Market Overview for Algorand/Tether (ALGOUSDT): 2025-10-05 24-Hour Summary

• Algo/USDT rose to 0.2298 before retracing to 0.2236, with key support at 0.2172–0.2186.
• Momentum surged during the early morning, followed by a decline in RSI and volume.
• Bollinger Bands expanded during the peak, signaling heightened volatility.
• Turnover spiked sharply around 03:00–04:00 ET, confirming a short-term breakout attempt.
• Fibonacci levels suggest potential retracement targets at 0.2235 (38.2%) and 0.2210 (61.8%).

Algorand/Tether (ALGOUSDT) opened at 0.2161 on 2025-10-04 12:00 ET, hit a high of 0.2298, a low of 0.2161, and closed at 0.2236 as of 2025-10-05 12:00 ET. Total volume over the 24-hour period was 27,154,489. Total turnover amounted to $6,160,385. The price exhibited a bullish breakout attempt and subsequent consolidation.

Structure & Formations

The 15-minute chart displayed a strong bullish surge between 03:00–04:00 ET, with a high of 0.2298. A bearish retracement followed, with key support levels emerging at 0.2172–0.2186 and resistance at 0.2235–0.2250. A notable bullish engulfing pattern appeared at 03:00 ET, followed by a bearish harami at 09:45 ET, signaling indecision.

Moving Averages

On the 15-minute chart, the price crossed above the 20-period and 50-period moving averages during the morning hours, confirming a short-term bullish momentum. However, by the afternoon, the 50-period MA began to flatten as the price retracted. On the daily chart, the 50-period and 200-period MAs remained in a bullish alignment, with the 50-period MA above the 200-period.

MACD & RSI

The MACD line surged into positive territory during the early morning breakout and peaked at around 03:00 ET, but it began to diverge from price action as the rally stalled. RSI reached an overbought level of 72 during the breakout, then declined sharply to 52–55 during the afternoon, suggesting a temporary loss of momentum.

Bollinger Bands

Bollinger Bands expanded during the morning breakout, with the price peaking near the upper band. A period of consolidation followed, with the price settling closer to the mid-band by late afternoon. This suggests that volatility has begun to normalize after a brief expansion.

Volume & Turnover

Volume and turnover surged during the early morning breakout, with the largest single candle at 03:00 ET showing 1,532,473 volume and $343,353 turnover. However, as the price retracted, volume declined significantly, suggesting the bearish move was not backed by strong selling pressure. A divergence between price and volume became apparent after 09:45 ET.

Fibonacci Retracements

Applying Fibonacci retracement levels to the 03:00–09:45 ET swing (0.2298–0.2236), key levels at 0.2235 (38.2%), 0.2210 (61.8%) and 0.2172 (78.6%) could offer potential support or resistance. The 0.2235 level has already been tested twice, and the price has bounced off it on both occasions.

Backtest Hypothesis

A potential backtest strategy involves using a combination of RSI overbought levels (RSI > 70) and Fibonacci retracement levels to identify potential sell entry points. For example, during the 03:00–04:00 ET surge, a sell signal could have been triggered at the RSI peak of 72, with a stop-loss placed just above the 0.2235 Fibonacci level. A take-profit could be set at the 61.8% level at 0.2210. This approach would aim to capture a mean-reverting move following an overbought condition, while also using Fibonacci levels to estimate risk and reward. The strategy would benefit from high-volume confirmation during the breakout to increase the probability of a successful trade.

Looking ahead, Algorand/Tether may consolidate in the $0.2225–$0.2250 range over the next 24 hours. Traders should monitor volume and RSI behavior to identify any signs of a resumption in bullish momentum. As always, price action could shift rapidly in either direction, and risk management remains essential.