CVCUSDT Market Overview – 2025-10-28

• Civic/Tether (CVCUSDT) declined 24-hour low of $0.0606, with price rebounding to $0.0623 at 12:00 ET.
• Notable volatility expansion occurred after 03:00 ET, with price consolidating near $0.0615–$0.0617 range.
• Volume spiked twice over 60,000 units after 15:00 ET and 19:30 ET, aligning with bearish and bullish price swings.
• RSI hit oversold levels near 30 twice, suggesting possible short-term bounce potential.
• Price remains below 20-period and 50-period moving averages on the 15-minute chart, indicating weak near-term momentum.

At 12:00 ET on 2025-10-28, Civic/Tether (CVCUSDT) opened at $0.0622, reached a high of $0.0633, a low of $0.0606, and closed at $0.0615. Total volume for the 24-hour period was 1,396,710 units, with a notional turnover of $84,327. Price action shows a bearish bias with multiple attempts to retest the $0.0615–$0.0617 support zone.

The 15-minute chart reveals a bearish breakdown from the $0.0630–$0.0633 resistance area, followed by a consolidation phase. Price found temporary support at $0.0615–$0.0617, where it appears to be testing for a potential bounce. A doji formed at 05:30 ET near $0.0619, suggesting indecision among traders. Meanwhile, a small bullish hammer at 15:15 ET near $0.0618 indicates a potential reversal signal. The 20-period and 50-period moving averages remain above current price levels, reinforcing the bearish bias.

MACD remains in negative territory with a bearish crossover, while RSI has oscillated between 30 and 45 over the past 24 hours. This suggests oversold conditions at times but lacks confirmation of a strong reversal. Bollinger Bands show moderate volatility, with price currently hovering near the middle band. The bands have not shown a significant contraction or expansion, indicating a period of consolidation rather than explosive movement. A retest of the $0.0615 support is likely, with a break below it potentially targeting the $0.0611–$0.0610 level.

Fibonacci retracements on the recent $0.0633–$0.0606 swing identify key levels at 38.2% ($0.0622) and 61.8% ($0.0614). Price appears to be approaching the 61.8% level, which could serve as a critical decision point. If it holds, a short-term bullish bounce may occur. However, if it fails, further bearish movement into the $0.0610–$0.0608 range becomes more probable. Volume spikes around $0.0615–$0.0617 and $0.0618–$0.0620 suggest increased attention at those levels, which may become key resistance or support areas.

The backtest strategy relies on the Hammer candlestick pattern as a potential reversal signal. While attempting to pull the Hammer-pattern signal data for CVCUSDT, the asset information could not be located in the current database. To proceed with the backtest, confirmation of the exact symbol or exchange is necessary (e.g., CVCUSDT.BINANCE, CVC/USDT.BINANCE, etc.). Alternatively, providing an alternative symbol or a custom list of Hammer pattern dates or OHLC data would allow the backtest to be completed. Once the accurate data is available, the backtest can be executed to validate the efficacy of the pattern as a buy signal in the context of this pair.