Market Overview for Tether/Colombian Peso (USDTCOP) as of 2025-09-15

• Price fluctuated between 3831.0 and 3850.0 over 24 hours with a final 15-minute close at 3845.0
• Volatility expanded during early hours, followed by consolidation in the final 6 hours
• No clear bullish or bearish momentum seen in RSI, which remained mid-range
• Volume distribution was uneven, with highest activity between 00:00–03:00 ET
• No strong reversal or continuation candlestick patterns formed during the session

Tether/Colombian Peso (USDTCOP) opened at 3836.0 on 2025-09-14 at 12:00 ET, reached a high of 3850.0, touched a low of 3831.0, and closed at 3845.0 by 12:00 ET on 2025-09-15. The 24-hour volume totaled 68,494.0 units, and notional turnover stood at 265,760,266.0 (assuming COP as the base currency). The session featured moderate volatility and no clear directional bias.

Structure & Formations

The USDTCOP pair exhibited a range-bound structure over the 24-hour period, with key support around 3831.0–3833.0 and resistance near 3848.0–3850.0. Price repeatedly tested the 3850.0 level during early hours but failed to break through, suggesting a lack of conviction. A small bullish engulfing pattern formed near 3841.0 during the night, but it was not followed by confirmation. A doji appeared at 04:15 ET, suggesting indecision after a short-lived rally.

Moving Averages

On the 15-minute chart, the 20-period moving average moved slightly above the 50-period line late in the session, suggesting mild short-term bullish momentum. However, the 50-period average remained above the 20-period line earlier in the day, indicating some bearish pullback. On the daily chart, the 50-period moving average is above both the 100- and 200-period lines, suggesting a longer-term neutral to slightly bearish bias.

MACD & RSI

The MACD oscillator showed mixed signals, with a bullish crossover forming near 03:00 ET and a bearish one shortly after. The RSI remained in the 50–60 range for most of the session, indicating neither overbought nor oversold conditions. There were no extreme readings, and momentum shifted between buyers and sellers without a dominant trend.

Bollinger Bands

Bollinger Bands were relatively wide during the early hours, reflecting increased volatility, but narrowed as the session progressed. Price hovered just below the upper band during the first few hours and settled closer to the middle band in the final hours. The volatility contraction suggests a potential period of consolidation, though no breakout pattern emerged.

Volume & Turnover

Volume spiked sharply between 00:00 and 03:00 ET, reaching a peak of 6,893.0 units during the 03:15 ET candle. Notional turnover mirrored this, with the largest spikes occurring during the 03:15, 01:30, and 01:15 ET candles. However, price failed to follow through on these high-volume spikes, suggesting potential divergence between activity and direction. Volume declined in the final 6 hours, aligning with the range-bound nature of the move.

Fibonacci Retracements

Fibonacci retracement levels were drawn from the low of 3831.0 to the high of 3850.0. Price tested the 61.8% level (~3843.5) multiple times but failed to break through. The 38.2% (~3839.7) level acted as support during the evening, with price bouncing off it before drifting lower. The 50% level (~3840.5) showed some resistance in the morning and acted as support in the late afternoon, suggesting a key psychological level for the pair.

Backtest Hypothesis

A potential strategy could involve using a combination of RSI (14) and volume confirmation to identify key reversal points within the 3831.0–3850.0 range. For instance, a buy signal could be triggered when RSI dips below 30 and volume spikes, followed by a close above the 20-period moving average. Conversely, a sell signal could be triggered when RSI rises above 70 and volume increases, with a close below the 20-period line. These conditions were partially observed in the 01:15–01:30 ET and 04:15–04:30 ET candles, though the outcomes were mixed.