Market Overview for FIO Protocol/Tether (FIOUSDT) – 2025-09-21

• Price action shows a bearish bias with a key support at 0.01804 and resistance at 0.01836.
• Momentum is mixed, with RSI hovering near neutral and MACD signaling weakening bullish momentum.
• Volatility dipped during the overnight session, but increased in the early morning hours.
• Volume spiked near 0.01804 and again at 0.01816, suggesting key price levels of interest.
• A bearish engulfing pattern emerged during the 05:45–06:00 ET window, hinting at a potential short-term pullback.

FIO Protocol/Tether (FIOUSDT) opened at 0.01813 on 2025-09-20 12:00 ET and closed at 0.01809 on 2025-09-21 12:00 ET, with a 24-hour high of 0.01861 and a low of 0.01795. Total volume for the period was 9,706,624.0 units, with a notional turnover of $176,298.45. The pair displayed a consolidating pattern with key support around 0.01804 and resistance at 0.01815.

Structure and formations show a bearish slant with a strong rejection at 0.01816–0.01818 and a bearish engulfing pattern observed during the 05:45–06:00 ET window. A large doji at 0.01808 suggests indecision at this level, which appears to be a short-term equilibrium. The 20-period and 50-period moving averages are closely aligned near 0.01813, indicating a sideways bias. The 50-period line, however, appears to be slightly bearish, suggesting a possible test of the 0.01804 support in the near term.

MACD signals mixed momentum, with the histogram contracting around 0.0181 and a bearish crossover observed at 0.01808. RSI is currently neutral at around 49, indicating no overbought or oversold conditions. However, it shows a bearish divergence near 0.0182. Bollinger Bands reflect a tightening volatility profile during the overnight session but expanded in the early morning as price tested 0.01815. The price remains within the bands, with no breakout signs observed.

Fibonacci retracements from the key 0.01795–0.01836 swing show 0.01806 at 38.2% and 0.01819 at 61.8%. Price has bounced off 0.01806–0.01807 multiple times, suggesting it’s a short-term floor. Volume and turnover are aligned, with notable spikes at 0.01804 and 0.01815–0.01816. The price action and volume confirm key levels of interest without showing clear divergence.

Backtest Hypothesis: The proposed strategy involves entering short positions on a bearish engulfing pattern with confirmation by closing below the 0.01804 support level. A stop loss is placed above 0.01812, and take profit is set at 0.01795–0.01790. Given the recent rejection at 0.01808 and the bearish divergence in RSI, this setup could offer a high-probability trade if confirmed by closing below 0.01804. The pattern and volume at 0.01804–0.01806 suggest strong selling pressure and could act as a trigger for further bearish momentum in the coming hours.