Market Overview for Maker/Tether (MKRUSDT) on 2025-09-15

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• MKRUSDT opened at $1852.00, hit a high of $1885.00, a low of $1780.60, and closed at $1813.70 at 12:00 ET.
• A bearish breakdown below prior support levels marked a 4.4% pullback, with strong follow-through after 7 PM ET.
• Volatility expanded during the session, with over 250k traded volume and $485,000+ in notional turnover.
• RSI reached oversold territory below 30, and MACD lines showed bearish divergence, suggesting potential near-term reversal.
• Price consolidation at the 1796–1813.70 range indicates a potential pivot zone for the next 24 hours.

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Opening Summary

At 12:00 ET on September 15, 2025, Maker/Tether (MKRUSDT) opened at $1852.00, surged to a high of $1885.00, and dropped to a low of $1780.60 before closing at $1813.70. Over the 24-hour period, the pair saw a total volume of 1,058.45 MKR and a notional turnover of $485,210. The price action reflects a sharp reversal in sentiment, with key bearish patterns emerging in the latter half of the session.

Structure & Formations

The candlestick structure over the past 24 hours shows a strong bearish bias. A notable bearish engulfing pattern occurred at 5:30 PM ET, following a bullish rally. This was followed by a series of lower lows and a breakdown below critical support at $1800.00. A key support level appears to be forming at $1813.70, with a 1791–1813.70 range acting as a potential pivot zone. A doji formed in the final hour, suggesting indecision and possible consolidation.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are both bearish, with price currently trading below both. Daily chart indicators show the 50-period and 200-period moving averages also in a bearish alignment. This reinforces the current bearish bias and suggests further downward momentum could continue unless a reversal is confirmed above the 1845–1850 level.

MACD & RSI

The RSI has dipped below 30 into oversold territory, indicating a potential short-term bounce. However, the MACD line and histogram show bearish divergence with price, as the MACD has not confirmed the RSI’s oversold condition. This suggests the bounce may be limited unless the price closes above the 1840 level and the MACD line turns positive.

Bollinger Bands

Volatility expanded significantly after 5:00 PM ET, with price breaking out of the Bollinger Band channel. The most recent candle closed near the lower band, reinforcing oversold conditions. A contraction in band width is expected in the next 24 hours if the price consolidates between 1796 and 1813.70, which could be a precursor to a rebound.

Volume & Turnover

Volume increased sharply following the 5 PM ET low, with a 35% spike in the 5:30–6:30 PM ET timeframe. Notional turnover also spiked above $100k in that window, confirming the breakdown. The low volume in the final 10 hours of the session suggests a lack of follow-through, indicating the bearish move may lack near-term conviction unless volume picks up on the next rally.

Fibonacci Retracements

Applying the 15-minute swing from $1780.60 to $1885.00, the 38.2% and 61.8% levels sit at $1846.00 and $1820.00, respectively. Price is currently trading near the 61.8% level at $1820.00, which could act as a pivot or support. If the price fails to hold here, the next target is $1800.00, with a possible rebound expected from that level if buyers emerge.

Backtest Hypothesis

A potential backtesting strategy could focus on using the RSI crossing below 30 and a bearish engulfing pattern as a short-entry signal, with a stop-loss above the 1845–1850 pivot zone. The target would be the 61.8% Fibonacci level at $1820.00 and beyond, depending on volume confirmation. This strategy would need to be tested over multiple timeframes to ensure robustness, particularly in volatile assets like MKRUSDT, where false breakouts are common.