Market Overview for Contentos/Tether (COSUSDT) – October 11, 2025

• Price dropped sharply during the early session, reaching a low of $0.002456 before stabilizing.
• Momentum indicators suggest oversold conditions emerged mid-day with RSI hitting 20.
• Volume increased significantly during the selloff but remains uneven during recovery phases.
• Price rebounded from key support around $0.00207 and tested resistance near $0.00214.
• Bollinger Bands showed a wide expansion, signaling high volatility in the 24-hour window.

Contentos/Tether (COSUSDT) opened at $0.002901 on October 10 at 12:00 ET and closed at $0.00214 at 12:00 ET on October 11. The pair reached a high of $0.002923 and a low of $0.000994 during the session. Total volume amounted to 612.79 million, with notional turnover at $1.29 million over the 24-hour period.

The price experienced a pronounced bearish move starting at 19:30 ET, where it dropped from $0.002862 to $0.002823, forming a large bearish candle. By 21:15 ET, the price collapsed further to a session low of $0.002469, driven by a massive volume of 66.81 million. A sharp rebound began from 21:45 ET, with price stabilizing and testing key support at $0.00207 and resistance at $0.00214 by the session close. Notably, a bullish engulfing pattern formed around 02:45 ET when price moved from $0.002077 to $0.002092.

The 20-period and 50-period moving averages on the 15-minute chart suggest bearish bias during the early selloff, with price falling below both indicators. On the daily chart, the 50/100/200 EMA lines are closely aligned, indicating a potential consolidation phase ahead. MACD turned bearish during the sell-off but showed a positive divergence mid-rebound. RSI dropped to 20 at 21:15 ET, signaling oversold conditions before a modest rally.

Bollinger Bands expanded during the selloff, with price hitting the lower band at 21:15 ET. After that, price remained within the bands but with tighter volatility. A 61.8% Fibonacci retracement level at $0.00226 and a 38.2% level at $0.00242 appeared to cap the initial rebound. Volume increased during the selloff but was inconsistent during the recovery, suggesting mixed conviction.

Given the sharp price decline and subsequent rebound, a cautious bullish bias could develop if the $0.00214 resistance is confirmed. However, a breakdown below $0.00207 could reignite bearish momentum. Investors should monitor volume behavior and key resistance levels closely.

Backtest Hypothesis
The backtest strategy involves entering a long position when RSI drops below 20 and the price closes above the 20-period EMA on the 15-minute chart. A stop-loss is placed at the previous swing low, while the take-profit is set at the 61.8% Fibonacci retracement level from the recent bearish swing. This setup could capture rebounds in oversold conditions but carries risk if the trend continues lower.