Market Overview: BNTUSDT on 2025-09-25

• BNTUSDT opened at $0.6734 and dropped to $0.6433 during the 24-hour period.
• Price closed at $0.6463, with a 4.0% decline and volatility clustering in the afternoon ET.
• Volume surged past 10,000 BNT in the early morning, but turnover failed to confirm the move.
• A bearish engulfing pattern formed at $0.669–$0.663 in the overnight session, signaling further downside.
• RSI and MACD both show weakening momentum, with price near 20-day Bollinger Band support.

Bancor/Tether (BNTUSDT) opened at $0.6734 on 2025-09-24 at 12:00 ET and closed at $0.6463 on the same time the next day. The 24-hour range was $0.6736 high and $0.6433 low. Total traded volume amounted to 184,464.1 BNT, while notional turnover reached $94,274.46. The pair displayed a broad descending structure, punctuated by a sharp selloff after 20:00 ET, which accelerated into the early morning hours.

The structure of the 15-minute candles reveals a series of bearish patterns and key levels. A major resistance was identified around $0.6734–0.6736, where the price stalled before reversing lower multiple times. A bearish engulfing candle formed around $0.669–$0.663, signaling a loss of bullish control. Below, a critical support level appears at $0.645–0.647, where the price has bounced a few times during the past 12 hours. A notable doji formed near $0.6443, suggesting indecision and possible short-term exhaustion on the downside.

Moving averages on the 15-minute chart show that the 20-period and 50-period lines are both in a bearish alignment, with the 20-period MA crossing below the 50-period MA, indicating a potential continuation of the downtrend. On the daily timeframe, the 50-period MA is approaching the 100-period MA, suggesting a possible shift in momentum in the near future. Price remains below the 200-period MA, confirming the long-term bearish bias.

Bollinger Bands highlight increased volatility during the late-night and early-morning ET hours, with price moving closer to the lower band. MACD shows bearish divergence, with the histogram shrinking after a sharp selloff, suggesting a temporary pause in the move lower. RSI is in oversold territory (below 30) and has been consolidating, indicating that the pair could face short-term buying pressure. However, as long as the 0.645–0.647 level holds, further downside may be expected.

The volume profile shows two key spikes: one in the early morning at around 03:45 ET, and another at 06:15 ET, both coinciding with price rejections near the 0.645–0.647 support. Notional turnover was significantly lower on these spikes, suggesting that volume was not strong enough to confirm the bounce. The most recent candle at 16:00 ET shows a bearish reversal pattern, with a strong close near the low, reinforcing the possibility of a continuation lower.

Fibonacci retracements drawn from the $0.6734 high to the $0.6433 low show that price currently rests near the 78.6% level. If the selloff continues, the next Fibonacci levels to watch are 61.8% at $0.6505 and 50% at $0.6595. A break below the 78.6% level could trigger more aggressive selling into the 100% target at $0.6332.

Backtest Hypothesis

The backtest strategy focuses on using a combination of RSI divergence and MACD bearish crossovers to identify potential shorting opportunities. On BNTUSDT, the 20-period and 50-period MACD lines crossed below the signal line after the sharp selloff in the early morning, confirming the bearish momentum. A bearish divergence was observed in RSI as price made a new low but RSI failed to, which historically has preceded reversals. The strategy would have entered a short position upon the bearish crossover and exited when the RSI crossed back above 30 or the price broke the 0.645–0.647 support. While the current setup aligns with this hypothesis, execution would require careful stop-loss and trailing take-profit management due to the high volatility and thin liquidity typical of BNTUSDT.