Market Overview for Test/Tether (TSTUSDT) – September 24, 2025

• Price rallied from 0.03355 to 0.03593 on 24-hour chart, forming a bullish bias.
• RSI overbought at 65+ for part of the session, indicating potential pullback risk.
• Volume surged during key breakout at 0.0352–0.0356, confirming strength in near-term highs.
• Bollinger Bands expanded after 06:00 ET, showing heightened volatility.
• 20-period MA crossed above 50-period MA (bullish), while daily MA(200) remains a key level.

Test/Tether (TSTUSDT) opened at 0.03457 at 12:00 ET-1 and closed at 0.03526 at 12:00 ET. The 24-hour range was 0.03355 to 0.03593. Total volume reached 62,960,368.9 and turnover hit $2,132,563.08 (calculated as volume × price). The pair showed a clear bullish bias with momentum and volatility increasing in the late hours of the session.

Structure & Formations

The price formed a key bullish flag pattern between 0.0345–0.0352 after a strong breakout above the 0.03487–0.03501 range. Notable resistance levels include 0.0353–0.0357 and 0.0361–0.0365, while 0.0349–0.0351 and 0.0345–0.0347 serve as key support zones. A bullish engulfing pattern appeared at 0.03507–0.03526 at 13:30–14:00 ET, suggesting continued buying pressure. A doji at 0.03504–0.03504 at 05:00 ET indicated a temporary pause in momentum.

Moving Averages

On the 15-minute chart, the 20-period MA crossed above the 50-period MA, confirming a short-term bullish bias. The daily chart showed the 50-period MA at 0.03486, the 100-period MA at 0.03471, and the 200-period MA at 0.03442—indicating a longer-term bullish divergence from the current price above 0.0352.

MACD & RSI

The MACD (12,26,9) crossed above the signal line at 0.03492–0.0352, signaling a bullish crossover. RSI spiked above 65 during the morning hours and remained above 50 for much of the session, suggesting ongoing momentum but a risk of overbought conditions. A pullback to the 45–55 RSI range could indicate consolidation ahead.

Bollinger Bands

Volatility expanded significantly after 06:00 ET as the price traded between 0.03486 and 0.03587. The Bollinger Band width increased from ~0.0002 at 03:00 to ~0.0010 by 08:00, aligning with the breakout. Price has remained within the upper and lower bands, suggesting no immediate breakouts or breakdowns.

Volume & Turnover

Volume spiked during key price action in the 04:45–06:15 and 09:45–13:00 ET windows, confirming buying interest at 0.0352–0.0356. However, turnover during the 04:00–06:00 ET period was relatively modest compared to volume, indicating possible accumulation. Divergence between volume and price was observed briefly between 07:15–08:00 ET, but it reversed quickly.

Fibonacci Retracements

On the 15-minute chart, price found support at the 61.8% level (0.03495–0.03526) during the 07:15–07:30 ET window before bouncing. On the daily chart, the 38.2% retracement level is at 0.03498, with 0.03464 (50%) and 0.03422 (61.8%) as key levels to watch for potential corrections.

Backtest Hypothesis

A potential backtesting strategy for TSTUSDT involves using a combination of RSI (14) and a 20-period EMA on the 15-minute chart. When RSI crosses above 50 and the price closes above the EMA, a long position is initiated. The trade exits when RSI crosses below 50 or the price drops below the 20-period EMA. This setup could be tested for profitability over the last 30 days, particularly on days with similar breakout patterns and volume profiles as seen on September 24. A stop-loss at the nearest support (0.0349) and a take-profit at 0.0356–0.0361 would manage risk while capturing momentum-driven moves.