Market Overview for Tether/Colombian Peso (USDTCOP)

Summary
• Price opened at 3750.0 and closed at 3742.0, with a 24-hour high of 3762.0 and low of 3731.0.
• Momentum shifted from bearish to mixed, with RSI hitting overbought and later oversold zones.
• Volatility expanded in overnight trading, especially between 00:00 and 05:00 ET.
• Volume surged at key support and resistance levels, confirming bearish pressure.
• A potential bullish rebound may form near the 3740.0–3745.0 range after a short-term dip.

Tether/Colombian Peso (USDTCOP) opened at 3750.0 at 12:00 ET – 1, reached a high of 3762.0, a low of 3731.0, and closed at 3742.0 by 12:00 ET. Total 24-hour volume amounted to 336,072.0 units, with notional turnover averaging ~COP 1,290,854,847.0 (based on volume and price).

Structure & Formations

Price action revealed a bearish breakdown from the 3750.0–3755.0 resistance level after a temporary bounce from 00:00–01:45 ET. A morning doji formed at 01:15–01:45 ET, suggesting exhaustion from the prior bearish wave. Key support levels emerged at 3740.0 and 3738.0, where price found temporary stability before a rebound.

Moving Averages

On the 5-minute chart, the 20-period MA crossed below the 50-period MA in the early morning, signaling a bearish bias. However, the 50-period MA held firm above the closing price in the final hours, hinting at a potential short-term consolidation phase.

Momentum and Volatility

The RSI reached overbought levels early in the session before diving into oversold territory overnight. MACD crossed into negative territory by 00:15 ET but showed a flattening divergence by 06:00 ET, suggesting waning bearish pressure. Bollinger Bands widened significantly between 00:00–05:00 ET, reflecting heightened volatility and range-bound price behavior.

Volume and Turnover

Volume spiked between 00:00–05:00 ET, especially at key support levels (e.g., 3740.0, 3738.0), confirming bearish momentum. However, as price rebounded in the final hours, volume remained moderate, indicating limited conviction from buyers. Turnover and volume showed alignment during bearish moves but diverged slightly during rebounds.

Fibonacci Retracements

Key Fibonacci levels on the 5-minute chart identified 3740.0 (38.2%) and 3735.0 (61.8%) as potential areas of interest. The daily chart suggests 3740.0 as a critical support level, with a retest possible in the next 24 hours.

USDTCOP may find near-term direction depending on whether price can hold above 3740.0. A break of this level could signal a deeper correction toward 3730.0, though the bearish move appears to be losing steam. Investors should remain cautious about short-term volatility but watch for any bullish confirmation near 3745.0.