Market Overview for Mitosis/Tether (MITOUSDT) – 2025-10-13

• Price surged 6.7% from $0.1211 to $0.1248 after 22:00 ET, but reversed to close at $0.1236.
• Volatility expanded as price moved from a 15-minute range of $0.0016 to $0.0051.
• High volume observed during the 08:30–10:45 ET bullish phase and sharp sell-off at 11:30 ET.
• RSI briefly entered overbought territory before retracing; MACD signaled bullish momentum before the pullback.
• Price tested a recent 15-min support at $0.1214 twice, failing to break below before rebounding.

Mitosis/Tether (MITOUSDT) opened at $0.1211 on 2025-10-12 at 12:00 ET and reached a high of $0.1255 by 17:30 ET. The price declined through a key resistance zone, closing at $0.1236 on 2025-10-13 at 12:00 ET. Total volume for the 24-hour period was approximately 7.8 million MITO, with a notional turnover of $959,295, suggesting strong participation during key price swings.

Structure & Formations

Over the past 24 hours, MITOUSDT exhibited a strong bullish impulse from 17:30 to 08:30 ET, marked by a series of engulfing patterns and strong volume surges. A critical resistance at $0.1255 was briefly breached before a sharp retracement to $0.1214, where buyers reasserted control. A doji formed near the 20-period moving average at $0.1235, hinting at indecision. Key support levels appear to be consolidating at $0.1220 and $0.1214, with a potential bearish reversal forming after 11:30 ET.

Moving Averages

The 20-period moving average on the 15-minute chart crossed above the 50-period line around 18:00 ET, signaling a potential short-term bullish trend. However, by 11:30 ET, the 50-period line crossed below the 20-period, indicating weakening momentum. On the daily chart, MITOUSDT has remained above the 50- and 100-period lines, but is now approaching the 200-period average at $0.1217, suggesting possible near-term consolidation or a reversal.

MACD & RSI

The MACD turned bullish during the 18:00–09:45 ET window, reaching a positive divergence of up to +0.0015 before pulling back. The RSI peaked at 68 during the rally and dropped to 49 by the end of the session, indicating a moderate correction. While not overbought or oversold for most of the session, the rapid reversal after 11:30 ET triggered a bearish divergence in both indicators, suggesting caution in further short-term gains.

Bollinger Bands

MITOUSDT traded within a tightening Bollinger Band during the early hours of the session, breaking out to the upside just after 18:00 ET. The 15-minute band width expanded significantly, with the price reaching the upper band at $0.1255. By 11:30 ET, price had collapsed to the lower band at $0.1211, indicating a high volatility period. The current price is now near the middle band, suggesting a possible re-balancing of risk.

Volume & Turnover

Volume spiked to over 900,000 MITO during the 18:00–09:45 ET rally, confirming the bullish breakout. However, a sharp decline in both volume and turnover followed the 11:30 ET sell-off, with a 30-minute turnover of just $13,766. This divergence between price and volume raises questions about the sustainability of the current correction. The 24-hour turnover of $959,295 appears to be in line with recent averages.

Fibonacci Retracements

Key Fibonacci levels from the recent 15-minute swing (from $0.1214 to $0.1255) are now acting as resistance and support. The 38.2% retracement level at $0.1241 and the 61.8% level at $0.1228 were both tested and partially held. On the daily chart, the 61.8% retracement level from a prior correction is currently at $0.1236, where the price closed today, suggesting a potential pivot point.

Looking ahead, MITOUSDT faces a critical juncture. A retest of $0.1236 with strong volume could confirm a short-term base. However, a breakdown below $0.1220 may signal a deeper correction toward $0.1214. Investors should closely monitor the 50-period moving average and RSI for signs of divergence or re-entry momentum.

Backtest Hypothesis

The proposed backtest seeks to evaluate the performance of the Bullish Engulfing candlestick pattern on MITOUSDT. Unfortunately, the data provider returned an internal error when attempting to retrieve historical occurrences of this pattern. Possible causes include an unrecognized ticker format or a lack of available data for this specific pair. To proceed, one of the following options must be selected:

A. Symbol Verification: Confirm that the correct ticker is being used (e.g., “MITO-USDT” vs. “MITOUSDT”).
B. Manual Input: If external Bullish Engulfing dates are available, they can be provided for an immediate 3-day backtest.
C. Manual Pattern Detection: I can attempt to identify Bullish Engulfing patterns directly from the 15-minute OHLC data provided.
D. Alternative Asset/Pattern: If MITOUSDT is not supported, I can test the strategy on a different supported pair or use a different pattern, such as the Bearish Inverted Hammer or the Morning Star.