FIO Protocol/Tether Market Overview

Summary
• FIO/USDT climbed from 0.01072 to 0.01125, forming bullish reversals in the morning.
• Momentum picked up in the early hours, with RSI peaking at overbought levels.
• Volatility expanded as price broke above key resistance, pushing Bollinger Bands outward.
• Turnover reached $19.69 million, with volume surging above prior high-volume clusters.
• A potential pullback to 0.01105–0.01106 appears to be forming as of 12:00 ET.

FIO Protocol/Tether (FIOUSDT) opened at 0.01072 on 2025-11-12 at 12:00 ET and closed at 0.01105 by 12:00 ET on 2025-11-13. The pair reached a high of 0.01125 and a low of 0.01061, with a total volume of 18,025,158.0 and a turnover of $19,690,300. The 24-hour candle reflects a strong bullish bias, with a well-defined reversal pattern forming from midday onwards. Key resistance levels appear at 0.01112 and 0.01125, while support levels have held at 0.01105 and 0.01094.

The formation of a bullish reversal at the 0.01061–0.01103 swing lows marked a key turning point in the session. A bullish engulfing pattern developed at 2025-1112 191500, followed by a strong push higher through the 0.01094 and 0.01103 levels. The price then entered a consolidation phase from 04:30–05:45 ET, before resuming a bullish trend. A breakout above the 0.01116 upper Bollinger Band occurred during the session, signaling increased volatility and potential for a continuation.

Moving average analysis shows that the 20-period MA on the 15-minute chart crossed above the 50-period MA, indicating a short-term bullish trend. The 50-period MA on the daily chart is also crossing above the 200-period MA, which adds to the long-term bullish case. RSI hit an overbought level of 78.2 at 07:45 ET, suggesting potential for a near-term pullback. MACD showed a positive divergence, with the histogram expanding and crossing above zero, confirming bullish momentum.

Volume spiked to 2,246,540 at 14:45 ET and again at 15:00 ET, coinciding with the key breakout above 0.01113 and the continuation above 0.01121. Turnover spiked in parallel, confirming the strength of the move. Fibonacci retracement levels from the 0.01061 to 0.01125 swing suggest a potential pullback target at 0.01105 (38.2%) and 0.01103 (23.6%). These levels align with prior support, increasing the probability of a bounce.

Backtest Hypothesis
A backtest of the Bullish Engulfing pattern on daily candles could be constructed by identifying each occurrence and entering long positions at the next day’s open. Using the current back-testing engine, this would approximate a 24-hour holding period. While this does not reflect a precise 15-minute intraday strategy, it allows for a practical and meaningful evaluation of the pattern’s historical success rate and risk-reward profile. The 15-minute price change analysis can also be calculated independently to estimate short-term directional bias. This dual approach ensures a comprehensive understanding of the pattern’s potential utility in both short- and medium-term trading scenarios.