Market Overview: Algorand/Tether (ALGOUSDT) – 24-Hour Action on 2025-09-26

• • •
• Price declined from 0.2090 to 0.2022 over 24 hours, forming bearish candlestick patterns.
• RSI dipped toward oversold territory, suggesting potential near-term reversal.
• Volume surged after 17:00 ET, confirming downward momentum with no divergence.
• Bollinger Bands show price near lower band, indicating low volatility and possible rebound.
• Daily close at 0.2055, with key support around 0.2024 and resistance at 0.2060.

Algorand/Tether (ALGOUSDT) opened at 0.2087 on 2025-09-25 12:00 ET, reached a high of 0.2090, dipped to a low of 0.2011, and closed at 0.2055 by 12:00 ET on 2025-09-26. The 24-hour volume was 10,334,333.0, and total turnover amounted to approximately $2,091,395.55. A clear bearish bias emerged, supported by declining momentum and a test of key support levels.

Structure & Formations

The price action features a bearish continuation pattern after a large red candle on 17:30 ET, which confirmed a breakdown below the 0.2045 level. A bearish engulfing pattern is visible at 18:00 ET, confirming the shift in sentiment. A doji appears around 21:15 ET, suggesting temporary indecision. Key support levels at 0.2024 and 0.2011 were tested, while resistance holds at 0.2052–0.2060. The price remains below the 50-period 15-minute moving average, indicating bearish pressure.

Moving Averages

On the 15-minute chart, the 20-period MA crossed below the 50-period MA, reinforcing bearish momentum. The 50-period MA on the daily chart is currently at ~0.2065, suggesting that a close above this level could reverse the bias. A test of the 200-period MA at ~0.2040 could trigger a bounce if the RSI continues to show oversold readings.

MACD & RSI

The MACD line has been negative throughout the 24-hour period, with the histogram showing a narrowing bearish divergence after the 19:00 ET candle. The RSI reached a low of 29.3 at 23:45 ET, indicating the market may be oversold and due for a rebound. However, confirmation is needed above 0.2050 before long positions are considered.

Bollinger Bands

The price has been near the lower Bollinger Band for much of the 24-hour period, with a slight contraction in volatility observed after 00:00 ET. A reversal from the lower band, especially if confirmed by a bullish candlestick and positive RSI divergence, could signal a short-term rebound.

Volume & Turnover

The highest volume spike occurred at 17:30 ET, with 2.45 million units traded, supporting the bearish breakdown. Turnover increased as the price declined, confirming the validity of the move. A divergence between volume and price could signal a reversal, but none were observed in the 24-hour window.

Fibonacci Retracements

The recent 15-minute decline from 0.2090 to 0.2022 aligns with key Fibonacci levels. The 0.2051 level (~61.8% retracement) acts as a short-term pivot, with a 0.2068 level (~78.6%) above. On the daily chart, the 0.2011 level is a critical support area, and a break below this would target the 0.1984 level.

Backtest Hypothesis

A potential backtest strategy could involve entering long positions on a bullish breakout above the 0.2060 resistance level, confirmed by a closing candle above it and positive MACD divergence. A stop-loss could be placed just below the 0.2045 level, with a target at 0.2075. For short positions, a breakdown below 0.2024 with increasing volume and a bearish engulfing candle could be used to trigger a short entry, with a target at 0.2000 and a stop above 0.2040. Both strategies would benefit from RSI confirmation to avoid false signals in a volatile market.