Sign/Tether Market Overview: Bullish Momentum and Key Resistance Break

• Price rose from $0.07468 to $0.07631 over 24 hours, reflecting a bullish bias with strong follow-through.
• Volume surged above 6.5 million with turnover exceeding $500,000, confirming price strength.
• Bullish engulfing and inside bars emerged near key resistance levels, suggesting buying pressure.
• MACD turned positive, RSI hovered near 60, indicating moderate momentum but not overbought territory.
• Bollinger Bands expanded, signaling increased volatility and potential trend continuation.

The Sign/Tether (SIGNUSDT) pair opened at $0.07468 on 2025-09-16 12:00 ET and closed at $0.07631 by 2025-09-17 12:00 ET. The 24-hour range spanned $0.07461–$0.07649, with total volume at 6.53 million and turnover at $503,183. A strong rally followed a period of consolidation, with notable breakouts and follow-through volume.

Structure & Formations

Price action displayed a classic bullish breakout structure as it broke above key resistance near $0.0760 and $0.0763, supported by several bullish candlestick patterns. A bullish engulfing candle appeared around 16:00 ET on 2025-09-16, confirming the breakout. Later in the session, inside bars and hanging man patterns at higher levels suggested short-term profit-taking. Notable resistance levels now include $0.0765, $0.0770, and $0.0775, with support at $0.0760 and $0.0755.

Moving Averages

Short-term indicators like the 20-period and 50-period moving averages on the 15-minute chart are both above the price and rising, supporting the bullish case. On the daily chart, the 50-period MA has crossed above the 200-period MA, a sign of trend continuation. This golden cross reinforces the likelihood of continued strength in the near term.

MACD & RSI

The MACD turned positive and remained above the signal line, with bars expanding during the key rally, signaling increasing bullish momentum. The RSI reached 61, suggesting moderate strength but not yet overbought. This reading implies there is room for further upward movement before a pullback becomes likely.

Bollinger Bands

Bollinger Bands have widened significantly, reflecting increased volatility. Price action has remained above the 20-period moving average and near the upper band, indicating strong bullish sentiment. A retest of the lower band could offer a buying opportunity, while a continued move toward the upper boundary could signal exhaustion.

Volume & Turnover

Volume spiked sharply during the breakout phase, with a high of $0.07649 accompanied by $616,064 in turnover. This is a strong confirmation of the bullish move. Notably, the notional turnover was concentrated in the 14:30–15:45 ET window, aligning with key breakout levels. There is no divergence between price and volume, suggesting the move is being supported by strong buying.

Fibonacci Retracements

Applying Fibonacci retracement levels to the key 15-minute swing from $0.07468 to $0.07649, the 38.2% and 61.8% retracement levels are at $0.07585 and $0.07625, respectively. These levels coincided with key consolidation phases and price reactions. The daily chart shows a larger swing from $0.07461 to $0.07649, with the 50% and 61.8% retracements at $0.07555 and $0.07626, both of which saw active trading and price tests.

Backtest Hypothesis

A viable backtest strategy could involve long entries at the close of the 15-minute bullish engulfing candle and short entries on pullbacks to Fibonacci retracement levels. The strategy would include a take-profit at 61.8% and 78.6%, with a stop-loss at the nearest support level or Bollinger Band lower boundary. Given the current MACD divergence and rising RSI, a trailing stop could be activated once price clears the upper Bollinger Band.