Market Overview for BENQI/Tether (QIUSDT) on 2025-09-18

• BENQI/Tether (QIUSDT) rose 3.77% in 24 hours, closing above key resistance.
• Volatility surged with a 0.00046 range, peaking at 0.00791 in early ET.
• Volume spiked to 10.8M at 12:45 ET, confirming bullish momentum.
• RSI approached overbought levels, suggesting possible consolidation.
• Bollinger Bands tightened before the breakout, hinting at a reversal in trend.

The pair opened at 0.0072 at 12:00 ET−1 and closed at 0.00785 at 12:00 ET, with a high of 0.00791 and a low of 0.00714. Total traded volume reached 84.7 million units, and notional turnover stood at 684,900 USD, reflecting significant on-chain activity and price discovery.

The 15-minute chart shows a clear breakout pattern from a tight consolidation range, with a bullish engulfing candle at 0.00784–0.00791 on 14:15 ET. Key support levels were observed at 0.00761 and 0.00731, with a decisive break above the 0.00776 Fibonacci 61.8% retracement. This suggests the pair may continue to test 0.0080 as the next psychological threshold.

Moving averages on the 15-minute chart show the 20SMA and 50SMA in bullish alignment, with price well above both lines. On the daily chart, the 50DMA has crossed above the 200DMA, indicating a potential longer-term uptrend. MACD showed a bullish crossover with a rising histogram, while RSI approached 75, signaling a possible near-term correction. Bollinger Bands had tightened ahead of the breakout, confirming increased volatility.

The 24-hour volume profile shows a sharp spike at 12:45 ET with 10.8 million units traded, coinciding with the QIUSDT price hitting 0.00782. This aligns with the 0.00776–0.00784 Fibonacci 61.8–76.4% range and suggests strong institutional or algorithmic participation. The 14:15 ET candle closed at 0.00791, forming a strong bullish confirmation pattern. Traders should monitor 0.00765 as a key support; a break below could invalidate the recent bullish case.

Backtest Hypothesis

A potential strategy could involve a bullish breakout system where longs are initiated when price breaks above the upper Bollinger Band on the 15-minute chart, confirmed by a close above the 20SMA and a RSI above 60. A stop-loss could be placed just below the 0.00761 support level, with a target at 0.00795–0.0080. Given the current momentum and Fibonacci alignment, this setup could yield a favorable risk/reward of 1:1.5 to 1:2 in the next 24–48 hours. Traders might consider adding to longs at pullbacks within the 0.00765–0.00776 range if volume remains strong and RSI stays above 50.