Tensor/Tether Market Overview for 2025-11-07

Summary
• TNSRUSDT surged above $0.0460, testing resistance with high volume in the final 12 hours.
• RSI entered overbought territory, while MACD signaled bullish momentum.
• Bollinger Bands expanded as price pushed higher, reflecting increased volatility.
• Volume spiked 85% in the last 24 hours, confirming the strength of the upmove.
• Key Fibonacci levels at 0.0465 and 0.0481 may attract near-term buyers and sellers.

Tensor/Tether (TNSRUSDT) opened at $0.0444 on 2025-11-06 at 12:00 ET and closed at $0.0468 the following day. The pair reached a high of $0.0499 and a low of $0.0440, with total volume of 6.9M and a notional turnover of $315.6K. Price has shown a clear upward bias, supported by increasing volume and strong momentum.

Structure & Formations

The daily session for TNSRUSDT saw a bullish continuation with multiple higher highs and closes. A key breakout above $0.0460 led to a series of bearish corrections but failed to retest the level. A bullish engulfing pattern formed at $0.0460, confirming strength at that level. Later, a strong rally in the late morning and afternoon pushed price toward $0.0485, with a final push reaching $0.0499. This suggests buyers are gaining control near the 0.0475–0.0490 zone, with resistance now at 0.0499 and support at 0.0465.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are rising in tandem, confirming upward momentum. The 50-period MA is now at 0.0468, aligning with the session close. On the daily chart, the 200-period MA is significantly lower, indicating a long-term bullish divergence.

MACD & RSI

The MACD histogram turned positive and expanded, reinforcing the bullish momentum. RSI rose to 69.2 by the close, signaling overbought conditions. While not extreme, it suggests traders may consider caution near key resistance levels, particularly if volume shows signs of tapering.

Bollinger Bands

Bollinger Bands widened as the price surged to the upper band during the afternoon and early evening. This expansion indicates rising volatility. Price closed near the upper band at $0.0468–$0.0499, suggesting a possible overextension. A pullback to the middle band may offer a more defined trading range in the near term.

Volume & Turnover

Volume spiked dramatically in the late afternoon and evening, with a 15-minute candle at 16:30 ET recording 958,988.9 volume, the largest of the session. Turnover also surged, with the largest candle reaching $46.4K. The volume and price action are in sync, confirming the legitimacy of the move higher. However, divergences in volume may signal caution if price struggles to hold above $0.0460 in the next session.

Fibonacci Retracements

Key Fibonacci levels on the daily chart align with recent resistance and support levels. The 0.0465 level is at the 38.2% retracement of the recent upleg, offering near-term support. The 61.8% retracement at 0.0481 is now a critical resistance. On the 15-minute chart, retracements from the 0.0460–0.0499 move suggest a potential pullback to 0.0475 before further upside.

Backtest Hypothesis

A potential backtest strategy could focus on the Bullish Engulfing pattern observed on the TNSRUSDT 15-minute chart. Given the pattern’s formation at key support and the strong volume confirmation, a test of its reliability in a 24-hour holding period could offer valuable insights. Using TNSRUSDT as the subject, a backtest from 2022-01-01 to present, comparing performance against a benchmark like SPY, could reveal its utility in a broader portfolio context. This analysis could then guide tactical entries for future opportunities.