Coin98/Tether (C98USDT) 24-Hour Market Overview

• Price surged from $0.0495 to $0.0546, with strong momentum in early ET.
• MACD and RSI showed bullish divergence before late-day volume-driven pullback.
• Volume spiked during the 12:45–13:00 ET rally to $0.0546, confirming strength before a $0.0537 close.
• Bollinger Bands widened during the peak, indicating increased volatility.
• Fibonacci retracements suggest $0.0519 as key support and $0.0546 as near-term resistance.

Coin98/Tether (C98USDT) opened at $0.0495 on 2025-09-12 at 12:00 ET and surged to a high of $0.0546 by 12:45 ET on 2025-09-13. The pair closed at $0.0537 at 12:00 ET, marking a bullish session with total volume of 10,695,776.4 and turnover of $558,082.9.

Structure & Formations

Price exhibited a strong bullish bias over the 24-hour period, forming a clear ascending channel. Key resistance levels emerged at $0.0522, $0.0532, and the 24-hour high at $0.0546. Notable support levels were identified at $0.0519, $0.0516, and the session’s opening at $0.0495. A bullish engulfing pattern was observed at the 08:30–09:00 ET candles, indicating a shift in momentum. A doji at 05:45 ET and 04:30 ET hinted at potential exhaustion zones in both bullish and bearish phases.

Moving Averages

On the 15-minute chart, the 20-period MA and 50-period MA crossed to the upside early in the session, confirming a bullish trend. The 20-period MA stayed above the 50-period MA, forming a “Golden Cross” pattern. On the daily chart, the 50-period MA and 200-period MA were aligned in a bullish direction, suggesting continuation of an upward trend.

MACD & RSI

The MACD line turned positive and crossed above the signal line in the early hours, reinforcing bullish momentum. RSI reached a peak of 78 during the morning rally, entering overbought territory, suggesting a potential pullback. However, the divergence between price and RSI indicated that the move might not yet be over. As of 12:00 ET, RSI was at 68, suggesting moderate strength but not extreme overbought conditions.

Bollinger Bands

Bollinger Bands showed a sharp expansion during the 12:45–13:00 ET rally, reflecting a surge in volatility. Price reached the upper band, indicating overbought conditions and possible exhaustion. The mid-band crossed below the price, signaling a strong bullish bias. The narrowing of the bands earlier in the session hinted at a low-volatility consolidation phase before the breakout.

Volume & Turnover

Volume surged during the morning hours, particularly around the 08:30–09:00 ET and 12:45–13:00 ET periods, confirming the rally to the session high. The $0.0546 level was supported by high volume, suggesting accumulation. Turnover was consistent with price action, showing no material divergence, which supports the idea that the bullish move was backed by real buying pressure.

Fibonacci Retracements

Applying Fibonacci retracements to the key swing low at $0.0495 and swing high at $0.0546, key levels include $0.0519 (38.2%), $0.0526 (50%), and $0.0533 (61.8%). Price tested the 61.8% level before closing near $0.0537, which aligns closely with the 61.8% retracement. This suggests that the $0.0533–$0.0537 range could offer strong support in the near term.

Backtest Hypothesis

The backtesting strategy proposes a trend-following approach based on the 15-minute MACD crossover and a 50-period MA above 200-period MA on the daily chart. This combination aims to capture early signs of momentum reversal and align with the longer-term trend. Given the recent 20-period and 50-period MA crossover on the 15-minute chart, as well as the daily 50/200 MA alignment, the strategy would have entered a long position early in the morning. The pullback after the 12:45 ET high could serve as an ideal take-profit or trailing stop entry point for managing risk.