Particle Network/BNB Market Overview

Summary
• Price surged by 9.1% in 24 hours, closing near a recent high of $0.0000738.
• Volatility expanded midday with a large-volume candle pushing price higher.
• RSI near overbought levels suggests caution, while MACD signals bullish momentum.

The Particle Network/BNB pair (PARTIBNB) opened at $0.0000684 on 2025-11-10 at 12:00 ET and closed at $0.0000738 on 2025-11-11 at 12:00 ET, reaching a high of $0.000075 and a low of $0.0000675. Total volume over the 24-hour period was approximately 96,800, while turnover (notional value) amounted to roughly $7.35. The price experienced a strong upward move starting from 09:30 ET and peaked around 12:15 ET, marked by increased volume and a clear breakout of prior resistance.

Structure & Formations

Price action over the past 24 hours revealed key support and resistance levels. A critical support was identified at $0.0000675, which held during a brief dip on 2025-11-11. Resistance levels at $0.000070 and $0.0000738 were sequentially breached, with the latter acting as a consolidation point. A bullish engulfing pattern formed from 09:30 ET to 12:15 ET, signaling strong buying momentum. No doji or indecision patterns were observed, suggesting a clear directional bias.

Moving Averages

On the 15-minute chart, the 20-period MA crossed above the 50-period MA, confirming a short-term bullish trend. On the daily chart, the 50-period MA is approaching the 100-period MA, with the 200-period MA providing a long-term reference point. Price is currently above all three MAs, which supports the continuation of the uptrend, at least in the near term.

MACD & RSI

MACD showed a strong positive crossover with a widening histogram from 09:30 ET, affirming bullish momentum. RSI reached 70 during the afternoon, indicating overbought conditions, but has since retreated slightly. This suggests a potential pullback could occur, especially if the uptrend continues past the key $0.000075 resistance.

Bollinger Bands

Volatility expanded significantly during the upward move, with price breaking above the upper band at $0.000075. This breakout was supported by above-average volume and could mark the start of a new trend. However, if price retests the upper band without breaking through, it may face near-term resistance and a consolidation phase.

Volume & Turnover

Volume spiked dramatically during the morning and afternoon sessions, particularly around 09:30 ET and 12:15 ET. This confirmed the price breakouts observed during these periods. Turnover mirrored the volume trend, with a notable divergence occurring in the early evening, where price continued upward while turnover declined. This could signal a temporary exhaustion of buying pressure.

Fibonacci Retracements

Applying Fibonacci retracements to the swing from $0.0000675 to $0.000075, the 61.8% level aligns with $0.0000717, a level that saw a brief pullback. The 76.4% extension reached $0.0000775, which could be a potential target if bullish momentum continues. On the daily chart, a similar retracement pattern shows that $0.000070 and $0.0000738 are likely to act as key pivots in the near term.

Backtest Hypothesis

A recent backtest of the “Morning Star 1-Day Hold” strategy between 2022-01-01 and 2025-11-11 delivered a cumulative return of –4.8% and a negative risk-adjusted return. This suggests that the strategy’s entry criteria may be flawed or that it lacks sufficient risk controls to withstand drawdowns. Given the strong short-term momentum observed today, refining the strategy to include tighter stop-loss levels or a volatility-based entry filter could be beneficial. The current technical indicators support a continuation of the upward move, making this a potentially suitable time to test refined rules.