Celestia/Tether (TIAUSDT) Market Overview – 2025-11-02

• TIAUSDT rose 4.6% over 24 hours, forming bullish structures after a late-night rebound.
• Volume surged by 135%, confirming the rally, with turnover peaking near the $0.975–$0.98 level.
• RSI climbed into overbought territory, while MACD remained bullish with positive divergence.
• Bollinger Bands expanded, indicating increased volatility and potential for a consolidation phase.
• Fibonacci retracement levels suggest key resistance near $0.994 and support near $0.955.

The Celestia/Tether (TIAUSDT) pair opened at $0.932 on 2025-11-01 at 12:00 ET, climbed to a high of $1.016, and closed at $0.988 on 2025-11-02 at 12:00 ET. Total volume over 24 hours was 6,969,256 TIA, and notional turnover reached approximately $6,414,261. Price action showed a strong rally from the overnight lows, supported by increasing volume and bullish candlestick patterns.

Structure & Formations

Price developed a strong bullish trend overnight, forming multiple Bullish Engulfing and Hammer patterns. A key support level was identified near $0.955 after the morning pullback, with resistance forming around $0.98–$0.99. A larger consolidation phase may occur near current levels, especially as RSI approaches overbought territory and candles begin to show wicks.

Moving Averages

On the 15-minute chart, price rose above both the 20 and 50-period moving averages, signaling a strong short-term trend. On the daily chart, the 50- and 100-period MAs crossed to the upside, reinforcing the bullish bias. The 200-period MA remains well below current levels, suggesting the uptrend is not yet mature.

MACD & RSI

The MACD crossed into positive territory and remains above the signal line, with a clear positive divergence as prices made higher highs while the indicator diverged slightly. RSI climbed above 70, entering overbought territory, indicating a potential pullback or consolidation phase. However, sustained volume suggests momentum could continue for a few more sessions.

Bollinger Bands

Bollinger Bands have expanded significantly as volatility increased overnight, with price staying close to the upper band during the rally. A narrowing of the bands may signal a period of consolidation, though current conditions point to continued bullish pressure. The lower band sits near the $0.955 level, acting as a psychological support.

Volume & Turnover

Volume surged by over 135% from the overnight lows, with a notable cluster of activity between $0.975 and $0.98. This suggests strong accumulation and confirms the recent price action. Turnover also increased sharply, aligning with the volume. However, volume began to taper slightly during the morning consolidation, hinting at potential exhaustion.

Fibonacci Retracements

Applying Fibonacci levels to the recent overnight move shows key resistance at 61.8% (~$0.994) and 78.6% (~$1.007), with the $1.016 high acting as a potential ceiling. Support levels include the 38.2% (~$0.979) and the 23.6% (~$0.969). A break below the $0.955 level would invalidate the immediate bullish case.

Backtest Hypothesis

To validate the potential of the observed bullish patterns, a backtest strategy could be applied using 15-minute Bullish Engulfing candles as entry triggers, with a target of holding exactly one 15-minute bar and exiting at close. Given the recent surge in volume and price confirmation, such a strategy may yield favorable results in the current environment. The proposed period (2023-11-01 to 2025-11-02) ensures sufficient data for meaningful insights, and aligns well with the technical indicators discussed above.