Market Overview for Amp/Tether (AMPUSDT) as of 2025-10-08 12:00 ET

• AMPUSDT drifted lower overnight, closing near session lows with bearish momentum intact.
• Price action formed a bearish engulfing pattern at intraday highs, reinforcing the downward bias.
• Volume surged during the early session selloff, but turnover failed to confirm strength in the move.
• Bollinger Bands widened in the early hours, reflecting heightened volatility before consolidation.
• RSI remained below 50 for most of the session, signaling a lack of bullish conviction.

AMPUSDT opened the 24-hour period at $0.003077 on 2025-10-07 12:00 ET and closed at $0.00302 on 2025-10-08 12:00 ET, with a high of $0.003082 and a low of $0.003002. The total volume traded was 248,779,195.0 and the notional turnover amounted to $753.74. The price drifted lower for most of the session with bearish control evident in both price action and volume dynamics.

1. Structure & Formations

The price action on the 15-minute chart featured a bearish engulfing pattern during the early hours, formed around the session high at $0.00308. This pattern occurred as a bullish candle was followed by a larger bearish one that completely consumed it. Additionally, a doji formed in the late hours near $0.00302, indicating indecision and potential consolidation. The key support levels observed include $0.00303 (61.8% Fibonacci from the prior swing high) and $0.003016 (a confluence with Bollinger Band lower edge). Resistance remains near $0.00304–$0.00305, where prior intraday rejections occurred.

2. Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages both sloped downward, suggesting continued bearish momentum in the short term. The 20SMA crossed below the 50SMA in the early morning, reinforcing the bearish bias. On the daily chart, the 50-period MA was above the 100-period MA, but the 200-period MA remained the dominant bearish reference. Price remained below all major moving averages for the duration of the session.

3. MACD & RSI

The MACD line showed a bearish crossover below the signal line early in the session, with the histogram shrinking as momentum slowed. The RSI trended downward, spending most of the day below 50 and touching 40 in the late hours. This suggests that bearish momentum has run its course to some extent, but oversold conditions have not yet been reached. A reversal above 50 could signal a short-term rebound.

4. Bollinger Bands

Bollinger Bands expanded in the early morning hours following the sharp selloff, indicating increased volatility. Price remained near the lower band for most of the session, especially after the 3:00 AM ET time frame. This suggests a bearish bias with potential for a retest of the lower band. A break above the upper band could indicate a reversal, although this is unlikely without a clear bullish catalyst.

5. Volume & Turnover

Volume was highest during the overnight selloff, with the 4:00 AM–5:00 AM ET timeframe seeing above-average participation. However, the notional turnover failed to confirm the strength of the move, suggesting that the selloff may have been driven by large orders rather than broad market consensus. The final hour of the session saw modest volume with limited price movement, hinting at exhaustion.

6. Fibonacci Retracements

Applying Fibonacci retracements to the recent swing from $0.003082 to $0.003002, the 38.2% level is at $0.003047 and the 61.8% level is at $0.003030. The price appears to have found short-term support at the 61.8% level during the late morning hours. This suggests that sellers may become more active if the price falls below that level again.

Backtest Hypothesis

A potential backtesting strategy could involve a mean-reversion setup using the 20-period SMA and Bollinger Bands. A sell signal is triggered when the price moves below the lower Bollinger Band and closes below the 20-period SMA, with a stop-loss above the most recent swing high and a target at the 61.8% Fibonacci level. This aligns with the observed bearish momentum and consolidation near key technical levels. The recent candlestick patterns and volume behavior suggest that this setup could be validated by further bearish follow-through.