Market Overview for TUSDUSDT on 2025-09-24

• TUSDUSDT traded in a tight range with a high of 0.9987 and low of 0.9980 across 24 hours.
• Price closed near the lower end of the range at 0.9982, indicating bearish bias.
• Volume surged to 44,491 in the final hour, coinciding with a breakout above 0.9986.
• MACD and RSI remain neutral, with no clear overbought or oversold signals.
• Bollinger Bands show slight expansion, with price testing the upper band at 0.9990.

TrueUSD/Tether (TUSDUSDT) opened at 0.9983 on 2025-09-23 at 12:00 ET, reached a high of 0.9987, a low of 0.9980, and closed at 0.9982 at 12:00 ET on 2025-09-24. Total volume over 24 hours was 490,198, with a notional turnover of approximately 490,000 USD based on average prices. Price action remained range-bound for most of the day before showing a late surge.

Structure & Formations

Price action displayed multiple consolidation attempts in the 0.9980–0.9983 range over the last 24 hours. Notable support is observed at 0.9980–0.9981, where the asset found repeated buying interest. Resistance levels are forming around 0.9986–0.9987, marked by a large-volume bullish candle in the 14:45–15:00 ET timeframe. A few bearish engulfing patterns and indecisive dojis were noted in the early hours, suggesting uncertainty and a lack of directional bias.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed near 0.9982, forming a potential golden cross. However, no clear trend dominance has emerged. On the daily chart, the 50-period and 100-period averages are converging near 0.9984, while the 200-period MA remains neutral around the same level. The convergence suggests potential for a near-term breakout attempt.

MACD & RSI

MACD showed a gradual increase in bullish momentum throughout the day, with the histogram expanding in the afternoon. RSI remained in the 50–60 range, indicating a balanced market with no clear overbought or oversold conditions. However, the late rally pushed RSI above 60, signaling a potential overbought scenario and hinting at a short-term correction.

Bollinger Bands

Bollinger Bands exhibited a slight expansion from 0.9977 to 0.9990 during the afternoon, with price breaking the upper band briefly at 14:45 ET. The current price is hovering near the upper band again, suggesting heightened volatility and potential for consolidation or reversal. This could indicate a period of increased trader attention and activity.

Volume & Turnover

Volume spiked significantly in the final hour of the 24-hour period, reaching 44,491, accompanied by a large bullish candle pushing price above 0.9986. This suggests strong buying pressure at the top of the range. Notional turnover mirrored the volume spike, confirming the move higher. However, earlier in the day, volume was subdued, and price failed to make a decisive break either direction, suggesting a lack of conviction.

Fibonacci Retracements

Applying Fibonacci retracement levels to the recent swing low of 0.9980 and swing high of 0.9987, the 38.2% level at 0.9983 and 61.8% at 0.9984 align with observed consolidation and support levels. The 50% retracement at 0.99835 also coincided with the 50-period moving average, reinforcing its importance as a potential turning point.

Backtest Hypothesis

A potential backtest strategy for TUSDUSDT could involve using the 50-period moving average as a trigger line and entering long positions when price closes above it with high volume. A stop-loss could be placed below the 20-period MA or at the nearest support level. Given today’s behavior—where price closed above the 50-period MA with a significant volume spike—this strategy could have captured the late-day breakout. The RSI and MACD signals also supported the idea of a short-term bullish bias. This approach would benefit from a low-volatility base and strong confirmation candles at key levels.