1943 at 12:00 ET the following day. The 24-hour range saw a high of 0.1961 and a low of 0.1579, with total traded volume reaching 2616661 and turnover exceeding 490,000 in USDT. The price surged decisively, breaking out above prior resistance and showing strong accumulation signals.

Over the past day, BATUSDT formed multiple bullish candlestick patterns, including a key Bullish Engulfing on the 15-minute chart during the 07:15–07:30 ET window, which preceded a strong upward thrust. Price found initial support around the 0.176–0.177 level, which coincided with a 61.8% Fibonacci retracement of the earlier 0.1579–0.1885 swing. The 20-period and 50-period moving averages on the 15-minute chart were in bullish alignment, with price trading above both, reinforcing the upward bias.

On the momentum front, the RSI surged into overbought territory, peaking near 75, indicating strong buying pressure and a continuation bias. The MACD turned positive and remained above the signal line, with a growing histogram that suggested increasing bullish momentum. Volatility expanded significantly, as the price broke above the upper Bollinger Band during the 16:00–16:15 ET window, indicating a potential breakout.

Volume and turnover spiked during the final hours of the 24-hour period, particularly between 15:15–16:00 ET, with over 1.1 million volume units and a peak turnover of 200k in the 15:15–15:30 window. This increase in activity coincided with the price reaching a new intraday high and confirmed the strength of the bullish move.

Backtest Hypothesis

Given the strength of the Bullish Engulfing pattern seen earlier in the 24-hour period, a backtest using this candlestick signal could provide valuable insight into its predictive power. The pattern formed during the 07:15–07:30 ET window, with a close above the previous candle’s body. To run this backtest effectively, it would need to be applied across a defined universe—such as major altcoins or mid-cap tokens—using a strategy that enters the trade on the next market open and holds for three trading days. Volume and RSI divergence could be used as confirmation signals to refine entries. A benchmark like SPY could help contextualize the strategy’s performance, but the focus would remain on the pattern’s ability to predict short-term directional bias in high-volume environments like those seen in BATUSDT.