Particle Network/BNB (PARTIBNB) 24-Hour Market Overview

• Particle Network/BNB dropped from 0.00015834 to 0.00014377, a 9.2% decline over 24 hours.
• Price formed bearish engulfing and dark cloud cover patterns amid declining volume.
• RSI signaled oversold territory by 12:00 ET, while volume surged near the 0.000144–0.000145 level.
• Bollinger Bands expanded in the final 8 hours, reflecting heightened volatility.
• 15-minute chart showed price consolidating near a key 0.000144 Fibonacci level.

24-Hour Summary

At 12:00 ET−1 on 2025-09-22, Particle Network/BNB (PARTIBNB) opened at 0.00015531, reached a high of 0.00015834, and closed at 0.00014377 by 12:00 ET. Total volume was 205,040.3, with a notional turnover of approximately 29.36 BNB. The 24-hour session saw a bearish reversal and increased volatility.

Price action over 15-minute intervals showed a sharp correction beginning at 19:30 ET−1, with a bearish engulfing pattern forming as price fell from 0.00015802 to 0.00015761. This was followed by a dark cloud cover at 23:45 ET−1 as price opened near a 52-week high and closed below the prior candle’s midpoint.

Structure & Formations

Support levels have held temporarily at 0.00014424, 0.00014394, and 0.00014377, with the 0.00014377 level acting as a short-term floor. Resistance is now retesting at 0.00014511, where price stalled during a failed rebound on 09-23. A doji formed at 15:45 ET, signaling indecision and potential reversal.

The 15-minute chart shows price consolidating near 38.2% of the Fibonacci retracement from the 0.00015834 high to the 0.00014377 low, suggesting a possible bounce. However, the inability to reclaim 0.00014625 raises concerns about bearish momentum.

Moving Averages

On the 15-minute chart, price closed below the 20-period and 50-period moving averages, reinforcing bearish momentum. The 50-period MA is at 0.00015002, while the 100-period MA is at 0.00014965. Daily averages (50/200) indicate a broader downtrend, with the 50-period at 0.00014807 and the 200-period at 0.00014722.

MACD & RSI

The 15-minute MACD crossed below the signal line during the sharp decline at 19:30 ET−1, confirming bearish momentum. RSI reached 28 by 10:00 ET, entering oversold territory but failing to trigger a meaningful rebound. This divergence between price and momentum suggests a potential short-term bounce could occur, but without volume confirmation, a resumption of the bear trend is likely.

Bollinger Bands & Volatility

Volatility increased sharply from 06:00–12:00 ET, with Bollinger Bands expanding as price fluctuated between 0.00014403 and 0.00014617. Price is now consolidating near the lower band, suggesting a potential bounce, though a break below 0.00014377 could extend the downtrend further.

Volume & Turnover

Volume spiked near 0.00014511 and 0.00014403, indicating accumulation by short-term traders. However, the absence of strong volume on the rebound suggests weak buying interest. The largest volume spike occurred at 09:00 ET, with 6,067.1 contracts executed at 0.00015063, followed by a rapid decline to 0.00015002.

Fibonacci Retracements

From the high of 0.00015834 to the low of 0.00014377, key retracement levels at 38.2% (0.00014896) and 61.8% (0.00015159) are now acting as resistance. Price has tested the 38.2% level twice but failed to break above it. A break above 0.00014511 could target the 50% level at 0.00015106, but the current trend favors a continuation of the bear move.

Backtest Hypothesis

The backtesting strategy in question involves a mean-reversion model that triggers a long signal when price closes below the lower Bollinger Band and RSI enters oversold territory (RSI < 30), with a stop-loss at the most recent swing low and a take-profit at the 38.2% Fibonacci level. This aligns with the current setup, where price is near the lower Bollinger Band and RSI is in oversold territory. However, the lack of volume on the rebound and the bearish engulfing pattern suggest that this strategy may face early exits or breakeven outcomes if not accompanied by confirmation on the 1-hour timeframe.