Alien Worlds/Tether Market Overview

• Price action for TLM/USDT trended lower from 0.00421 to 0.00419 over 24 hours, with bearish momentum evident in late-night volume.
• RSI remains below 50, signaling bearish momentum, while volume surged in the early morning before consolidating.
• A key support level formed at 0.00416–0.00419, with a possible test of 0.00413 in the near term.
• Bollinger Bands showed expansion during overnight volatility, followed by a contraction midday.
• A bullish reversal pattern emerged after the 0.00420 level was retested, with volume confirming the bounce.

24-Hour Price Summary

Alien Worlds/Tether (TLMUSDT) opened at 0.00421 on 2025-09-22 at 12:00 ET and closed at 0.00424 by the same time on 2025-09-23. The 24-hour period saw a high of 0.00427 and a low of 0.00413. Total volume reached 82,521,993.0, while notional turnover amounted to approximately $298,890 (0.00422 average). The price experienced a choppy but generally bearish trend, with a bearish bias from 03:00 to 07:00 ET and a brief bullish push during the overnight hours.

Structure & Formations

The 24-hour candlestick pattern for TLMUSDT indicates a key support zone forming between 0.00416 and 0.00419, which was tested multiple times but held through higher-volume sessions. A potential bullish reversal pattern formed around 0.00420 following a sharp drop to 0.00413, with volume confirming the bounce. A notable bearish engulfing pattern appeared in the 03:00–04:00 ET timeframe, confirming downward momentum. A doji formed at 0.00423 after 07:00 ET, signaling a potential consolidation phase.

Moving Averages and Bollinger Bands

On the 15-minute chart, the 20-period and 50-period moving averages (SMA) crossed below key support levels, reinforcing the bearish bias. Bollinger Bands showed expansion during overnight volatility, followed by a contraction in the morning, indicating a reduction in volatility. Price retested the lower band several times, but it remained above 0.00416 throughout the day, suggesting some short-term support.

Momentum and Overbought/Oversold Conditions

The RSI indicator remained below 50 for most of the day, indicating bearish momentum. It briefly dipped below 30 in the early morning, signaling oversold conditions, but did not trigger a strong rebound. The MACD line crossed below the signal line during the early hours of the morning, reinforcing the bearish trend. The histogram showed a gradual contraction in momentum after 07:00 ET, suggesting a potential slowdown in the downward move.

Volume and Turnover

Volume spiked during key price moves, particularly around 0.00421 and 0.00419, confirming the importance of these levels. Notional turnover followed the same trend, with higher turnover during bearish price movements. A divergence appeared in the early morning, where price continued to fall while volume declined, suggesting a potential pause in the bearish move.

Fibonacci Retracements

Fibonacci levels highlighted by recent swings showed 0.00419 as the 61.8% retracement level, which held through the day. The 0.00421 level acted as a 38.2% retracement, which was retested but not broken in the final hours. The 0.00426 level served as a key resistance in the overnight hours, with price bouncing back after a brief push. A potential test of 0.00413 is likely if bearish momentum continues.

Backtest Hypothesis

Given the bearish bias and key support levels identified, a backtesting strategy could involve shorting TLMUSDT upon a breakout below 0.00419, with a stop-loss placed above the 0.00421–0.00422 resistance cluster. A take-profit target could be placed near 0.00413, a level that saw previous bearish action. The RSI and MACD could serve as entry confirmation, with divergence in volume acting as a warning signal. The strategy would aim to capture short-term bearish momentum while managing risk through tight stop-loss and profit targets.