Market Overview: Sign/Tether (SIGNUSDT) 24-Hour Analysis

• SIGNUSDT traded lower over 24 hours, closing near a key support level with high volatility.
• Volume surged in the final hours, confirming bearish momentum and bearish divergence.
• A notable 15-minute bearish engulfing pattern formed near 0.0850, signaling potential continuation.
• RSI entered oversold territory late, suggesting possible near-term bounce or continuation of downtrend.
• Bollinger Bands narrowed earlier in the session, preceding the sharp decline in price.

Opening and Price Action Summary

Sign/Tether (SIGNUSDT) opened at 0.08565 on 2025-09-20 at 16:00 ET and closed at 0.08367 at 12:00 ET on 2025-09-21. The pair reached a high of 0.08698 and a low of 0.08245, exhibiting a volatile 24-hour range. Total volume amounted to approximately 15.5 million units, while notional turnover stood at roughly $1.3 million. The session saw a bearish close, with prices finishing near a critical support level.

Structure & Key Levels

The 24-hour candlestick pattern revealed a strong bearish bias, with a descending trend dominating the final 12 hours. Notable support levels emerged around 0.08367 (2025-09-21 13:00) and 0.0830 (2025-09-21 04:15). A bearish engulfing pattern formed at 0.0850, suggesting continuation of the downtrend. Resistance levels are currently at 0.0845 and 0.0855. A key 61.8% Fibonacci retracement level of the recent decline is at 0.08435, which may act as a potential reversal zone.

Moving Averages and Momentum

On the 15-minute chart, the 20-period and 50-period moving averages crossed bearishly into the red, confirming downward momentum. The 200-period SMA on the daily chart remains above the current price, indicating the pair is still in a larger bearish phase. MACD showed bearish divergence in the final hours, with the histogram shrinking despite continued price declines. RSI entered oversold territory below 30, which may indicate a potential bounce or consolidation phase.

Volumes and Bollinger Band Activity

Volume increased sharply during the last 10 hours of the session, particularly around 0.0840 and 0.0835. Notional turnover peaked at 0.08367, aligning with the key support level, suggesting significant selling or stop-loss activity. Bollinger Bands showed a sharp contraction early in the session, followed by a strong expansion as prices broke through the lower band, indicating heightened volatility and bearish pressure.

Backtest Hypothesis

The backtest strategy involves entering short positions when RSI drops below 30 and volume exceeds the 20-period moving average, with a stop-loss placed above the 50-period EMA on the 15-minute chart. This aligns with the current price action, where both conditions were met during the 0.0840–0.0836 price range. The strategy would have captured a significant portion of the recent move to 0.08245. A trailing stop near the 0.0835 level could enhance risk-reward while managing drawdowns.