Market Overview for Tensor/Tether (TNSRUSDT) – 2025-11-03

• Price declined sharply from 0.0543 to 0.0471 amid heavy volume.
• Momentum weakened with RSI below 30 and MACD bearish.
• Bollinger Bands show expansion, with price near lower band.
• Volume surged during the late ET session, confirming bearish sentiment.
• Fibonacci retracement suggests further downside near 0.0451.

The Tensor/Tether pair (TNSRUSDT) opened at 0.0524 on 2025-11-02 at 12:00 ET and closed at 0.0471 by the same time on 2025-11-03. During the 24-hour period, it reached a high of 0.0543 and a low of 0.0451. Total traded volume was 19,669,926.6 units, with a notional turnover of $990,805. The price moved decisively lower, particularly after 15:30 ET, when a sharp bearish move triggered by a large-volume candle pushed price to the session low.

The structure of the candlestick data reveals several key support levels at 0.0520, 0.0492, and now the critical 0.0471–0.0474 range. Notable patterns include a large bearish engulfing candle around 22:45 ET and a sequence of bearish harami patterns from 03:00 to 04:00 ET. These formations suggest a shift in momentum toward sellers. On the 15-minute chart, the 20-period moving average (0.0517) and 50-period moving average (0.0505) are both below the price, confirming a bearish bias. On the daily timeframe, the 50, 100, and 200-day moving averages are not available for such a new asset, but intraday momentum indicators serve a similar function.

Momentum indicators reinforce the bearish sentiment. The MACD is in negative territory, with a bearish crossover, while the RSI is in oversold territory at 28.6, indicating potential for a pullback. However, divergence between price and RSI is not evident at this point, so the bearish pressure remains strong. Bollinger Bands have expanded to reflect increased volatility, with the price currently near the lower band at 0.0471–0.0474. This suggests a high probability of either a bounce or a continuation of the downtrend.

Volume and turnover data show strong confirmation of the recent bearish move, especially during the 15:30–16:45 ET window. During this period, over 1.99 million units were traded at prices below 0.0480, contributing to a $93,000 notional drop. Notably, price and turnover moved in the same direction, reinforcing the validity of the bearish thesis. On a Fibonacci retracement of the recent 0.0543–0.0471 swing, key levels include 38.2% at 0.0516 and 61.8% at 0.0497. The current price near 0.0471 aligns with the 100% level of the prior bullish swing, raising the possibility of a continuation of the downward trend.

The bearish engulfing and harami patterns identified in this report could form the basis for a backtesting strategy. Assuming the bearish engulfing pattern is confirmed at close, a short position could be entered at the next period’s open and exited at the close of the subsequent candle. Applying this logic to a broader set of candles or a different asset (e.g., SPY) allows for a historical performance assessment of such a strategy. Given the strong volume and price action confirmation, this approach may be valid for assets similar to TNSRUSDT with comparable volatility profiles.