Bubblemaps/Tether 24-Hour Market Overview

• Bubblemaps/Tether (BMTUSDT) rose from 0.0672 to 0.0715, with a 6.4% rebound over 24 hours.
• Volume surged above 8.5M, peaking during the 09:00–11:00 ET range, confirming bullish follow-through.
• RSI moved into overbought territory, while Bollinger Bands expanded, signaling rising volatility.
• A bullish engulfing pattern emerged at the 0.0691–0.0706 level, suggesting momentum may continue.
• Divergence between price and volume occurred in the final 3 hours, hinting at potential consolidation.

24-Hour Price Action and Volume

Bubblemaps/Tether (BMTUSDT) opened at 0.0672 on 2025-09-17 at 12:00 ET and closed at 0.0704 as of 2025-09-18 at 12:00 ET, with a high of 0.0724 and a low of 0.0667. Total volume for the 24-hour window was 40,979,958.2, and total turnover amounted to approximately $2.87 million. Price action exhibited a clear reversal from bearish to bullish after 05:00 ET, supported by increasing volume and a sharp break above the 0.0706 psychological level.

Structure and Key Levels

The 15-minute chart shows several key support and resistance clusters. The immediate support appears to be around 0.0701–0.0703, which was tested multiple times and held during the final 6 hours of the period. Resistance was breached at 0.0708–0.0712, with a potential next target near 0.0715–0.0718. Notable patterns include a bullish engulfing pattern from 0.0691 to 0.0706 and a bearish harami near 0.0721–0.0712. A doji formed at 0.0706 during the early morning, suggesting indecision ahead of a key breakout.

Technical Indicators

The 20-period moving average on the 15-minute chart rose from 0.0690 to 0.0705 during the 24-hour period, while the 50-period MA crossed above the 20-period MA, confirming a bullish crossover. RSI reached an overbought level of 72 at one point, though it has since pulled back toward 65, suggesting possible consolidation. MACD showed a positive divergence during the 06:00–09:00 ET window, reinforcing the strength of the bullish move. Bollinger Bands widened significantly in the 08:00–11:00 ET window, indicating increased volatility.

Backtest Hypothesis

The backtesting strategy under consideration involves entering long positions when RSI crosses above 50 and the 20-period moving average crosses above the 50-period MA, with a stop loss at the 61.8% Fibonacci retracement level of the most recent bearish swing. This aligns with the recent 0.0691–0.0715 rally, where such a strategy could have captured most of the upward move while filtering out noise. The strategy would also exit if volume declines by more than 30% from the 15-minute average, as seen in the final 3 hours of the session. Given the current setup, the conditions appear favorable for the next 24 hours, provided volume does not diverge sharply.