Celestia/Tether Market Overview

Summary

• Price action shows a bullish breakout above key resistance with a strong close near 0.946.
• Momentum indicators suggest positive energy, with RSI near overbought territory.
• Volume and turnover surged in the last 6 hours, confirming bullish sentiment.

Market Overview

Celestia/Tether (TIAUSDT) opened at 0.792 on 2025-11-06 12:00 ET, hit a high of 0.950, and closed at 0.946 by 12:00 ET on 2025-11-07. The total volume over the 24-hour period was approximately 22.14 million TIA, with a notional turnover of roughly $19.95 million. The recent price action reflects a strong bullish trend driven by increased volume and a sustained move above key psychological levels.

Structure & Formations

Price action on the 15-minute chart shows a clear bullish breakout from a consolidation pattern. A large bullish engulfing pattern is visible around 0.833 as the price surged. Key resistance levels at 0.925 and 0.950 were tested and broken, with 0.946 emerging as a new short-term high. The formation suggests a continuation of bullish momentum, with support levels likely forming around the 0.876–0.891 range.

Moving Averages

On the 15-minute chart, the 20-period MA crossed above the 50-period MA around 0.830, signaling a bullish crossover. On the daily chart, the 50-period MA stands at approximately 0.82, while the 100-period and 200-period MAs are at 0.81 and 0.79 respectively. Price has decisively moved above the 50 and 100-day MAs, reinforcing the bullish bias.

MACD & RSI

MACD is in positive territory with a clear upward trend, suggesting strong momentum. RSI is currently at 68, near overbought territory, indicating the asset may be extending its gains. The divergence between RSI and price is not yet evident, so the trend could continue, though a pullback may be due soon.

Bollinger Bands

Volatility expanded as the price moved above the upper band, confirming the strength of the move. The band width widened after 0.925 was broken, reflecting increased market participation. Price remains near the upper band, suggesting continuation of the bullish trend, although a reversion toward the mean could occur.

Volume & Turnover

Volume surged significantly in the last 6 hours, peaking around 0.945, confirming the breakout. Turnover also spiked during this period, aligning with price action and suggesting strong accumulation. No divergence is observed between volume and price, implying the move is likely to continue.

Fibonacci Retracements

On the 15-minute chart, price broke above the 61.8% Fibonacci level at 0.925, with the 100% target at 0.950 being reached. On the daily chart, 0.950 appears as a 78.6% retracement level from a recent dip. The next likely support is at the 61.8% retracement level at 0.891. Traders may look for a pullback to that level before resuming the upward trend.

Backtest Hypothesis

A backtest of the “RSI Overbought 3-Day Hold” strategy applied to Celestia/Tether shows a total return of -1.95% from 2022-01-01 to 2025-11-07. With an average trade return of -0.39% and a Sharpe ratio of -1.22, the strategy underperformed expectations. This aligns with the observed overbought RSI in the current session, raising caution for similar entry signals. Investors may prefer to wait for a pullback before entering long positions, given the risk-reward profile seen in historical tests.