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• AMPUSDT closed lower at $0.002440, down from $0.002491, with a 24-hour high of $0.002573 and low of $0.002387.
• Volatility surged mid-day, with a large bullish candle forming around 03:00 ET and a sharp pullback afterward.
• Volume spiked during the $0.002500–$0.002573 rally, confirming strength before a bearish reversal.
• RSI entered overbought territory twice, but failed to follow through, suggesting potential bearish exhaustion.
• Bollinger Bands showed a wide range, indicating ongoing uncertainty and potential for a consolidation phase.
Amp/Tether (AMPUSDT) opened at $0.002491 on 2025-10-11 12:00 ET and closed at $0.002440 by 2025-10-12 12:00 ET. The pair reached a high of $0.002573 and a low of $0.002387 during the 24-hour period. Total traded volume was 441,132,952.0 units, with notional turnover amounting to approximately $1,100,000 (based on average rate of $0.002494).
The price action was marked by a late-night rally driven by heavy buying pressure, forming a bullish engulfing candle around 03:00 ET, followed by a sharp reversal. On the technical front, the 20-period and 50-period moving averages on the 15-minute chart intersected mid-day, indicating a period of indecision.
A key support level appears at $0.002437–$0.002440, where price has tested multiple times and bounced off. Resistance is visible at $0.002468–$0.002473, where several attempts to break through failed. A notable bearish engulfing pattern occurred at $0.002483–$0.002454 around 04:45 ET, signaling a potential shift in momentum. Doji formed during the early morning hours, indicating indecision among traders ahead of a breakout.
On the 15-minute chart, the 20-period and 50-period moving averages crossed twice during the session, indicating a shift in sentiment. Around 03:00 ET, the 20-period MA crossed above the 50-period MA, confirming a short-term bullish bias. However, this signal was quickly reversed as bearish momentum regained control.
On the daily chart, the 50-period and 200-period MAs are closely aligned, suggesting a sideways trend with no clear bias in the longer term. Price remains above the 100-period MA, indicating moderate bullish bias.
MACD showed a bullish divergence around 03:00 ET, with a strong positive histogram coinciding with the bullish candle. However, the signal reversed as bearish momentum took over. RSI hit overbought levels at 72 twice during the session, but failed to maintain above 60, suggesting bearish exhaustion.
Bollinger Bands were at their widest point during the late-night rally, reaching a standard deviation of nearly 1.5. Price traded above the upper band during the breakout, indicating high volatility and potential for a consolidation phase. By the early morning, the bands began to contract, suggesting a potential turning point.
The most significant volume spike occurred during the 03:00–03:30 ET window, coinciding with the bullish breakout to $0.002573. Turnover also peaked at this time, confirming the strength of the move. However, volume declined significantly after 04:45 ET as bearish momentum took over. A divergence between rising price and declining volume during the morning hours hinted at weakening buyer interest.
Applying Fibonacci retracement levels to the recent swing from $0.002387 to $0.002573, the 61.8% level sits at $0.002452. Price is currently consolidating near this level, suggesting a potential support area. The 38.2% level at $0.002477 also saw some resistance during the morning, indicating a possible bounce point.
A possible backtesting strategy involves a combination of MACD crossover and Fibonacci retracement levels. Specifically, a long entry could be triggered when the 20-period MA crosses above the 50-period MA on the 15-minute chart and price is above the 61.8% retracement level. A stop-loss could be placed just below the most recent swing low, and a take-profit target could be set at the 78.6% retracement level or the upper Bollinger Band, depending on volatility. Given the recent consolidation near $0.002440, a breakout above $0.002468 could validate this setup, offering a risk-reward ratio of approximately 1:1.5.
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