Particle Network/BNB Market Overview

• Particle Network/BNB declined 2.44% in the past 24 hours, closing at 6.757e-05.
• Volume surged during the early Asian session, with a notable spike at 0230–0245 ET, signaling potential short-term volatility.
• A bearish engulfing pattern formed at 1915 ET, followed by a retracement into consolidation.
• Bollinger Bands showed tightening at 0200–0500 ET, then expanded during the early sell-off.
• RSI remains neutral near 50, but MACD indicates weakening bullish momentum into the close.

Particle Network/BNB (PARTIBNB) opened at 7.279e-05 on 2025-10-26 12:00 ET and closed at 6.757e-05 at 12:00 ET the next day. The pair reached a high of 7.279e-05 and a low of 6.635e-05, with a 24-hour volume of approximately 68,900.5 and a notional turnover of ~4.87 BNB. The pair has shown a bearish bias in recent 15-minute bars, with key resistance forming near 7.279e-05 and support near 6.635e-05.

The 15-minute chart shows the price collapsing from the 7.279e-05 level after a bearish engulfing pattern formed at 1915 ET. This was followed by a retest at 1945–2000 ET, where the price found some short-covering strength but failed to reclaim the 7.276e-05 pivot. A series of doji and spinning tops from 0200–0500 ET indicated indecision before a sharp sell-off late in the Asian session. Notably, the price has remained below the 20-period and 50-period moving averages on the 15-minute chart, suggesting continued bearish momentum in the near term.

Bollinger Bands contracted between 0200–0500 ET before expanding during the afternoon Asian sell-off, indicating a potential breakout scenario that did not materialize. The RSI has hovered around 50, suggesting a lack of strong overbought or oversold signals, but the MACD has turned negative and is pulling away from the signal line, suggesting continued bearish pressure. Volume activity has been uneven, with a large spike at 0230–0245 ET coinciding with a retest of 6.931e-05. However, price failed to follow through, indicating a lack of conviction in bullish buyers.

Fibonacci retracement levels from the recent 15-minute high of 7.279e-05 to the low of 6.635e-05 place the 38.2% retracement at 6.992e-05 and the 61.8% at 7.157e-05. These levels have acted as minor resistance points, and a break below 6.635e-05 could target the next support at 6.500e-05. On the daily chart, the 50-period MA remains above the 200-period MA, but the slope is flattening, indicating a potential near-term correction could be in progress.

Backtest Hypothesis

The current bearish engulfing pattern at 1915 ET and the failure to reclaim key support levels suggest a short-term bearish continuation is likely. A backtest strategy could be designed to detect similar bearish engulfing patterns on a daily or 15-minute basis and trigger short entries. For example, one could backtest the performance of a strategy that enters short on confirmed bearish engulfings and exits at the next day’s close, measuring profitability, drawdown, and win rate from 2022–01–01 to 2025–10–27. However, this strategy would require accurate historical data for PARTIBNB, which appears to be unavailable from standard sources at the moment. If provided, the strategy could be optimized using Fibonacci levels and RSI as secondary confirmation tools.