Market Overview for Bonfida/Tether (FIDAUSDT) – 24-Hour Analysis

• FIDAUSDT opened at $0.0647 and closed at $0.0621, with a high of $0.0684 and low of $0.0601 over the 24-hour period.
• The price experienced a bearish reversal from an intraday high of $0.0684, indicating potential bearish momentum.
• Volatility expanded significantly, with the price trading within wide Bollinger Bands and a 15-minute swing range of $0.0083.
• Notable 15-minute bullish and bearish engulfing patterns were observed, suggesting key turning points.
• Daily volume reached 10.5M, and turnover hit $685k, with heavy selling pressure after 22:00 ET and a recovery attempt after 07:00 ET.

Bonfida/Tether (FIDAUSDT) opened at $0.0647 on 2025-10-13 at 12:00 ET and closed at $0.0621 on 2025-10-14 at 12:00 ET. The 24-hour high and low were $0.0684 and $0.0601, respectively. Total volume traded was approximately 10.5 million units, with a notional turnover of $685,000. The price exhibited a distinct bearish bias during the late New York trading session and showed signs of consolidation later in the day.

Structure & Formations

The 15-minute chart displayed a series of bullish and bearish engulfing patterns that marked key reversal points. A strong bearish engulfing pattern occurred at 22:00 ET when the price moved from $0.0677 to $0.0675, followed by a bearish breakdown below $0.0670. On the flip side, a bullish engulfing candle formed at 07:00 ET, pushing the price from $0.0611 to $0.0616, which provided a brief counter-trend bounce. A key support level emerged near $0.0608–$0.0609 after the price consolidated there multiple times, suggesting it may act as a floor for near-term buyers.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart crossed in a bearish alignment, with the 50-period line above the 20-period line. This suggests a short-term bearish bias. On the daily chart, the 50-period and 100-period moving averages also crossed in a bearish crossover, reinforcing the notion that the market is currently in a bearish phase. The 200-period line remained above the price, indicating long-term bearish pressure and a lack of bullish conviction from longer-term investors.

MACD & RSI

The MACD histogram showed a strong bearish divergence during the late trading hours on 2025-10-13, with negative momentum building up before the price broke down to its intraday low. The RSI moved below 30 at 23:00 ET, entering oversold territory, but failed to generate a meaningful bounce. Instead, the price continued to consolidate around $0.0608–$0.0609. A brief RSI rebound above 50 occurred at 07:00 ET, but it was short-lived and failed to translate into a sustained bullish move, suggesting momentum remains weak.

Bollinger Bands

The 15-minute Bollinger Bands displayed a significant expansion during the peak volatility period between 18:00 and 22:00 ET, with the price oscillating within a range of $0.0668 to $0.0684. The upper band acted as a resistance, particularly at $0.0684, which the price tested twice before retreating. Later in the day, the bands contracted as volatility decreased, with the price consolidating near the lower band between $0.0608 and $0.0612. This suggests the market may be entering a period of low volatility and range-bound trading.

Volume & Turnover

Volume spiked significantly between 18:00 and 21:00 ET, peaking at 1.24 million units in the candle that closed at $0.0678, suggesting strong bearish conviction. Notional turnover reached $83,500 during that period, which coincided with the breakdown from $0.0678 to $0.0668. Later in the day, volume remained elevated but less so, with the most active session occurring at 07:00 ET, where 1.28 million units were traded as the price attempted a bullish recovery. A divergence between price and volume emerged in the final hours, with lower volume supporting a bearish continuation.

Fibonacci Retracements

Applying Fibonacci retracements to the 15-minute swing from $0.0601 to $0.0684, the key levels of 38.2% and 61.8% corresponded to $0.0646 and $0.0627, respectively. The price stalled at the 61.8% level before moving lower, indicating bearish pressure. On the daily chart, a recent swing from $0.063 to $0.0685 shows retracement levels at $0.0654 (38.2%) and $0.0643 (61.8%), which the price tested during the consolidation phase. These levels may serve as key areas for near-term price action.

Backtest Hypothesis

To evaluate the performance of potential trade strategies based on this technical environment, a backtest could be conducted using either intraday 15-minute entries or daily approximations. A strategy based on identifying bullish and bearish engulfing patterns on the 15-minute chart, with a short holding period, could be tested to determine its effectiveness in capturing intraday swings. For instance, entering on the engulfing signal and exiting after 15 minutes or at the next session’s open could provide insights into the reliability of such patterns in this volatile environment. The divergence between volume and price also presents an opportunity to test mean-reversion strategies after key support levels are tested.