Market Overview for dogwifhat/Tether (WIFUSDT): 24-Hour Technical Breakdown

• WIFUSDT rose from $0.736 to $0.747 in 24 hours, showing a modest bullish bias with strong volume in the afternoon.
• Price formed bullish engulfing patterns and retested 0.743-0.745 support, followed by a late consolidation phase.
• RSI showed moderate momentum with no overbought signal, and Bollinger Bands reflected increased volatility after 17:00 ET.
• Volume surged to over 450k units during the 17:30 ET 15-minute candle, while turnover confirmed the price rise.
• Fibonacci retracement of 61.8% aligned with the $0.745 level, acting as a short-term pivot in the 24-hour window.

WIFUSDT opened at $0.736 on 2025-09-26 at 12:00 ET and closed at $0.747 on 2025-09-27 at 12:00 ET, with an intraday high of $0.760 and a low of $0.736. Total volume across the 24-hour window was 2,683,669.67 units, with a notional turnover of $1,985,996.35 based on weighted average prices.

The price action showed a clear bullish bias in the early afternoon, with a strong engulfing pattern forming between 17:30 and 18:00 ET, where the price surged from $0.747 to $0.757. The rally paused near $0.757, with no confirmation of a breakout above this key level. On the downside, $0.743–0.745 acted as a strong support zone, where the price found repeated bids, including a bullish hammer at 21:30 ET and a doji at 00:15 ET the next day. These patterns suggest a buying interest at these levels, though bearish pressure returned after 05:15 ET.

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The 20-period and 50-period SMAs on the 15-minute chart crossed favorably in the afternoon, confirming the bullish trend, while the 50-period SMA on the daily chart remained below the current price, indicating medium-term upside potential. RSI reached 57–60 late in the session, suggesting moderate strength without entering overbought territory. Bollinger Bands showed volatility expansion in the 17:00–19:00 ET timeframe, with the price staying within the upper band and retesting the mid-band at 04:45 ET. The 38.2% and 61.8% Fibonacci retracement levels of the 0.736–0.760 swing aligned with $0.748 and $0.745, respectively, both of which acted as dynamic pivot levels.

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Backtest Hypothesis
A viable strategy may involve entering long positions on a bullish engulfing pattern confirmed by volume above the 20-period average, with a stop loss below the previous swing low. Exit signals could be based on RSI divergence or a close below the 20-period SMA. This approach aligns with the observed engulfing pattern at 17:30 ET and confirmed volume, suggesting a testable strategy for capturing short-term bullish momentum.

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