Market Overview for Tether/Colombian Peso (USDTCOP)

• Price surged to 3887 COP before retracting to a 24-hour low of 3841 COP amid erratic 15-minute swings.
• Volatility spiked during midday ET, with a 14.5% intraday range between 3841 and 3887.
• Turnover remained stable, but volume saw a late-session rebound as price approached the daily close.
• RSI hovered near the oversold threshold, indicating potential for short-term buying pressure.
• Bollinger Bands expanded during the midday rally, suggesting elevated uncertainty in the pair’s value.

Tether/Colombian Peso (USDTCOP) opened at 3859 COP on 2025-09-17 12:00 ET and closed at 3843 COP on 2025-09-18 12:00 ET, reaching a high of 3887 COP and a low of 3841 COP. Total volume over the 24-hour window was 203,428 units, while notional turnover totaled approximately $805,923 (assuming 1 USD = 1 USDT for conversion).

Structure & Formations

USDTCOP exhibited a volatile 24-hour price action with no clear directional bias. A sharp midday rally from 3863 COP to a peak of 3887 COP formed a bullish flag pattern, but it failed to hold above 3880 COP, suggesting bearish exhaustion. A long-legged doji emerged at 18:45 ET as price dropped from 3881 COP to 3868 COP, hinting at indecision. Key support levels appear near 3855 COP and 3843 COP, with resistance forming at 3870 COP and 3885 COP. The price has shown a tendency to retrace between 3843 and 3870 COP on a 15-minute chart, with 3855 COP acting as a short-term pivot.

Moving Averages, MACD & RSI

On the 15-minute chart, the 20-period and 50-period moving averages crossed multiple times, indicating choppy conditions. The MACD histogram showed a mix of bullish and bearish divergence, with a bearish crossover at 18:45 ET coinciding with a sharp sell-off. RSI remained in the 20–30 range for much of the session, signaling oversold conditions that may trigger a short-term bounce. The daily chart shows the 50-period MA at 3860 COP, 100-period MA at 3863 COP, and 200-period MA at 3865 COP—indicating a broadly neutral to slightly bearish bias.

Bollinger Bands & Fibonacci Retracements

Bollinger Bands expanded during the midday rally and contracted sharply during the late sell-off, showing a shift from high to low volatility. Price frequently tested the lower band (3843–3845 COP), reinforcing the area as a critical support level. Fibonacci retracements from the 3841–3887 swing suggest key levels at 3855 (38.2%), 3862 (50%), and 3868 (61.8%). These levels could act as potential turning points for near-term price action.

Volume & Turnover

Volume was uneven throughout the session, with a late-night ET rebound following a quiet midday. The highest 15-minute volume (28,003 units) occurred at 13:15 ET as price surged from 3842 to 3849 COP, coinciding with a breakout attempt. Turnover remained proportional to volume, with no major divergences observed. However, the drop in turnover during the late sell-off suggests lack of conviction among sellers.

Forward Outlook & Risk

USDTCOP appears to be consolidating near 3843 COP with potential to test 3855–3860 COP in the coming 24 hours. A break above 3870 COP could signal renewed bullish momentum, while a drop below 3840 COP would increase the risk of further downside. Investors should monitor volume behavior and RSI divergence for confirmation of trend shifts.

Backtest Hypothesis

A possible backtest strategy for USDTCOP could involve a mean reversion approach using the 20-period and 50-period moving averages on the 15-minute chart. A long entry could be triggered when price crosses above the 20-period MA and RSI rises above 30, with a stop-loss placed below the nearest Fibonacci support. A short entry could be initiated when price crosses below the 50-period MA and RSI drops below 70, with a stop-loss placed above the next Fibonacci resistance. This strategy would be best tested using intraday data to assess performance in high-volatility environments like today's session.