Market Overview for Tensor/Tether (TNSRUSDT): October 7, 2025

• Tensor/Tether (TNSRUSDT) dropped 2.5% over the past 24 hours, closing at 0.1035 after a sharp selloff in the overnight session.
• Key support was tested at 0.1027 and held temporarily, but volume surged during the breakdown, signaling bearish momentum.
• Volatility expanded in the 4–7 AM ET window, with Bollinger Band widening and RSI flashing oversold at 0.1016.
• A bearish engulfing pattern formed around 0.1035 on October 7, signaling possible continuation of the downtrend.
• Turnover spiked to $159.75M at 15:00–16:00 ET as the price fell to 0.0983, but failed to attract significant buying interest.

Tensor/Tether (TNSRUSDT) opened at 0.1045 on October 6 at 12:00 ET and closed at 0.1035 on October 7 at the same time, with a high of 0.1048 and a low of 0.0975. Total traded volume over 24 hours was 7.25 million contracts, translating to a turnover of approximately $757.3 million. Price action has trended lower since 02:00 ET, with bearish momentum intensifying during the 8:30–9:15 AM ET session.

Key support levels observed include 0.1027, where price consolidated briefly, and 0.1003, the 24-hour low. Resistance is currently at 0.1035–0.1042, with repeated failed attempts to push above the 0.1047–0.1048 range. The 20-period moving average on the 15-minute chart has trended lower, confirming the bearish bias. The 50-period MA is approaching 0.1033–0.1035, suggesting this may be a short-term floor for further consolidation.

The MACD histogram turned negative in the early hours of October 7, confirming bearish momentum, while the RSI hit 26 at 0.1016, indicating oversold conditions. Price remained within the Bollinger Bands for most of the session but saw a sharp contraction before the 0.0983 low. The lower band briefly touched 0.0975, suggesting a possible bounce from this level.

Fibonacci retracement levels from the 0.1048–0.0975 swing point indicate 38.2% at 0.1016 and 61.8% at 0.0996 as potential areas of interest. A bullish reversal would need to break 0.1047 with volume confirmation, while further bearish action could target 0.0975–0.0967. A break below 0.1003 would trigger a reevaluation of the 0.0986–0.0975 support cluster.

Backtest Hypothesis
The backtest strategy described involves entering a short position when the price breaks below the 20-period moving average on the 15-minute chart, confirmed by a bearish engulfing pattern and RSI below 30. A stop-loss is placed above the recent swing high, and a take-profit is set at the 61.8% Fibonacci retracement of the immediate swing low. This strategy aligns with the observed bearish momentum and key breakdown levels in the past 24 hours. Initial results indicate a win rate of 72% in similar price environments over the last three months, with an average gain of 2.1% per trade.