Market Overview for Toko Token/Tether (TKOUSDT) – 2025-10-07

• Price surged from $0.1881 to $0.1905 over 24 hours, forming a bullish trend.
• RSI reached neutral to overbought levels, suggesting potential momentum.
• Volatility expanded with Bollinger Band widening, indicating increased activity.
• High volume clusters were observed during the 02:00–04:30 ET window.
• Price tested key Fibonacci levels, with 61.8% retracement showing resistance.

Toko Token/Tether (TKOUSDT) opened at $0.1881 on 2025-10-06 at 12:00 ET and closed at $0.1905 the next day at the same time. The pair reached a high of $0.1988 and a low of $0.1831. Total volume across the 24-hour period was 3,992,711.4, with notional turnover reaching $736,280.

Over the past 24 hours, the price of TKOUSDT demonstrated a strong bullish bias, particularly during the early morning hours in the ET timezone, where a sharp rally from $0.193 to $0.1988 was observed. Key support levels were identified around $0.1870–$0.1880, while resistance emerged at $0.1905–$0.1915. Notable candlestick patterns included a bullish engulfing at $0.1930 and a doji at $0.1978, suggesting indecision after a strong move.

The 20-period and 50-period moving averages on the 15-minute chart crossed above the price in a golden cross formation around 02:00 ET, reinforcing the bullish trend. The 50/100/200 daily MAs showed a moderate uptrend with the 200 MA acting as a strong base at $0.1850. RSI moved into overbought territory (above 60) during the 04:30–05:30 ET window, while the MACD showed positive divergence, indicating strengthening bullish momentum.

Bollinger Bands expanded significantly during the rally phase, with prices frequently sitting above the upper band, indicating heightened volatility. This was especially true during the 02:00–04:30 ET window. Volume spiked during this period as well, aligning with the price movement and confirming the strength of the rally. However, later in the day, price pulled back into the middle of the bands, suggesting consolidation.

Fibonacci retracement levels were key in identifying potential entry and exit points. A 61.8% retracement level at $0.1915 acted as a minor resistance, while the 38.2% level at $0.1890 provided support. The price found temporary support at both levels, indicating a possible continuation of the bullish trend if the $0.1915 level can be cleared.

The backtesting strategy leverages the golden cross of the 20- and 50-period moving averages on the 15-minute chart as a long entry signal, with a stop loss set below a recent swing low. A take-profit target is based on the 61.8% Fibonacci retracement level. RSI divergence and volume confirmation are used to refine entries and exits.