Market Overview for Tether/Mexican Peso (USDTMXN) – 24-Hour Analysis

• Price consolidated around 18.43–18.44 MXN.
• Volume picked up after 18:00 ET.
• RSI and MACD showed stable, low-momentum behavior.
• Volatility remained low within Bollinger Bands.
• No major Fibonacci retracements triggered.

Tether/Mexican Peso (USDTMXN) traded between 18.42 and 18.44 MXN over the last 24 hours, opening at 18.44 MXN on 2025-11-10 12:00 ET and closing at the same level on 2025-11-11 12:00 ET. Total volume was 547,536.0 and total turnover reached approximately 9,983,876.8 MXN.

Structure & Formations

The 24-hour candlestick pattern displayed consolidation around the 18.43–18.44 MXN range, with limited price excursions. No clear reversal patterns like dojis or engulfing candles emerged, suggesting sideways momentum. Key support was observed at 18.42 MXN, while resistance held at 18.44 MXN.

Moving Averages

The 15-minute chart showed price hovering near the 20-period and 50-period moving averages, both of which clustered around 18.43–18.44 MXN. On the daily timeframe, the 50-period and 200-period moving averages were closely aligned, indicating a neutral to slightly bullish bias.

MACD & RSI

The MACD remained in neutral territory with a slow-moving histogram, while the RSI stayed in the 45–50 range, suggesting equilibrium between buying and selling pressure. No overbought or oversold conditions were observed, and momentum appears to be flat.

Bollinger Bands

Volatility remained low, with prices consistently trading near the middle band of the Bollinger Bands. No significant contractions or expansions were seen, and the price has shown no inclination to break out beyond the bands.

Volume & Turnover

Volume increased significantly after 18:00 ET, peaking with a 66,953.0 volume candle. Notional turnover also rose, though price remained range-bound. No material divergence between volume and price action was detected.

Fibonacci Retracements

Fibonacci levels drawn from the key 18.42–18.44 MXN swing showed price consolidating near the 38.2% retracement level. No clear breakouts above 18.44 or below 18.42 MXN have occurred, suggesting continued range-trading dynamics.

Backtest Hypothesis

A potential strategy could involve entering long positions near the 18.42 MXN support and exiting near 18.44 MXN resistance with a stop-loss below 18.41 MXN. Given the low volatility and flat momentum indicators, this approach may work best during periods of consolidation but could face challenges during sudden volatility spikes.