Contentos/Tether (COSUSDT) Market Overview

• Price surged from 0.002027 to 0.002082 before consolidating.
• Strong bullish momentum seen in the RSI and MACD.
• Volume spiked during key price moves.
• Bollinger Bands showed widening volatility.
• 61.8% Fibonacci retracement level appears to offer key support at 0.002052.

Contentos/Tether (COSUSDT) opened at 0.002107 on 2025-10-28 12:00 ET and traded between 0.002013 and 0.002128 before closing at 0.002069 on 2025-10-29 12:00 ET. Total volume for the 24-hour window was 81,356,844.0 and turnover was approximately $167,844. The price action reflected heightened volatility and potential market indecision.

The structure of the last 24 hours highlighted multiple key support and resistance levels. A notable 50-period moving average on the 15-min chart at ~0.00206 acted as a temporary floor during the afternoon hours, while the 200-period daily moving average (~0.002038) was broken in the early morning before stabilizing. A bullish engulfing pattern emerged near the close of 2025-10-29 morning, signaling a possible reversal. However, the formation did not hold strong into the afternoon, as price retested key Fib levels and pulled back toward 0.002052.

Momentum indicators showed mixed signals. The RSI climbed into overbought territory multiple times during the day, peaking above 60 at 2025-10-29 04:30 ET before retreating. The MACD line crossed above the signal line in the late afternoon, indicating a potential bullish bias, but lacked confirmation from price as it failed to break out past the 0.002082 resistance. Bollinger Bands reflected a period of contraction in the early morning before widening significantly, suggesting an increase in volatility.

Volume was concentrated during price breakouts and pullbacks, especially in the late afternoon when price surged toward 0.002082. Notable divergence between price and turnover appeared at 2025-10-29 13:30 ET, where the price hit a new high but turnover failed to expand. 38.2% and 61.8% Fibonacci retracement levels were both tested during the consolidation phase, with the 61.8% level at 0.002052 showing strong support. The 50-period moving average at 0.00206 remains a key technical reference.

The backtesting strategy provided centers on detecting swing lows and implementing an exit based on price dynamics following a specific candlestick pattern. The most relevant indicators in this context would be the 20-period and 50-period moving averages on the 15-min chart to identify potential entry points, alongside the RSI for confirming overbought or oversold conditions. The Fibonacci levels also help in defining stop-loss or take-profit levels during the holding period. By aligning these indicators with the swing low criteria, a structured entry and exit framework can be implemented.