Market Overview: Compound/Tether (COMPUSDT) – 24-Hour Summary for 2025-10-14

• • •

• Price surged from $33.33 to $36.38 overnight but reversed with heavy volume, closing at $34.69.
• Bullish momentum peaked before 20:00 ET, followed by a sharp bearish reversal and oversold RSI conditions.
• High volatility expanded through Bollinger Band breakouts and a key 20SMA crossover during the bullish phase.
• Volume confirmed bearish strength during the downturn, especially post 02:00 ET.
• Fibonacci support at 33.82–33.44 held temporarily, with the 61.8% level at $33.29 now under pressure.

Compound/Tether (COMPUSDT) opened at $34.96 on 2025-10-13 at 12:00 ET and reached a high of $36.38 before closing at $34.69 on 2025-10-14 at the same time. Total volume over the 24-hour window was ~68,650 COMP, with notional turnover reaching approximately $2,320,000, reflecting heightened activity during key bearish reversal hours.

The price action unfolded in a classic bullish-bearish reversal pattern, with a sharp move up from 18:00 ET and a bearish breakdown post 02:00 ET. A Bullish Engulfing pattern formed at 19:30 ET, confirming initial strength, while a Bearish Engulfing pattern at 04:00 ET marked a key turning point. The 20SMA crossed above the price during the early bullish phase but fell below it as bearish pressure mounted, suggesting short-term bearish bias. The 50SMA currently resides above the close, indicating mixed signals for intermediate-term traders.

MACD showed a positive divergence early on, with the histogram expanding before the price reversal, followed by a bearish crossover as bearish momentum intensified. RSI hit overbought territory at 70+ during the bullish phase and then oversold levels at ~30 by the morning, indicating potential exhaustion on both ends. Bollinger Bands showed significant expansion during the bullish phase and narrowed post 03:00 ET, hinting at a potential consolidation or reversal phase ahead.

Volume was strong during the bullish leg, particularly in the 19:00–20:00 ET timeframe, with cumulative volume exceeding 10,000 COMP. However, the bearish leg saw even higher volume spikes, particularly in the 02:00–04:00 ET window, confirming the bearish sentiment. Notional turnover spiked in line with volume, with the largest trade occurring at 22:00 ET, where 11,328 COMP changed hands at $36.20, contributing to a sharp reversal.

Fibonacci retracement levels on the 15-minute chart showed key support at 33.82–33.44, where price found temporary support after the morning lows. The 61.8% retracement level at $33.29 is now under pressure, with a 50% retracement at $33.63 also in play. On the daily chart, the 200DMA currently sits at ~$35.00, offering a potential resistance ahead of further bearish movement.

The Bullish Engulfing pattern at 19:30 ET (closing at $36.01) could be a strong candidate for a backtest of the “Bullish Engulfing → buy at the close, sell at the next candle’s close” strategy. This candle closed at $36.01, with the next candle closing at $36.20, offering a 0.6% gain in the very next candle. The bearish reversal after 02:00 ET, however, illustrates the importance of confirming the pattern with a strong close and measuring its effectiveness in different volatility environments.