Market Overview for A2ZUSDT on 2025-10-03

• Price action was choppy in early ET hours but surged in the afternoon, forming a bullish breakout pattern before fading.
• Momentum saw a mid-day spike, followed by divergence between rising volume and declining price in the late session.
• Volatility expanded during the 15:45–16:00 ET window, pushing price near a key 0.005746 resistance level.
• Turnover surged during the 13:45–14:00 ET window, signaling renewed interest amid a broad upswing.
• A bullish engulfing pattern formed near 0.005727–0.005771, suggesting possible continuation of the upward thrust.

A2ZUSDT opened at 0.005692 on 2025-10-02 at 12:00 ET, touched a high of 0.005844, a low of 0.005405, and closed at 0.005512 at 12:00 ET on 2025-10-03. Total volume was 86,209,741.00, and total turnover was $480,646.99 over the 24-hour period.

Structure & Formations

The price exhibited a mixed formation with notable resistance at 0.005746 and support at 0.005555. A bullish engulfing pattern emerged around 19:30 ET, which could signal a potential reversal from a downtrend. A doji appeared near 0.005735 during the 23:45 ET session, indicating indecision. The price then fell back toward the 0.005534 level, suggesting bearish pressure.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed near 0.005725 during the mid-session, hinting at a possible short-term bullish bias. On the daily chart, the 50-period and 200-period moving averages were aligned, suggesting the market may still be in consolidation rather than a clear trend.

MACD & RSI

The MACD line crossed above the signal line at 0.005745 in the early afternoon, indicating a bullish momentum shift. RSI reached a high of 61.8 before retracting, pointing to overbought conditions at 19:30 ET. However, RSI dropped below 50 by the close, suggesting weakening momentum and a potential pullback.

Bollinger Bands

Bollinger Bands showed a notable expansion during the 15:45–16:00 ET window as the price surged toward the upper band. The price remained above the midline for several hours, suggesting a temporary bullish bias. However, by the end of the session, the price settled closer to the lower band, hinting at volatility contraction and uncertainty in the near term.

Volume & Turnover

Volume spiked during the 04:45–05:00 ET and 13:45–14:00 ET periods, correlating with price surges. However, a divergence emerged in the final hours as volume decreased while price continued to fall. Turnover reached a high of $2.8 million at 05:00 ET, indicating strong short-term buying pressure that later dissipated.

Fibonacci Retracements

On the 15-minute chart, key Fibonacci levels were observed at 0.005761 (38.2%), 0.005746 (61.8%), and 0.005729 (78.6%). The price briefly touched the 61.8% level before declining. On the daily chart, the 61.8% retracement at 0.005545 served as a psychological floor in the final hours, reinforcing the bearish bias.

Backtest Hypothesis

Applying a strategy based on the bullish engulfing pattern observed near 19:30 ET and the subsequent MACD crossover could have yielded a favorable risk-reward ratio. Entering a long position at the close of the engulfing candle, with a stop-loss below the pattern's low at 0.005704, would have captured the mid-session rally. However, the subsequent pullback in the late session highlights the importance of trailing stops or profit-taking at key resistance levels. This approach aligns with the identified momentum and volume confirmation earlier in the day.