Market Overview: Anchored Coins AEUR/Tether (AEURUSDT) – 2025-10-05

• AEURUSDT remains range-bound with a 24h high of 1.0858 and low of 1.0821
• RSI shows no overbought or oversold conditions, indicating moderate momentum
• Volume spikes in late hours but price consolidation suggests indecision
• Bollinger Bands signal tightening volatility with price near the center
• A bullish engulfing pattern formed at 1.0821, hinting at potential rebound

Anchored Coins AEUR/Tether (AEURUSDT) opened at 1.0834 on 2025-10-04 12:00 ET and closed at 1.0825 on 2025-10-05 12:00 ET, reaching a high of 1.0858 and a low of 1.0821. The 24-hour volume totaled 13,274.7 units, with a notional turnover of $14,369.16. The asset remains in a tight trading range amid moderate volatility.

Structurally, AEURUSDT has defined support around 1.0821 and resistance near 1.0858. A notable bullish engulfing pattern formed at the 1.0821 support level, suggesting a potential short-term rebound. However, the lack of strong follow-through buying after this formation implies cautious positioning. Key resistance remains at the 1.0834–1.0844 range, where price has struggled to break above multiple times.

Moving averages show the 20-period (15-min) MA at ~1.0830 and 50-period MA at ~1.0835, suggesting a neutral to slightly bullish bias in the short-term. The 50-period daily MA is at ~1.0832, aligning with recent consolidation. The 200-period daily MA is at ~1.0838, offering a long-term reference point. Price is currently trading slightly below the 20-period MA, indicating potential near-term indecision.

The RSI(14) on the 15-minute chart oscillated between 40–60 over the 24-hour period, indicating moderate momentum without overbought or oversold conditions. MACD remains flat, with no clear divergence, suggesting a continuation of the range-bound trend. Bollinger Bands have been narrowing over the last 6 hours, signaling a potential breakout or breakdown. Price is currently positioned near the middle band, indicating sideways action.

Volume surged near the 1.0855–1.0858 level, particularly between 05:30–09:00 ET, yet price failed to hold above 1.0855, resulting in a pullback. This divergence between volume and price suggests that bullish buyers are struggling to gain control. The total volume over the last 48 hours has been relatively consistent, with no significant spikes to confirm a breakout.

Fibonacci retracement levels drawn from the 1.0821 to 1.0858 swing show key levels at 1.0842 (61.8%) and 1.0834 (38.2%). Price has repeatedly tested the 1.0834 level without breaking through, making it a critical point for near-term direction. A break above 1.0842 would signal a shift in sentiment, while a retest below 1.0821 could extend the consolidation phase.

Backtest Hypothesis
A potential strategy to consider is entering long positions on a bullish engulfing pattern near key support (1.0821–1.0823) with a stop-loss placed below the low of the pattern. A target of 1.0834–1.0844 aligns with Fibonacci retracement and prior resistance levels. Short-term traders could also look to short near 1.0855–1.0858 if volume fails to confirm a breakout. This strategy relies on pattern confirmation and volume behavior for accuracy.