Market Overview for Tensor/Tether (TNSRUSDT) on 2025-10-23

• Price declined from 0.0636 to 0.0626 before rebounding into a 0.0636–0.0637 consolidation.
• Volume surged in the late evening before fading, suggesting mixed short-term sentiment.
• RSI and MACD show weakening bullish momentum, with price near mid-Bollinger Band.
• A potential support zone formed at 0.0621–0.0626, with resistance at 0.0634–0.0638.
• Fibonacci retracement levels from the 0.0621 low to 0.0637 high offer key targets and zones.

Tensor/Tether (TNSRUSDT) opened at 0.0632 on 2025-10-22 at 12:00 ET and traded between 0.0592 and 0.0641 before closing at 0.0626 on 2025-10-23 at 12:00 ET. Total 15-minute OHLCV data show a 24-hour volume of 2,786,267.6 and a turnover of 170.51 Tether.

The candlestick structure over the last 24 hours highlights a bearish bias early in the session with a low of 0.0599, followed by a modest rebound. Price found limited support in the 0.0621–0.0626 range and has since tested this level multiple times, failing to break decisively below. A key resistance cluster formed at 0.0634–0.0637 during the early hours of 2025-10-23, coinciding with a bullish engulfing pattern at 0.0636–0.0637. This pattern may signal a near-term reversal, though the lack of follow-through volume and closing action beneath the level suggests caution. A doji formed near 0.0637 at 08:30 ET, indicating indecision, while a bearish harami appeared at 11:45 ET as price pulled back into a consolidation phase.

A 20-period moving average (0.0633) crossed above the 50-period (0.0635), suggesting short-term bearish momentum is waning. The 50-period daily MA at 0.0635 remains above the 200-period MA at 0.0623, maintaining a broader bullish bias. MACD crossed into negative territory but has since flattened, with RSI hovering around 50, indicating balanced but weakening momentum. Bollinger Bands show a moderate expansion in volatility, with the price currently near the mid-band, suggesting a potential continuation phase rather than a breakout. Divergences between volume and price action were minimal, though turnover spiked during the 0.0621–0.0637 rebound, offering some validation to the consolidation.

Fibonacci retracement levels from the 0.0621 low to the 0.0637 high highlight critical zones for near-term action. The 38.2% retracement (0.0630) has seen repeated rejection, while the 61.8% level (0.0626) currently acts as a dynamic support. These levels may offer trading opportunities or consolidation points in the coming 24–48 hours.

The Backtest Hypothesis section provides context for the use of candlestick patterns like the bullish engulfing, observed at 0.0636–0.0637, in actionable trading strategies. The backtest executed buy trades on the open of the next trading day after a Bullish Engulfing pattern and held positions for up to three days. While the engulfing at 0.0637 could represent a potential entry signal in the context of this strategy, its effectiveness depends on the confirmation of a follow-through move and the alignment with broader indicators such as RSI and Bollinger Bands. The strategy is purely momentum-based and relies on no stop-loss or take-profit rules, which may expose it to increased risk if the pattern fails to resolve in favor of the trade. Performance metrics such as win rate and average P&L can be explored in the interactive dashboard provided.