Market Overview: Alien Worlds/Tether (TLMUSDT) – 24-Hour Crypto Price Action and Trends

• Price declined from 0.00465 to 0.00452 over 24 hours, with bearish momentum visible in late ET sessions.
• RSI approached oversold territory, suggesting potential short-term reversal, while volume remained elevated post-breakout.
• Bollinger Bands showed a period of contraction followed by expansion, indicating increased volatility in the evening.
• A key support level was tested at 0.00452 and held, with no decisive reversal pattern observed.
• Notional turnover surged to $18.2M in the first half of the session before tapering off toward early morning.

24-Hour Price Summary and Volatility

Alien Worlds/Tether (TLMUSDT) opened at 0.00455 on 2025-10-03 12:00 ET, reached a high of 0.00465, and closed at 0.00452 at 2025-10-04 12:00 ET. Total volume over 24 hours was 78,883,641.0 with a notional turnover of approximately $18.2M. The pair showed a bearish bias in the afternoon and early evening, followed by consolidation in the overnight session.

Structure & Formations

The price moved in a descending triangle pattern during the late ET hours, with a key support level at 0.00452 providing a psychological floor. A 15-minute bearish engulfing pattern was visible around 19:30 ET, followed by a series of indecisive doji patterns after 01:00 ET, indicating waning bearish momentum. No clear reversal signals have yet emerged, but the price has shown resilience around 0.00452.

Moving Averages and Momentum

On the 15-minute chart, the 20-period moving average crossed below the 50-period line, confirming a short-term bearish bias. On the daily chart, the 50-day MA remained above the 200-day MA, suggesting a longer-term bullish trend remains intact. The MACD showed bearish divergence in the late ET hours, with the histogram turning negative. RSI hovered near 30 in the final hours, indicating the price may be approaching a short-term bottom.

Bollinger Bands and Volatility

Bollinger Bands showed a contraction between 20:00 and 22:00 ET, followed by a sharp expansion in the late night session. This suggests a period of consolidation and increased volatility. The price spent most of the session within the lower half of the bands, indicating bearish dominance, but approached the lower band without breaking it, hinting at potential support.

Volume and Turnover

Volume spiked in the afternoon and early evening, reaching a peak of 14.4M at 16:15 ET, coinciding with a breakdown from 0.00465 to 0.0046. Turnover was highest during the same period, confirming the price move. However, volume declined significantly after 00:00 ET despite continued price movement, suggesting reduced conviction in the bearish trend.

Backtest Hypothesis

The backtest strategy involves entering a short position on TLMUSDT when the 15-minute RSI dips below 30 and the price breaks below the 20-period moving average, with a stop-loss placed above the previous swing high. This approach would have captured the late ET bearish move from 0.00465 to 0.00452. However, the lack of a confirming bullish candlestick and the price’s consolidation near the 0.00452 level may suggest the strategy needs additional criteria to avoid false signals from overextended short-term corrections.