Tether/Colombian Peso Market Overview

• Tether/Colombian Peso (USDTCOP) rose 0.64% over 24 hours with a range of 3832.0–3869.0.
• Momentum strengthened near 3850.0 before consolidating in early trading hours.
• Volatility spiked in late session as price surged past key resistance at 3853.0.
• Volume increased 11.3% during the final 6 hours, indicating renewed buying pressure.
• RSI remains in neutral territory, suggesting potential for further upward movement.

Tether/Colombian Peso (USDTCOP) opened at 3832.0 on 2025-09-23 at 12:00 ET and reached a 24-hour high of 3869.0 before closing at 3867.0 at 12:00 ET on 2025-09-24. Total volume amounted to 336,509.0 with a notional turnover of approximately $133,948,646.

Structure & Formations

Price formed a bullish breakout pattern as it moved above key resistance at 3853.0 and extended higher to 3869.0. A 15-minute engulfing pattern emerged at 05:30–05:45 ET, confirming upward bias. A doji at 03:15 ET highlighted indecision during the night session, but buyers retook control in early morning trading. The 3869.0 high may now serve as a short-term ceiling for the next 24 hours, with 3853.0–3860.0 likely to offer re-entry support for buyers.

Moving Averages

The 15-minute chart shows price closing above its 20-period and 50-period moving averages, reinforcing a short-term bullish bias. On the daily chart, the 50-period MA is at 3848.0, while the 200-period MA sits at 3839.0, suggesting a broader uptrend is intact. Crossovers have not occurred recently, indicating trend-following signals remain neutral, but the MA cluster between 3845.0–3850.0 could become a key zone of interest.

MACD & RSI

MACD remained positive during the session, peaking at +3.8 as momentum accelerated near 3865.0. RSI climbed from 44 to 55 during the day, staying within normal bounds but hinting at potential follow-through. Both indicators suggest a continuation of the current trend may be likely unless price pulls back sharply. A drop below 3860.0 could see RSI entering oversold territory if buyers re-enter aggressively.

Bollinger Bands

Volatility expanded significantly after 20:00 ET as price moved above the upper Bollinger Band at 3852.0, reaching as high as 3869.0. This suggests a temporary shift in volatility and a breakout scenario. The middle Bollinger Band sits at 3858.0 and could offer support in case of a pullback. If the band contraction resumes, a range-bound pattern may return, but the current breakout suggests traders are positioning for further upside.

Volume & Turnover

Trading volume surged in the final 6 hours of the session, with over 130,000 units traded between 06:00–12:00 ET. This aligns with price’s move to a new high, confirming the strength of the rally. Notional turnover spiked from $3.2M at 04:00 ET to over $10M by 11:45 ET. The divergence between price and turnover before 06:00 ET suggests some short-term profit-taking, but the final 2 hours saw a strong confirmation of bullish sentiment.

Fibonacci Retracements

Fibonacci levels drawn from the 3832.0–3869.0 swing show 38.2% at 3856.0 and 61.8% at 3853.0, both of which were tested and exceeded. The 61.8% level at 3853.0 was a key resistance-turned-support during the night session. Price’s continued strength above this level suggests higher retracements at 3864.0 and 3868.0 could be the next psychological targets.

Backtest Hypothesis

A potential backtesting strategy could involve a breakout of the 3853.0–3856.0 Fibonacci range on strong volume, using the 15-minute MACD and RSI as confirmation indicators. Entries could be made on a close above the upper Bollinger Band with a stop-loss set just below the 3850.0 psychological level. Given recent volume spikes and confirmation from momentum indicators, a trailing stop could be deployed to lock in gains as price approaches 3868.0. This approach leverages the confluence of Fibonacci levels and volatility shifts.