Market Overview for Contentos/Tether (COSUSDT) – 2025-11-08

Summary
• Price opened at 0.001811 and surged to 0.001937 before retracing to close at 0.001873.
• Daily volume hit 141,962,630.99, with $266,944.54 notional turnover.
• Momentum showed mixed signals, with RSI hovering near 50 and MACD neutral.

Contentos/Tether (COSUSDT) opened at 0.001811 on 2025-11-07 at 12:00 ET and closed at 0.001873 by 12:00 ET on 2025-11-08, reaching a high of 0.001937 and a low of 0.001804. Over the 24-hour period, the pair saw a total volume of 141,962,630.99 and a notional turnover of approximately $266,944.54.

Structure & Formations

The 15-minute chart displayed a strong bullish bias in the early evening session (ET), with a high of 0.001937 on 2025-11-07 at 18:30. Price subsequently faced downward pressure, forming a bearish trend by the overnight session. A notable bearish divergence emerged between price and volume during the early morning, with price falling while volume remained elevated, suggesting possible exhaustion in the bearish move. A key support level appears to be forming around 0.001850–0.001860, which has acted as a floor on multiple occasions.

Moving Averages and Volatility

On the 15-minute chart, the 20-period and 50-period SMAs crossed multiple times during the session, indicating choppy conditions. The 50-period SMA is currently positioned above the 20-period, suggesting a possible bearish bias in the short-term. On the daily timeframe, the 50- and 200-period SMAs remain in a bearish configuration, with the 50-period SMA above the 200-period. Bollinger Bands displayed a moderate expansion in the early session, narrowing as the price drifted lower. Price has remained within the lower band for much of the session, pointing to a period of low volatility and potential consolidation.

MACD & RSI

The MACD line has been fluctuating around the signal line, with no clear divergence from price action. This suggests a continuation of the mixed sentiment seen in the short-term. The RSI has spent much of the session near the 50 level, failing to cross into overbought (70+) or oversold (30−) territory. This reinforces the idea of a sideways, range-bound session with limited conviction from either bulls or bears.

Volume & Turnover

The highest volume occurred around 2025-11-07 at 18:30 (ET), coinciding with the high of 0.001937. This period saw a sharp rise in turnover, indicating strong conviction in the upward move. However, after this peak, volume steadily declined as the price moved lower, suggesting weakening demand. The volume-to-price divergence during the descent implies that bears may be running out of steam, increasing the likelihood of a near-term bounce.

Fibonacci Retracements

Applying Fibonacci retracements to the key swing from 0.001804 to 0.001937, the price has found support near the 61.8% level (0.001847), with a possible next target at the 50% level (0.001870). The 38.2% level at 0.001894 may act as resistance in the near term if the price attempts to rally.

Backtest Hypothesis

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