Cardano/Tether Market Overview (ADAUSDT): 24-Hour Analysis (2025-09-18)

• Price surged 5.2% on 15-minute chart, closing at 0.9272 after forming a bullish engulfing pattern.
• RSI rose to 62, signaling moderate bullish momentum with no overbought levels yet.
• Volatility increased as price moved outside upper Bollinger Band for over 3 hours.
• Daily volume spiked 8.6x from early morning to midday, with 2.1B ADA traded.
• Key support appears at 0.912–0.914; resistance is likely 0.930–0.933.

Market Overview

Cardano/Tether (ADAUSDT) opened at 0.868 on 2025-09-17 at 12:00 ET, surged to 0.9278, and closed at 0.9272 on 2025-09-18 at 12:00 ET. Total 24-hour volume reached 109,506,470 ADA, with a notional turnover of $102,598,560, based on cumulative trade data.

Structure & Formations

A bullish engulfing pattern emerged between 2025-09-18 04:30–04:45 ET, confirming a strong short-term reversal. Price tested key support at 0.912–0.914 multiple times before breaking to the upside. The 15-minute chart shows a 12-hour consolidation range between 0.868 and 0.910, followed by a sharp breakout.

Moving Averages

On the 15-minute chart, the 20-period SMA crossed above the 50-period SMA, indicating a short-term bullish bias. On the daily chart, price remains above the 50-day SMA (0.915), but has yet to cross above the 200-day SMA (0.907), suggesting mixed-term potential.

MACD & RSI

The 15-minute MACD histogram turned positive in the last 4 hours, with the line crossing above the signal line for the first time in 24 hours. RSI is currently at 62, indicating moderate bullish momentum with room for further gains before reaching overbought territory.

Bollinger Bands & Volatility

Price surged above the upper Bollinger Band for a period between 03:30–04:45 ET, signaling increased volatility and strong buying pressure. The 20-period Bollinger Band width expanded from 0.0015 to 0.0023, indicating a potential reversal or consolidation phase ahead.

Volume & Turnover

Volume spiked to 6,168,178 ADA during the 13:00–13:15 ET session, coinciding with a close above key resistance. However, the final hour showed a slight drop in volume, suggesting short-term profit-taking. Turnover confirmed the price action, with no notable divergences observed.

Fibonacci Retracements

The 61.8% Fibonacci retracement level of the recent 0.868–0.9278 swing sits at 0.9158. Price tested and held above this level in the last 4 hours, indicating strong support. The 38.2% level at 0.9135 was also a minor support zone earlier in the day.

Backtest Hypothesis

A potential backtesting strategy could involve entering long positions when the 15-minute 20/50 SMA crosses above and price closes above the 61.8% Fibonacci retracement level, with a stop-loss just below 0.912–0.914. A target of 0.930–0.933 aligns with the next resistance zone. This setup leverages both trend and momentum indicators, and if applied consistently over multiple cycles, could offer a positive risk-reward ratio.

Outlook & Risk

Looking ahead, ADA/USDT appears to have strong momentum above key support and Fibonacci levels, with a probable test of 0.930–0.933 expected in the next 24 hours. However, a breakdown below 0.912 could trigger a pullback to 0.907–0.908. Investors should monitor volume and RSI for signs of overbought conditions or divergence.