Market Overview for Alien Worlds/Tether (TLMUSDT)

Summary
• Price dropped from 0.002472 to 0.002373, testing key support zones with bearish momentum.
• High volume concentrated in 20:15–21:30 ET range, confirming bearish continuation.
• RSI entered oversold territory near close, suggesting potential short-term bounce.
• Bollinger Bands widened after consolidation, indicating rising volatility.
• A large bearish engulfing pattern formed early in the session near 0.002472–0.002465.

Alien Worlds/Tether (TLMUSDT) opened at 0.002472 and closed at 0.002373 by 12:00 ET, hitting a high of 0.002472 and a low of 0.002320. Total volume reached 154,048,413.0 and turnover amounted to 364,178.56 USDT in the 24-hour window.

Structure & Formations

A strong bearish trend formed throughout the session, with price dropping below key support levels at 0.002450 and 0.002430. A large bearish engulfing candle formed near 17:00–17:30 ET (0.002472–0.002456), signaling a shift in sentiment. Price found temporary support at 0.002370–0.002380, but failed to break above it. A potential 61.8% Fibonacci retracement level at 0.002423 may provide near-term resistance should buyers return.

Moving Averages

On the 5-minute chart, the 20 and 50-period moving averages remained bearishly aligned, with price staying well below both lines for most of the session. Daily moving averages (50/100/200) are all in a downtrend, reinforcing a bearish bias and suggesting further weakness is possible in the near term.

MACD & RSI

The MACD remained bearish throughout the session, with the histogram expanding during the early bearish leg and shrinking slightly in the final hour. RSI dipped into oversold territory near the close, hinting at potential for a bounce, though it remains far from overbought levels. Momentum has been clearly bearish, with no signs of strong reversal yet.

Bollinger Bands

Bollinger Bands showed a period of consolidation around 0.002440–0.002450 before expanding in response to the sharp drop in price. The closing price was near the lower band, suggesting heightened volatility and potential for a rebound. A sustained move above the midline could indicate a temporary pause in the bearish trend.

Volume & Turnover

Volume spiked during the critical bearish move from 0.002465 to 0.002428 between 20:15–21:30 ET, confirming the strength of the bearish momentum. Turnover increased in step with volume, with no clear signs of divergence. The largest single 5-minute candle (at 22:15 ET) saw over 12.8 million TLM traded, a strong bearish signal.

Fibonacci Retracements

The key Fibonacci levels (38.2%, 61.8%) were tested in the 0.002440–0.002450 range but failed to hold. A retracement back to 0.002423 may offer some short-term resistance if buyers return. On the daily chart, the 61.8% retracement level sits near 0.002480, a critical area to watch for potential rejection or reversal.

Looking ahead, TLMUSDT may find temporary support in the 0.002370–0.002380 range, with a potential bounce if the RSI holds above 25. However, the strong bearish momentum and key Fibonacci levels below current price suggest further downside risk in the next 24 hours. Investors should remain cautious and watch for a possible test of the 0.002340 level.