Market Overview for TRON/Tether (TRXUSDT) – October 31, 2025

• TRXUSDT opened at $0.2918, reached $0.2967, and closed at $0.2962 amid a volatile 24-hour session.
• Price action showed a key bullish reversal pattern forming near $0.2900 support, with a subsequent retest.
• Volume surged during the final 6 hours, indicating renewed buyer interest and price consolidation near recent highs.
• RSI hovered near neutral territory, suggesting a potential shift in momentum after a bearish early-morning phase.
• Bollinger Bands showed a slight expansion in late hours, pointing to increasing volatility and potential trend acceleration.

TRON/Tether (TRXUSDT) opened at $0.2918 at 12:00 ET − 1 and closed at $0.2962 by 12:00 ET on October 31, 2025. The pair reached a high of $0.2967 and a low of $0.2884 over the 24-hour period. Total volume was 359,387,245.46 and turnover reached approximately $104.69 million, signaling heightened liquidity and activity during a key consolidation phase.

Structure and pattern analysis revealed a key support level around $0.2900, where a bearish breakdown attempt failed, leading to a strong bullish rebound. A bullish engulfing pattern formed around 19:45–20:00 ET as price surged from $0.2889 to $0.2905, followed by a successful retest at 23:45 ET. This pattern suggests a potential short-term reversal. On the 15-minute chart, the 20-period and 50-period moving averages crossed over near $0.2917 and $0.2925 respectively, indicating a bullish divergence in short-term momentum.

The MACD crossed the signal line at $0.2924 and rose to $0.000045 by late afternoon, signaling a growing bullish momentum phase. RSI remained within the 40–60 range for most of the day, confirming a consolidation phase but drifting toward the 58–60 range in the final hours, hinting at a potential overbought condition. Bollinger Bands showed a moderate expansion in the last 6 hours, with price staying above the mid-band, suggesting increased volatility and a potential continuation of the bullish trend.

Fibonacci retracement levels applied to the key swing from $0.2884 to $0.2967 showed the 50% retracement at $0.2925 and the 61.8% at $0.2941, both of which were tested in the final hours. Price found support at $0.2941 before pushing higher, suggesting buyers are stepping in at these psychological levels. Volume confirmed the price action, with a sharp increase after 19:00 ET, especially around the $0.2900–$0.2920 range. Notional turnover spiked during the final 4 hours, aligning with the price surge and confirming a strong short-term bullish bias.

Backtest Hypothesis
The inability to retrieve pre-computed Bullish Engulfing indicator data for TRXUSDT complicates the backtesting of pattern-based strategies. However, the data reveals several instances where the pattern formed organically, particularly around the 19:45–20:00 ET candle, with a clear reversal and retest. A viable alternative is to generate the Bullish Engulfing pattern using the raw OHLC data, which we have here. By detecting these formations algorithmically from the candlestick data and feeding the corresponding dates into a backtest engine, we can simulate how a strategy based on this pattern would have performed historically. This approach is fully automated and would provide actionable insights into TRXUSDT’s behavioral tendencies around key bullish reversals.

Looking ahead, TRXUSDT appears poised to test the $0.2967 high from earlier in the day, with potential support at $0.2941 and $0.2925. A break above $0.2967 could open the path toward $0.2980, but traders should remain cautious of possible pullbacks if volume tapers in the coming 24 hours. Volatility remains elevated, and while momentum is bullish, a sudden divergence between price and volume could signal caution ahead.