Market Overview for Tensor/Tether (TNSRUSDT)

• TNSRUSDT drops to 0.1243 on high-volume bearish swings, confirming key support levels.
• RSI signals oversold conditions near 30, but volume diverges from price decline.
• MACD turns negative, indicating weakening bullish momentum after morning rally.
• Bollinger Bands widen as volatility increases during late ET sell-off.
• Fibonacci 61.8% level at 0.1254 appears to hold as short-term resistance.

On 2025-09-14 at 12:00 ET, Tensor/Tether (TNSRUSDT) opened at 0.1286, hit a high of 0.1294, a low of 0.1210, and closed at 0.1220. Total volume for the 24-hour period was 7,118,826.5, with notional turnover of $881,057. The pair saw a sharp drop in the late hours of ET amid increased bearish momentum.

Structure & Formations

The 15-minute chart shows several bearish patterns, including a gravestone doji at 0.1279 and a dark cloud cover at 0.1284–0.1281, signaling potential exhaustion of bullish momentum. Price action has retreated below the 20- and 50-period moving averages, suggesting short-term bearish control. A strong support level has formed at 0.1210 following multiple tests and rejections.

Moving Averages and MACD/RSI

The 20-period MA on the 15-minute chart is at 0.1271, while the 50-period MA is at 0.1265, both below the current price. MACD has turned negative after a brief positive crossover, indicating bearish momentum. RSI is in oversold territory around 30, but price has continued to fall, creating a divergence that suggests further downside is likely before a rebound could form.

Bollinger Bands and Volatility

Volatility has increased sharply, with Bollinger Bands expanding from a narrow range in the early hours of ET. Price has closed several candles below the lower band, especially in the last four hours, confirming bearish pressure. This expansion suggests traders may look for a retest of the 0.1210 level before volatility contracts again.

Volume & Turnover

Volume has surged during the selloff, particularly in the late hours, with the largest single candle at 0.1221–0.1213 printing over 205,845 contracts. This confirms the move lower, as higher volume often validates bearish continuation. However, a divergence appears when comparing the declining price with RSI, suggesting a potential pause in the move lower.

Fibonacci Retracements

Fibonacci levels from the 0.1294 high to the 0.1210 low are critical. The 61.8% level at 0.1254 has held as resistance, and the 38.2% level at 0.1269 may now act as a short-term support. Traders should watch for a bounce from 0.1248 (Fib 78.6%) before considering a longer-term bottom forming.

Backtest Hypothesis

The described backtesting strategy emphasizes entries at 38.2% and 61.8% Fibonacci retracement levels with stop-loss below key support and target near the nearest resistance. Given the recent structure and MACD/RSI divergence, this approach aligns well with the observed behavior. A backtest would likely show positive results in a high-volatility, trend-following context, especially if paired with volume confirmation for each trade setup.