Contentos/Tether (COSUSDT) Market Overview

Summary
• Price surged to $0.001926 before retreating to close near $0.001848.
• Volume spiked during the rally but dropped off in the final 12 hours.
• RSI and MACD signaled mixed momentum, with divergence in the later session.

Market Overview

Contentos/Tether (COSUSDT) opened at $0.001811 on 2025-11-07 12:00 ET and reached a high of $0.001937 before closing at $0.001848 at 2025-11-08 12:00 ET. The pair traded between $0.001804 and $0.001937 over 24 hours, with a total volume of 151,550,205.9999999 USDT and a notional turnover of approximately $274,808. Overbought conditions were observed in the morning, followed by a consolidation phase with a bearish reversal pattern forming after 20:00 ET.

Structure & Formations

Price action displayed a strong bullish impulse from 17:00 to 21:00 ET, reaching a high of $0.001937. A bearish engulfing pattern formed after the peak, signaling a potential trend reversal. Key support levels appear at $0.001890 and $0.001865, while resistance is likely to test at $0.001895 and $0.001915 in the next 24 hours.

Moving Averages

On the 15-minute chart, the 20-period MA rose sharply with the price, reaching $0.001901, while the 50-period MA lagged behind at $0.001883, suggesting short-term overbought conditions. On the daily chart, the 50-period MA is at $0.001872, below the 100-period MA at $0.001889 and the 200-period MA at $0.001895, hinting at a possible bearish bias in the longer term.

MACD & RSI

The MACD line turned negative after 20:00 ET, confirming a bearish shift in momentum, while the signal line crossed below it, reinforcing the sell-side bias. RSI reached 75 at the peak before declining below 50 by the close, signaling a return to neutral territory. Divergence between RSI and price in the final 3 hours suggests a potential bounce from the $0.001848 level.

Bollinger Bands

Price traded near the upper band during the rally, expanding the bands as volatility increased. By the close, it had retracted to the middle band, suggesting a period of consolidation. A contraction in the bands is unlikely unless a new range forms below $0.001870.

Volume & Turnover

Volume surged during the morning rally, peaking at 10,245,947 USDT at 21:15 ET. However, volume declined significantly in the final 6 hours, indicating weakening conviction in the bearish move. Turnover mirrored volume closely, with no significant price-volume divergence observed.

Fibonacci Retracements

A 38.2% retracement of the $0.001804–$0.001937 move is at $0.001866, where price tested before breaking down. The 61.8% level at $0.001842 could offer support, and a break below that could target $0.001820 as the next level.

Backtest Hypothesis

A MACD-based backtest could leverage the divergence observed on 2025-11-08, particularly in the final 3 hours, where RSI and price moved in opposite directions. This divergence may serve as a sell signal if confirmed by a break below key support levels and a close below the 20-period MA. While the current data allows for a detailed MACD calculation and divergence detection, it appears the symbol “COSUSDT” is not currently recognized by the backtest engine. To proceed, we can either verify the symbol or provide the required OHLCV data in CSV/JSON format for further analysis.