Market Overview for Basic Attention Token/Tether (BATUSDT)

Summary
• Price fell from 0.2398 to 0.2108, driven by bearish momentum in the early hours.
• Volatility increased as BATUSDT expanded its daily range beyond 8.8%.
• A key support level was retested around 0.2108–0.2118 but failed to hold.

The 24-hour session for Basic Attention Token/Tether (BATUSDT) began at 0.2323 and reached a high of 0.2398 before dipping to a low of 0.2108, closing at 0.2162 at 12:00 ET. Total volume amounted to 17,623,750 units, with a notional turnover of $4,214,993. The pair experienced heightened volatility and directional pressure during the session.

Price action displayed a bearish bias early on, with a sharp decline in the first half of the 24-hour window. This move was followed by a modest recovery attempt but lacked the momentum to retest key resistance levels. The formation of multiple bearish engulfing candles suggested continuation of downward pressure, with no strong reversal signals emerging.

Volume was concentrated in the early part of the session, with lower volume during the recovery phase. This divergence between price and volume may suggest a lack of conviction in the recovery. Bollinger Bands showed a significant expansion in the first half, indicating increased volatility. A retest of the 0.2108–0.2118 support level failed to hold, indicating that further downside could be in play.

Looking ahead, the market may test 0.2087–0.2092 as the next potential support level, with 0.2161–0.2167 appearing as a key near-term resistance. While the current bearish momentum appears to be intact, traders should remain cautious of potential reversals if volume increases in the next 24 hours.

The 20-period moving average on the 15-minute chart currently sits above price, reinforcing the bearish bias. The 50-period MA also indicates a downward trend. On the daily chart, the 50-period MA remains above the 100-period MA, suggesting medium-term bearishness.

The RSI(14) would typically show overbought conditions during the early highs, but current data limitations prevent a full momentum assessment. However, the MACD histogram has shown bearish divergence, suggesting that the downtrend may persist.

Backtest Hypothesis

Given the current limitations in retrieving the RSI(14) for BATUSDT, the ability to perform a precise 3-day backtest based on overbought/oversold conditions is constrained. However, based on the observed price structure and volume behavior, a hypothetical strategy based on RSI(14) could have triggered buy signals had the indicator fallen below 30, particularly in the final hours of the session. A hold-for-3-days approach may have captured a recovery toward the 0.214–0.216 range.

To move forward, one practical solution is to either switch to a more liquid pair such as ETHUSDT or BTCUSDT—where RSI data is more stable—and replicate the backtest strategy. Alternatively, if raw OHLCV data from an alternate source can be provided, the RSI could be calculated manually to continue with the testing.