Cardano/Tether Market Overview

• ADAUSDT opened at $0.574, reached a high of $0.6031, and closed at $0.5812.
• Momentum showed mixed signals with RSI oscillating between overbought and neutral levels.
• Volatility expanded midday, with volume spiking over 5 million ADA on the daily chart.
• A bullish engulfing pattern emerged late morning, but bearish divergence surfaced in the afternoon.
• Total 24-hour volume was ~61.9 million ADA, with a turnover of ~$34.1 million.

The ADAUSDT pair opened at $0.574 on the 15-minute chart at 12:00 ET − 1 and closed at $0.5812 at 12:00 ET on 2025-11-10. The price reached a high of $0.6031 and a low of $0.5711 during the 24-hour window. Total traded volume across all intervals was approximately 61.9 million ADA, with a notional turnover of roughly $34.1 million.

Structurally, the pair tested multiple levels of support and resistance throughout the day. A notable support level was found near $0.5750, where price bounced multiple times in the late afternoon and early evening. On the resistance side, $0.5900 and $0.5972 showed strength, with several candlesticks failing to close above these levels. A bullish engulfing pattern emerged at 09:30 ET, signaling a potential reversal from a prior downtrend. However, this was met with bearish divergence in the late afternoon, indicating caution ahead.

The 15-minute 20/50 EMA crossover remained bearish for most of the session, though the 50 EMA began to flatten as price approached its daily high. On the daily chart, the 50 EMA is below the 200 EMA, suggesting a longer-term bearish bias. The RSI moved into overbought territory during the morning rally, peaking near 70, but returned to neutral by late afternoon. MACD showed mixed signals, with a bullish crossover occurring just after 09:00 ET, followed by a bearish crossover around 17:00 ET. These conflicting signals suggest indecision in the market.

Bollinger Bands displayed a moderate expansion in the early hours, narrowing again in the late afternoon. Price remained within the upper and lower bands for most of the session, with the exception of a brief break above the upper band during the morning surge. The 38.2% and 61.8% Fibonacci retracement levels aligned with the key resistance zones at $0.5900 and $0.5972, respectively. A break above $0.5972 could invite further momentum, but a close below $0.5750 would likely trigger a retest of the 15-minute support level at $0.5710.

Backtest Hypothesis

A potential backtesting strategy to evaluate is the MACD Golden Cross signal for ADAUSDT. Historically, a Golden Cross (when the MACD line crosses above the signal line) has often acted as a bullish trigger in trending environments. However, in this session, the MACD showed conflicting signals, with a Golden Cross in the morning and a bearish crossover in the afternoon. A successful backtest would need to filter for confirmed crossoces, apply stop-loss rules, and assess performance over a holding period. For the period 2022-01-01 to 2025-11-10, this strategy could identify high-probability entry points and optimize risk-reward ratios. However, due to data access constraints, the full implementation is pending confirmation of the correct ticker symbol or provision of a compatible OHLC dataset.