Market Overview for Basic Attention Token/Tether (BATUSDT)

Summary
• Price tested $0.2105–$0.2122 range, showing bearish pressure and failed multiple bullish bounces.
• RSI suggests oversold conditions around $0.2105, hinting potential short-term rebound.
• Volume spiked during the $0.2122–$0.2144 pullback, confirming bearish momentum.
• Bollinger Bands showed a narrowing phase before the sharp sell-off, signaling higher volatility.
• 210000–213000 ET saw strong bearish engulfing patterns and key support breakdown near $0.2108.

The pair opened at $0.2173 on 2026-01-07 at 12:00 ET, hit a high of $0.2198, fell to a low of $0.2064, and closed at $0.2108 at 12:00 ET on 2026-01-08. Total volume reached 3.54 million, and turnover amounted to $748,874. The 24-hour session saw extended bearish momentum after a failed bullish attempt.

Structure & Formations

Price broke below key support at $0.2122 and tested $0.2108, where a bearish engulfing pattern appeared. A potential short-term rebound may be seen near $0.2116, but bearish continuation appears probable if $0.2105 fails. The $0.2144–$0.2122 range acted as a prior resistance, now a potential short-term floor.

Moving Averages

On the 5-minute chart, price closed below the 20 and 50-period SMAs, reinforcing a short-term bearish bias. Daily 50, 100, and 200 SMA lines have not yet flipped bearish but remain neutral to bearish, with the 50/200 crossover still intact in a bullish phase.

MACD & RSI

MACD turned bearish in the latter half of the session, with a negative histogram. RSI hit oversold territory at $0.2105, suggesting a potential bounce, though a sustained move above $0.2124 would be needed to confirm bullish momentum.

Bollinger Bands

Bollinger Bands displayed a contraction phase before the sharp decline, signaling higher volatility ahead. Price closed near the lower band, indicating bearish momentum and potential for a bounce or further decline depending on volume and order flow.

Volume & Turnover

Volume increased during the $0.2144–$0.2122 pullback and again during the $0.2122–$0.2108 breakdown, confirming bearish continuation. Turnover aligned with price moves, showing no divergence but highlighting strong institutional selling pressure.

Fibonacci Retracements

On the 5-minute chart, the $0.2108 level aligns with the 61.8% retracement of the $0.2144–$0.2108 move, indicating a probable short-term low. A break below $0.2105 would test the 78.6% level at $0.2093.

Price may test $0.2105–$0.2093 in the next 24 hours, with potential for a rebound if $0.2116 holds. Investors should remain cautious as the pair appears susceptible to further volatility.