Market Overview for BNTUSDT on 2025-09-15

• Price formed a bullish reversal pattern at 0.763 and tested 0.768–0.770 multiple times
• Volume spiked at key resistance levels, confirming buyer strength and seller hesitation
• RSI suggested overbought conditions in late session, while Bollinger Bands showed mild expansion
• MACD showed positive divergence, reinforcing the potential for upward continuation

At 12:00 ET-1 on 2025-09-15, BNTUSDT opened at 0.7626, with a high of 0.7713 and a low of 0.7568 over the next 24 hours, closing at 0.7622 by 12:00 ET. Total volume was 344,380.1, and notional turnover amounted to 255,660.1 USDT. The pair exhibited a complex mix of bullish and bearish forces across the day.

Structure & Formations

Price found strong support at 0.763 and 0.7622, with several bullish reversal patterns forming near those levels, suggesting accumulation. Resistance clustered between 0.768 and 0.770 was tested multiple times, most recently around 06:15 ET with a failed attempt to break above. A large bullish engulfing pattern formed around 23:30–00:00 ET, which may signal a short-term reversal. A doji at 03:45 ET indicated indecision, reinforcing the potential for consolidation ahead.

Moving Averages

On the 15-minute chart, the 20 and 50-period SMAs crossed around 06:00–06:30 ET, reinforcing a bullish bias. Price remained above the 50-SMA for most of the session, suggesting short-term bullish momentum. On the daily chart, the 50- and 100-period SMAs appear to be converging, with price hovering just above the 50-period SMA. The 200-period SMA remains a key long-term support level at 0.760.

MACD & RSI

The MACD line crossed above the signal line at 00:30 ET and remained bullish until the late morning hours, with a positive divergence observed in the late session. RSI reached overbought levels (70+) around 06:15 and 05:30 ET, followed by mild corrections. RSI also showed a bullish divergence at 01:15–01:30 ET, where price made a lower low but RSI made a higher low, indicating potential buying pressure. The RSI currently stands at 58, suggesting a balanced market with room for further consolidation or breakout.

Bollinger Bands

Bollinger Bands showed a mild expansion in the early morning hours, particularly between 00:30 and 06:00 ET, coinciding with a sharp move higher. Price remained within the bands for most of the session, with a few brief touches near the upper band. A contraction was observed around 03:45 ET, indicating potential for a breakout. The current price (0.7622) sits near the middle band, suggesting neutral positioning for now.

Volume & Turnover

Volume spiked significantly around key resistance levels at 0.768–0.770 and at 0.7622–0.763, indicating strong buying interest and seller exhaustion. Turnover followed a similar pattern, with a large spike at 06:15 ET and a smaller one at 23:30 ET. Price and turnover showed convergence at 00:30–01:00 ET, suggesting strong momentum. Divergence was noted at 03:45–04:00 ET, where price made a lower low but turnover remained strong, hinting at potential support forming.

Fibonacci Retracements

Applying Fibonacci to the 15-minute swing from 0.7568 to 0.7713, the 61.8% level is at 0.7639 and the 38.2% at 0.7663. Price tested these levels multiple times and showed signs of respecting them as key support/resistance. On the daily chart, the 61.8% retracement level of the broader move aligns closely with the 200-period SMA, suggesting it may serve as a long-term floor.

Backtest Hypothesis

A potential backtest strategy would focus on long entries at the 38.2–61.8% Fibonacci levels with stops just below the most recent support. Given the bullish divergences in RSI and MACD and the accumulation patterns near 0.763, such a strategy could be validated by observing how price reacts at those levels over the next 24–48 hours. A stop-loss at 0.760 would help manage risk, particularly if Bollinger Bands contract again and volume shows signs of thinning.