DeXe/Tether Market Overview (2025-10-07)

• Price surged 22% in 24h, capped by a bullish reversal at $12.134
• Strong volume confirmation across multiple breakout levels
• RSI and MACD aligned with bullish momentum, no overbought warning
• Volatility expanded with Bollinger Band breakout
• Fibonacci 61.8% level confirmed as strong support and pivot

DEXEUSDT opened at $11.771 on 2025-10-06 at 12:00 ET and closed at $13.161 on 2025-10-07 at 12:00 ET. The 24-hour high reached $13.31, and the low hit $11.663. Total volume was 147,471.60 and notional turnover was $1,930,711.72, reflecting heightened market activity.

Structure & Formations

The price action showed a strong bullish reversal pattern at $12.134, followed by a measured move to $13.31. A key support level appears at the 61.8% Fibonacci retracement of the $11.663–$13.31 range, currently at $12.22. Multiple bullish engulfing patterns were observed in the 15-minute chart around $12.827 and $13.027. A doji at $13.146 signaled possible consolidation or reversal.

Moving Averages

Short-term moving averages (20SMA and 50SMA) on the 15-minute chart confirmed the bullish trend, with both lines sloping upwards. The 50-period line crossed above the 20-period line at $12.83, reinforcing the buying momentum. On the daily chart, the 200SMA remains a strong support at $12.112, which has been tested and held, validating the trend continuation.

MACD & RSI

The MACD (12, 26, 9) showed a strong positive crossover around $12.92 and remained in bullish territory. RSI climbed to 67 at the 24-hour high and retreated to 59, indicating strong but not overextended momentum. The divergence between price and RSI has not yet formed, so overbought conditions are not yet a concern, though vigilance is warranted.

Bollinger Bands

Volatility expanded dramatically as the price moved from the lower band to the upper band during the surge from $12.134 to $13.31. The current price of $13.161 sits just below the upper band, suggesting high volatility and the possibility of a pullback. A contraction in the bands may signal the end of the current momentum phase.

Volume & Turnover

Volume surged to over 16,948.79 at the peak of the bullish breakout around $13.027 and then stabilized with strong buying volume in the $12.827–$13.161 range. Notional turnover spiked at the same level, confirming the validity of the breakout. Divergences between volume and price were not observed, supporting the continuation of the bullish trend.

Fibonacci Retracements

The 61.8% Fibonacci retracement level at $12.22 played a significant role as a pivot point for the trend reversal. The 38.2% level at $12.662 has acted as a temporary resistance and has now turned into a support. On the daily chart, the 50% retracement at $12.498 is a potential key area to watch for the next consolidation phase.

Backtest Hypothesis

A viable backtesting strategy for DEXEUSDT could focus on breakouts confirmed by both volume and Fibonacci levels. For example, entering long at $12.22 on a close above $12.23 with a stop-loss below the 38.2% retracement at $12.001 may have captured a significant portion of the upward move to $13.31. This approach would also align with the 20SMA crossover on the 15-minute chart, providing a multi-indicator confirmation of the trend. A trailing stop could be placed at key Bollinger Band levels to manage risk while riding the momentum.