Alien Worlds/Tether Market Overview for 2025-11-05

Summary
• Price declined from 0.00273 to 0.00273, with a 24-hour low at 0.00251.
• Volatility increased, with a range of 0.00023 and total volume of 140.6 million TLM.
• RSI remained neutral at 52, suggesting consolidation ahead of a potential breakout.

TLMUSDT opened at 0.00273 at 12:00 ET-1 and closed at 0.00273 at 12:00 ET, with a high of 0.00284 and a low of 0.00251 during the 24-hour period. The pair saw a total trading volume of 140.58 million TLM and a notional turnover of approximately $390,000. Price action showed a mixed session, with sharp retracements followed by consolidation.

The 20-period and 50-period moving averages on the 15-minute chart were closely aligned, both trending downward, suggesting a bearish bias in the near term. The 50-period MA crossed below the 100-period MA on the daily chart, indicating potential bearish momentum if the 0.0027 level breaks. A key support area appears to be forming around 0.00265–0.00267, with a resistance zone at 0.00273–0.00275. A doji formed near 0.00272 in the morning, signaling indecision and possible exhaustion in the short-term trend.

The RSI indicator hovered around the 52–55 range for most of the 24 hours, indicating a neutral to slightly overbought state. MACD remained in negative territory with a narrow histogram, suggesting weakening bearish momentum. Bollinger Bands showed a moderate widening, especially during the late morning, indicating increased volatility. Price spent much of the day in the lower half of the bands, suggesting a bearish bias.

Fibonacci retracement levels applied to the recent 15-minute swing from 0.00284 to 0.00262 showed a 61.8% retracement level at 0.00273, which was tested twice without a break. On the daily chart, the 50% retracement level at 0.00272 is a key watchpoint for trend continuation or reversal. Volume and turnover saw notable spikes between 18:00 and 20:30 ET, during which volume surged above 18 million TLM in a single 15-minute candle.

Backtest Hypothesis
The backtest strategy in question focuses on the “Bullish Engulfing” candlestick pattern, which is commonly used to identify potential reversal points in a downtrend. This pattern involves a large bullish candle following a smaller bearish candle, fully engulfing the previous session’s range. A backtest would analyze historical occurrences of this pattern and measure their subsequent performance over a one-day holding period. Given the mixed performance of TLMUSDT over the past 24 hours, and the presence of a doji near 0.00272, further validation of bullish signals through such a pattern could offer valuable insight into possible short-term reversals. To proceed, a verified data source containing full OHLC data or a list of historical Bullish Engulfing events would be required.