Market Overview for GUNZ/BNB on 2025-10-24

• GUNZ/BNB traded higher on the day, closing at 1.675e-05 after testing recent resistance and finding support near 1.636e-05.
• Momentum accelerated midday, with a 15-minute bullish breakout above 1.66e-05, followed by consolidation in late trading.
• Volatility expanded throughout the session, peaking during the 19:00–21:00 ET window as prices swung between 1.636e-05 and 1.681e-05.
• Notional turnover rose sharply around 19:00 ET, coinciding with a sharp rally, but faded after 21:00 ET despite lingering near-term bullish bias.
• The 20-period EMA turned higher, while the 50-period EMA remained below price, signaling potential for a short-term breakout.

GUNZ/BNB (GUNBNB) opened at 1.618e-05 on 2025-10-23 at 12:00 ET and closed at 1.675e-05 on 2025-10-24 at 12:00 ET, reaching a high of 1.69e-05 and a low of 1.618e-05. Total volume for the 24-hour period was 1,036,163.0, with a notional turnover of $16.98. The pair has shown a strong upward bias, particularly following a breakout above 1.66e-05.

The 15-minute OHLCV data reveals a strong bullish momentum in the afternoon, with a key breakout forming at 1.66e-05. This level appears to have acted as a pivot point for buyers, who pushed prices higher in subsequent hours. A bullish engulfing pattern formed during the 19:00–19:15 ET period, with the close of the candle at 1.675e-05 engulfing the prior bearish candle. This pattern, combined with strong volume, suggests a potential shift in short-term sentiment toward buyers.

Bollinger Bands widened during the afternoon session, reflecting increased volatility and a lack of clear consolidation after the breakout. Prices remained above the 20-period and 50-period EMAs, both of which trended higher. While the 50-period EMA is still below the 20-period, it appears to be catching up, suggesting the short-term uptrend could continue. The RSI reached overbought territory during the 05:00–06:00 ET window, peaking at 73.2, which may indicate a potential pullback is due. However, the MACD remained positive and trending upward, reinforcing the bullish bias.

Fibonacci retracements drawn from the recent swing low (1.618e-05) to the high (1.69e-05) highlight key levels near 1.661e-05 (38.2%) and 1.649e-05 (23.6%). These levels appear to have acted as support during pullbacks. A 61.8% retracement at 1.682e-05 was briefly tested before the price closed above it, suggesting that buyers have maintained control. The next test will likely occur around 1.693e-05–1.696e-05, where recent volume spikes suggest potential resistance.

The recent backtest strategy analyzed the “bullish-engulfing” candlestick pattern for BLSH on NYSE from 1 Jan 2022 through 24 Oct 2025. Unfortunately, no instances of bullish_engulfing = 1 were found in the dataset during this period, making it impossible to run the trade-by-trade backtest. This absence suggests that either the pattern is rare for BLSH or the criteria for defining the engulfing pattern were too strict. Given the current bullish bias in GUNZ/BNB’s 15-minute chart, a similar strategy could be adapted by incorporating additional candlestick formations such as bullish hammers, morning stars, or outside bars, which may enhance the robustness of the signal set. Alternatively, the time frame could be extended to include more data points or expanded to include other tickers for cross-verification.