Market Overview for DoubleZero/BNB (2ZBNB)

• Price dropped 0.86% over the last 24 hours amid declining volume.
• A key support level appears at $0.00015293 following a sharp correction after 18:15 ET.
• Momentum remains bearish with RSI near oversold levels but no immediate reversal signs.
• Volatility expanded early in the session but flattened out in the latter half.

At 12:00 ET−1 on 2025-11-02, 2ZBNB opened at $0.00016317 and reached a high of $0.00016317 before closing at $0.00015709 at 12:00 ET on 2025-11-03. The 24-hour low was $0.00015293. Total traded volume was 15,325.0 units, with a notional turnover of approximately $2.43 (based on close prices and volume data).

The price action suggests a bearish continuation after a sharp sell-off starting around 18:15 ET. A notable breakdown from $0.00016317 to $0.00015709 saw increased volume during the initial drop, while subsequent price consolidation occurred in a narrow range. The formation of a bearish engulfing pattern and a key support level near $0.00015293 suggest potential for a bounce or further downside, depending on order flow and sentiment.

The 20-period and 50-period moving averages on the 15-minute chart have crossed below the price, confirming the short-term downtrend. The daily chart shows the price below all key moving averages (50, 100, and 200-day), indicating a broader bearish bias. Bollinger Bands have contracted after the recent price action, suggesting a potential for a breakout or continuation move. The RSI has entered oversold territory around the 30 threshold, but without a strong reversal candle or volume spike, a rebound may be weak.

MACD is in negative territory with the signal line crossing below it, reinforcing bearish momentum. However, a divergence between RSI and price near the session’s low may hint at short-term exhaustion in the sell-side, though this is not yet confirmed.

The Fibonacci retracement levels from the recent swing high of $0.00016317 to the swing low of $0.00015293 indicate a 61.8% retracement near $0.00015809 and a 38.2% retracement near $0.00015986. These levels may serve as potential resistance if a short-term bounce occurs. Traders should watch for a break above $0.00015986 for confirmation of a reversal, or a retest of the $0.00015293 level for further bearish extension.

Backtest Hypothesis

The backtesting strategy proposed for the asset “HOLD.P” can be similarly applied to 2ZBNB using RSI signals. Given the current RSI reading near oversold levels (30 threshold), a hypothetical long entry may have been triggered had this strategy been active. The strategy would buy when RSI ≤ 30 and sell when RSI ≥ 70, using daily close prices for execution. For 2ZBNB, the last RSI reading near 30 occurred at $0.00015709; if a buy signal was triggered, the position would remain open for now until RSI moves above 70. Given the recent price behavior, the strategy may face risk of whipsaw in a low-volatility environment, but the current RSI level could present a potential setup for a short-term rebound.