Market Overview for Tether/Colombian Peso (USDTCOP) on 2025-09-27

• Price consolidated between 3904–3914, with a bearish bias in late ET hours.
• RSI and MACD show neutral momentum, no overbought/oversold conditions.
• Volume declined after midday ET, with turnover aligning with price.
• Bollinger Bands show low volatility contraction in early morning.
• Key support at 3904 and resistance at 3914 identified from 15-min patterns.

24-Hour Market Summary

The Tether/Colombian Peso (USDTCOP) pair opened at 3910.0 at 12:00 ET–1 and closed at 3908.0 at 12:00 ET on 2025-09-27. The price reached a high of 3915.0 and a low of 3901.0 during the 24-hour period. Total traded volume amounted to 149,075 units, with a notional turnover (amount) of 64–96 units. The pair exhibited a moderate bearish drift in the second half of the session, with consolidation around the 3904–3914 range dominating the structure.

Structure & Formations

The 15-minute chart shows a series of consolidation patterns between 3904.0 and 3915.0, with a few bearish inside bars and a key bearish engulfing candle at 09:30–10:00 ET (3910–3908). Notable support levels include 3904.0, with 3901.0 providing secondary support. Resistance is clustered at 3910.0 and 3914.0, where several bearish reversals occurred. A bullish pinbar at 05:00–05:15 ET (3910–3911) briefly tested the upper boundary, but failed to break above it.

Moving Averages

On the 15-minute chart, the 20-period MA is slightly below the 50-period MA, indicating a short-term bearish bias. The pair has remained below both moving averages for most of the day, suggesting bearish momentum. On the daily chart, the 50-period MA is near 3906.0, aligning with the current price, while the 200-period MA remains slightly higher at ~3911.0, suggesting potential for further consolidation.

MACD & RSI

The MACD histogram shows a neutral to bearish trend, with no clear divergence detected. The RSI (14-period) has remained in the 50–65 range for most of the session, indicating moderate strength but no overbought conditions. A minor oversold pullback was observed between 00:00–02:00 ET, but it failed to trigger a strong reversal. Both indicators suggest the market remains in a low-momentum consolidation phase.

Bollinger Bands

Bollinger Bands have shown a tightening pattern during the overnight and early morning hours, suggesting decreasing volatility. By 08:00 ET, the bands began to widen slightly, coinciding with increased volume and price movement around the 3910–3914 range. Price spent most of the session near the lower band, indicating bearish pressure. The recent pullback to the mid-band suggests a potential bounce, but confirmation is pending.

Volume & Turnover

Volume peaked around 15:30–16:00 ET with heavy bearish selling pressure, aligning with a drop in price to 3904.0. The volume profile shows a general decline in activity after midday, with the lowest turnover in the overnight hours. Notional turnover (amount) appears to align with price direction, with no significant divergence. The final 15-minute candle at 12:00 ET showed a bearish close of 3908.0, but volume was moderate at 5263 units.

Fibonacci Retracements

Applying Fibonacci retracements to the 15-minute swing from 3915.0 (high) to 3901.0 (low), key retracement levels include 3912.0 (23.6%), 3909.0 (38.2%), and 3906.0 (50%). The pair tested the 38.2% and 50% levels before stabilizing near 3908.0. This suggests that 3906.0 could be a potential area of interest in the next 24 hours, especially if the trend continues.

Backtest Hypothesis

Given the recent structure and confirmed bearish reversal patterns (such as the engulfing candle at 09:30–10:00 ET and the tightening Bollinger Bands), a short-term bearish strategy could be backtested on the 15-minute timeframe. A potential setup would involve a short entry on a close below 3908.0, with a stop-loss above 3912.0 and a target at 3904.0. This aligns with the Fibonacci 61.8% level and a key support level identified from candlestick formations. A trailing stop could be applied after reaching the target to capture further bearish momentum if conditions remain favorable.