Market Overview for Resolv/Tether (RESOLVUSDT) as of 2025-11-14

Summary
• Price opened at 0.1431 and closed at 0.1403 with a 24-h high of 0.1631 and low of 0.1383.
• Total volume reached 65.9 million RESOLV, with turnover of $9.76 million.
• Volatility expanded sharply mid-day before a retracement towards key support levels.

Resolv/Tether (RESOLVUSDT) opened at 0.1431 on 2025-11-13 at 12:00 ET and closed the 24-hour period at 0.1403 on 2025-11-14 at 12:00 ET. During the session, price reached a high of 0.1631 and dipped to a low of 0.1383. Total volume traded amounted to 65.9 million RESOLV, with a notional turnover of approximately $9.76 million. This sets the stage for a dynamic 24-hour period marked by significant price movement and increased participation.

Structure & Formations

Price tested key resistance levels at 0.1500 and 0.1631 before pulling back sharply. A bearish engulfing pattern formed on the candle closing at 0.1403, signaling potential bearish momentum. The 0.1383 level served as a notable support, holding during the final hours of the session and potentially indicating a short-term floor for the pair. The formation of this pattern suggests traders may be positioning for a continuation of the downward move.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart diverged during the late hours of the session, with the 50-period line acting as a dynamic resistance after 2025-11-14 08:00 ET. The 20-period MA crossed below the 50-period MA, forming a bearish “death cross.” On the daily chart, the 50-period MA appears to have crossed below the 100-period and 200-period lines, reinforcing the bearish bias and suggesting further downside could follow.

MACD & RSI

The MACD histogram showed a bearish divergence with price, especially after the 0.1500 level was broken. The RSI indicator dropped into oversold territory (below 30) near the 0.1403 close, hinting at a potential bounce or consolidation. However, the bearish momentum remains intact, suggesting that while a short-term rebound may occur, the broader trend could remain downward.

Bollinger Bands

Price volatility expanded notably around the 0.1600–0.1631 peak before contracting again in the final hours. The 0.1403 close settled near the lower Bollinger Band, suggesting that the market is consolidating within a tightened range. If price fails to break above the 0.1460–0.1475 band, further consolidation or a continued downward drift could be expected.

Volume & Turnover

The largest volume spike occurred at 2025-11-13 18:15 ET, where 4.2 million RESOLV traded at a price of 0.1582. This coincided with a sharp move toward the 0.1631 high, indicating strong conviction in the bullish move. However, the subsequent bearish candle at 2025-11-14 05:45 ET (6.5 million RESOLV traded at 0.1599) showed a reversal in sentiment. Turnover diverged from price in the final candle, with lower volume despite a move toward support, suggesting the bearish move may be losing steam.

Fibonacci Retracements

Applying Fibonacci retracements to the swing high of 0.1631 and swing low of 0.1421, the 61.8% level (~0.1507) was tested multiple times during the session. The 38.2% level (~0.1497) also saw activity but failed to hold. The final close at 0.1403 aligns with the 23.6% retracement level (~0.1468) from the 0.1631 high, indicating a possible intermediate support zone ahead.

Backtest Hypothesis

The backtest strategy described aims to exploit bearish price action by entering a long position following a bearish engulfing pattern and exiting when the price reaches the 0.1383 support level. This absolute price level serves as a hard stop for the trade. Given the current chart structure, including the confirmed bearish engulfing pattern at 0.1403 and the recent consolidation near 0.1383, the exit rule appears well-defined and actionable. Using the 15-minute chart, the strategy could be backtested from the 2022–2025 data to evaluate performance metrics such as win rate, average return, and drawdowns.