Market Overview for Movement/Tether (MOVEUSDT) – October 12, 2025

• Price action shows a 24-hour range between $0.0780 and $0.0850, with late-day buying pushing price back to near-term highs.
• RSI indicates moderate momentum with no clear overbought or oversold signals, while MACD trends remain mixed.
• Volatility spiked during late ET trading, with a sharp retracement from $0.0850 to $0.0795 observed between 19:30 and 20:00 ET.
• Bollinger Bands highlight a period of contraction during early morning hours, followed by a moderate expansion in the afternoon.
• Notable volume spikes were seen during the late ET and early morning ET timeframes, coinciding with price retracements.

Movement/Tether (MOVEUSDT) opened at $0.0786 on October 11 at 12:00 ET and closed at $0.0801 by 12:00 ET on October 12. The pair touched a high of $0.0850 and a low of $0.0778 during the 24-hour period. Total volume traded amounted to approximately 11,889,061.3 USDT, with a notional turnover of $954,294.

Structure & Formations

The 15-minute chart reveals a complex price action pattern over the past day, characterized by a sharp bearish thrust from $0.0850 to $0.0795 between 19:30 and 20:00 ET. This was followed by a modest recovery, forming a potential bullish reversal pattern near $0.0805. Key support levels appear at $0.0800 and $0.0790, with resistance forming at $0.0820 and $0.0835. A notable bearish engulfing pattern emerged at 19:15 ET, while a doji formed at 03:45 ET, signaling indecision in the market.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed during the recovery phase, with price rising above the 20SMA, suggesting short-term bullish momentum. On the daily chart, price closed above the 50DMA, indicating a more optimistic near-term outlook. However, the 200DMA remains a critical level at $0.0785, which continues to act as a psychological floor for the pair.

MACD & RSI

The MACD line showed a positive divergence after the 20:00 ET dip, aligning with the price recovery. While the histogram expanded in the afternoon, it remained below the zero line for much of the day. The RSI oscillated between 30 and 70 for most of the session, failing to cross into overbought (70+) or oversold (30–) territory. However, a brief RSI dip below 35 at 22:30 ET suggested a short-term pullback that was swiftly reversed.

Bollinger Bands

Bollinger Bands displayed a period of contraction between 00:00 and 05:00 ET, followed by a moderate expansion after the 15:00 ET high. Price remained within the upper and lower bands for most of the session, with the exception of the sharp dip below the lower band at 19:45 ET. This retesting of the band’s lower boundary appeared to trigger a rebound back into the channel, indicating some resilience in the short-term.

Volume & Turnover

Volume surged during the late ET session and early morning, peaking at 937,115.6 USDT during the 19:30 ET candle, coinciding with the sharp bearish move. This was followed by a smaller, yet significant, volume spike at 03:30 ET, as price tested $0.0800. Notional turnover aligned with these price swings, with the highest turnover occurring during the 19:45 ET and 03:30 ET sessions. Divergences were not observed, suggesting volume and price were in agreement.

Fibonacci Retracements

Applying Fibonacci retracements to the $0.0778 to $0.0850 move, key levels emerged at 38.2% ($0.0813), 50.0% ($0.0814), and 61.8% ($0.0815). The pair tested the 50.0% level during the late ET recovery before settling near $0.0805. This suggests that while the 50.0% level may provide some resistance, the 61.8% level remains a critical watchpoint for potential further consolidation.

Backtest Hypothesis

A potential backtesting strategy for this pair could focus on breakout trades initiated from the 50-period SMA on the 15-minute chart, paired with a stop-loss placed just below the most recent swing low. Given the observed price behavior—particularly the sharp move from $0.0795 to $0.0850 followed by consolidation—such a strategy may have captured the late ET recovery. The RSI’s neutrality and the MACD’s positive divergence suggest the conditions were favorable for a short-term bullish breakout, with the 0.0825–0.0830 range acting as a potential take-profit target. This setup aligns with the observed price structure and would benefit from volume confirmation at key entry levels.