Market Overview for SafePal/Tether (SFPUSDT)

• Price rose from 0.3977 to 0.4186, forming 5 key higher highs and lower lows.
• Volume spiked to 393,276 during a bullish breakout at 0.4129, confirming strength.
• RSI and MACD suggest rising momentum, but price near 0.4154-0.4186 may face resistance.
• Bollinger Bands show moderate volatility; price closed above the 15-min SMA 20.
• Turnover diverged near 0.4063-0.4105, indicating mixed sentiment.

24-Hour Price & Volume Snapshot

SafePal/Tether (SFPUSDT) opened at 0.3977 at 12:00 ET – 1 and closed at 0.4161 at 12:00 ET today, reaching a high of 0.4186 and a low of 0.3970. The 24-hour volume totaled approximately 3,932,760 units, with a notional turnover of $1,616,818 based on average pricing.

Structure and Candlestick Formations

The 15-minute OHLCV data shows a series of higher highs and lower lows from 0.3977 to 0.4186, suggesting a strong bullish trend. Notable formations include a bullish engulfing pattern around 0.4014–0.4058 and a bullish continuation pattern at 0.4119–0.4137. A doji formed near 0.4105–0.4106, indicating indecision. Key support levels include 0.4060–0.4070 and 0.4005–0.4023, while resistance lies at 0.4129, 0.4154, and 0.4186.

Moving Averages and Volatility

On the 15-minute chart, the 20-period and 50-period moving averages are sloping upwards, confirming the bullish bias. Price closed above the 20-period MA, reinforcing this trend. Bollinger Bands show a moderate expansion with increasing volatility observed after the 0.4129 breakout. The 20-period MA is currently at ~0.4090, and the 50-period MA at ~0.4075.

Momentum and Sentiment

The 15-minute MACD line crossed above the signal line at 0.4105–0.4130, indicating a Golden Cross. This suggests a strengthening bullish momentum. RSI values oscillated between overbought (70–75) and balanced levels (55–60), with a current reading of ~58, suggesting continued momentum but not overbought. Fibonacci retracement levels on the 15-minute chart show 0.4129 (38.2%), 0.4154 (61.8%) as potential key levels for continuation or consolidation.

Backtest Hypothesis

To refine the bullish bias observed in the 15-minute chart, a MACD Golden Cross strategy would be ideal, leveraging the recent crossover at 0.4105–0.4130. However, to backtest its efficacy, I need confirmation of the exact data symbol used for SFP/USDT, as the current ticker format may not be recognized by the data source. Please confirm whether you require analysis on "BINANCE:SFPUSDT", another exchange code, or "SFP-USDT" in a different vendor format. Once the correct identifier is provided, I can fetch the historical MACD and Golden Cross data from 2022-01-01 onward and run a robust backtest to assess performance and signal accuracy.