Sign/Tether (SIGNUSDT) Market Overview: 2025-09-25

• SIGNUSDT dropped 2.2% over 24 hours, forming a bearish engulfing pattern near key resistance at 0.1024.
• Volatility expanded sharply after 19:30 ET, with volume surging to 12.8M, but price action failed to confirm strength.
• RSI entered oversold territory below 30, while MACD showed bearish divergence, hinting at potential short-term reversal.
• A 61.8% Fibonacci level at 0.0940 and 38.2% at 0.0982 defined a key consolidation range for the past 12 hours.
• Bollinger Bands widened as the price traded near the lower band, indicating heightened bear pressure and possible consolidation.

24-Hour Performance and Volume

Sign/Tether (SIGNUSDT) opened at 0.10264 at 12:00 ET–1 and closed at 0.08405 at 12:00 ET, with a high of 0.10333 and a low of 0.09206. The total traded volume reached approximately 104.9M over the 24-hour window, while turnover came in at ~$8.8M. Price action was sharply bearish, with a 19.0% drop from the session’s peak.

Structure & Formations

The price formed a bearish engulfing pattern near 0.1024, confirming a breakdown of the key resistance level. A large bearish candle at 19:30 ET–1 (23:30 UTC) marked the start of a steep decline. A doji at 0.09206 (03:30 ET) suggested a possible short-term bottom. Support levels at 0.0940, 0.0901, and 0.0860 were tested and broken with increasing conviction.

Volatility and Bollinger Bands

Bollinger Bands showed a marked expansion after the breakdown of 0.1024, with the price trading near the lower band from 04:00–06:00 ET. This indicated heightened bearish volatility and potential consolidation.

Moving Averages

On the 15-minute chart, the 20 and 50 SMA crossed bearishly, confirming the downward bias. Daily MAs showed the price below the 200 SMA, suggesting further bearish pressure is likely.

MACD and RSI

MACD turned negative with a bearish divergence, suggesting momentum is waning despite the sharp drop. RSI dipped into oversold territory below 30, signaling potential for a short-term bounce, but bearish divergence suggests caution.

Fibonacci Retracements

A 61.8% Fibonacci level at 0.0940 and 38.2% at 0.0982 defined a key consolidation range for the past 12 hours. Price action broke below both levels decisively, suggesting the next target may be 0.0860, with 0.0820 as a potential final test point.

Volume and Turnover

Volume spiked sharply from 19:30–22:00 ET, but the subsequent price move failed to confirm strength, suggesting possible profit-taking or weak demand at lower levels. Turnover declined significantly after 04:00 ET, indicating reduced participation.

Forward-Looking View and Risk Caveat

While the oversold RSI suggests a possible short-term bounce, bearish momentum remains strong, and a retest of 0.0820 is likely. Investors should monitor key support levels and look for bullish confirmation before considering long positions.

Backtest Hypothesis

A potential backtesting strategy could involve entering a short position on a breakdown of the 0.0940 level with a stop above the 0.0982 Fib level. A 1:1 risk-reward ratio with a target at 0.0860 could be tested using daily and 15-minute data. This approach would align with the bearish engulfing pattern and MACD divergence, offering a structured way to trade the current breakdown.