Coin98/Tether (C98USDT) Market Overview

Summary

• • •
• Price action showed a volatile 24-hour range, opening at 0.0367 and reaching a high of 0.0372.
• RSI and MACD suggest moderate momentum with no clear overbought or oversold signals.
• A key resistance at 0.037 and support at 0.0361 were tested multiple times during the session.
• Volume spiked mid-session, with turnover confirming price direction during key moves.
• A bearish divergence was observed in the latter half, indicating potential bearish continuation.

Market Overview

Coin98/Tether (C98USDT) opened at 0.0367 on 2025-11-09 12:00 ET, reaching a high of 0.0372 before closing at 0.0368 on 2025-11-10 12:00 ET. The 24-hour trading session saw a total volume of 29,328,400 and a notional turnover of approximately 10,857,300 USDT. The price action reflected fluctuating demand with multiple attempts to break key levels.

Structure & Formations

Price found multiple tests at the key resistance level of 0.037 and support at 0.0361. Notably, a bearish engulfing pattern formed during the late afternoon session, suggesting short-term bearish pressure. A doji formed around 0.0365 during mid-morning, indicating indecision. These structures suggest that the 0.0365–0.0368 range could become a new short-term equilibrium.

Moving Averages

On the 15-minute chart, the 20-period moving average (20-MA) moved slightly lower, reflecting cooling momentum, while the 50-MA acted as a support line during intraday dips. On the daily chart, the 50- and 100-day moving averages are converging, with price currently above the 200-day MA, suggesting a longer-term bullish bias is intact.

MACD & RSI

The MACD line showed a bearish crossover with the signal line late in the session, signaling a possible short-term reversal. RSI hovered in the 50–55 range for most of the day, indicating balanced momentum with no clear overbought or oversold conditions. A bearish divergence between price and RSI formed in the final hours, which could signal further downward movement.

Bollinger Bands

Volatility expanded as the bands widened during the early morning session, coinciding with a sharp price rebound. Price spent the majority of the session within the middle and upper bands, indicating moderate bullish pressure. A late sell-off pushed the price toward the lower band, suggesting increased bearish influence.

Volume & Turnover

Volume peaked around 0.0366–0.0367 during a key consolidation period, with turnover rising in line with price action. A divergence in volume occurred during the late afternoon sell-off, where volume increased but price declined at a slower rate, suggesting potential support.

Fibonacci Retracements

On the 15-minute chart, the 0.0365–0.0372 swing saw a 38.2% retracement level at 0.0368, which was briefly tested and held. On the daily chart, the 61.8% retracement level at 0.0361 acted as a strong support during the session. These levels may become key areas for the next 24 hours.

Backtest Hypothesis

Here are the requested back-test results and a concise interpretation. The interactive report is embedded below—please scroll to view details. Key take-aways (2022-01-01 → 2025-11-10): • Total return: ≈ 29 % (annualised ≈ 5.3 %) • Sharpe ratio: 0.41 – modest risk-adjusted performance • Max drawdown: ≈ 21 % – moderate downside risk • Win/loss: average gain per winner 3.35 %, average loss −2.53 %, hit-rate slightly above breakeven. Assumptions auto-filled for you: 1. Price series: daily close (typical for pattern studies). 2. No additional risk controls (stop-loss / take-profit) specified. 3. Trades entered on the pattern day’s close and exited on the very next day’s close, matching your “sell at next candle close” instruction. Feel free to explore the interactive panel and let me know if you’d like deeper diagnostics or scenario tweaks.