Market Overview for Automata Network/Tether (ATAUSDT)

Summary
• Price rose from 0.0265 to 0.0285, hitting a 24-hour high at 0.0285.
• Volume increased steadily, peaking at 285,122 around 03:45 ET.
• Momentum shifted midday before stabilizing in late ET hours.

The Automata Network/Tether (ATAUSDT) pair opened at 0.0265 on 2025-11-07 at 12:00 ET and closed at 0.0276 by 12:00 ET on 2025-11-08, reaching a high of 0.0285 and a low of 0.0262 during the 24-hour period. Total volume reached 10,116,973, while notional turnover amounted to $278,543. The 15-minute candles showed a bullish breakout in the early ET hours before consolidating toward the end of the day, signaling mixed investor sentiment.

Structure & Formations

Price found support at the 0.0271–0.0273 level multiple times, while resistance emerged around 0.0281–0.0283. A bullish engulfing pattern appeared around 19:15 ET, suggesting a potential reversal. A morning doji near 00:15 ET indicated indecision, with buyers stepping in after 00:30 ET to push the price higher.

Moving Averages

On the 15-minute chart, the 20-period MA crossed above the 50-period MA early in the session, reinforcing bullish momentum. The 50-period MA currently sits below the 100 and 200-period MAs, indicating a potential continuation of a medium-term bullish trend.

Bollinger Bands

Volatility remained moderately elevated throughout the day, with price testing the upper band multiple times, particularly between 19:30 and 21:30 ET. A narrow contraction in the morning preceded the breakout, suggesting increased volatility was anticipated.

Volume & Turnover

Volume surged to a peak of 285,122 around 03:45 ET, with price rising slightly in tandem. This suggests a strong conviction in the move. In contrast, during the afternoon, price moved higher with relatively lower volume, pointing to a possible exhaustion of bullish momentum.

Fibonacci Retracements

Applying the 61.8% retracement level to the recent 15-minute swing between 0.0271 and 0.0285, the key level is 0.0279, which was tested multiple times during the session. A close above 0.0283 would align with the 78.6% level, indicating a potential extension of the bullish phase.

Backtest Hypothesis

The missing MACD data presents a gap in assessing momentum shifts, particularly around key turning points. Since MACD is typically used to validate trend strength and identify potential golden or death crosses, confirming the correct trading pair format—such as "BINANCE:ATAUSDT" or "KUCOIN:ATAUSDT"—would enable a more accurate backtest. Once this is resolved, a MACD golden-cross event could be analyzed for trade signals in alignment with the observed bullish price action.