Market Overview for Amp/Tether (AMPUSDT) as of 2025-11-09

Summary
• Price opened at $0.002509, traded between $0.002474–$0.002777, and closed at $0.002515 after a volatile 24-hour session.
• Volume spiked in the 17:45 ET 15-minute candle with a massive $80M turnover during a sharp rally.
• RSI and MACD signaled overbought conditions at peak, but price failed to sustain above key resistance.

Amp/Tether (AMPUSDT) opened at $0.002509 and closed at $0.002515 within a 24-hour range of $0.002474 to $0.002777. Total trading volume amounted to 311,687,083.0, with a notional turnover of approximately $783,569. The pair exhibited heightened volatility mid-session, particularly after a large-volume candle drove price from support to resistance.

Price formation suggested a lack of sustained bullish conviction, with a bearish reversal occurring post-18:00 ET as momentum indicators like RSI moved into overbought territory and failed to confirm follow-through buying. A bearish engulfing pattern formed in the early 18:00 ET hour, with price falling below the prior candle’s body, indicating bearish pressure.

Bollinger Bands showed a brief expansion during the 17:45 ET surge, but price subsequently retracted toward the lower band, indicating bearish exhaustion. Key support levels held around $0.002495–$0.002485, while resistance appeared to cap price above $0.002520. Volume and turnover diverged in the final hours, with declining volume signaling a potential consolidation phase.

Fibonacci retracement levels aligned closely with these support and resistance zones, with 61.8% retracement coinciding with the $0.002512 level, where price stalled near the 24-hour close. A bearish Engulfing pattern formed during the peak volume period and could serve as a potential sell signal for a backtesting strategy.

Backtest Hypothesis
The bearish Engulfing pattern, observed in the 17:45 ET candle, could be a viable short-term sell signal. A backtesting strategy could be built around identifying this pattern on the 15-minute chart and entering a short position at the next candle’s open, closing the trade at the close of the same candle. The strategy would aim to exploit sharp bearish reversals post-breakout failures, leveraging the high volume and overbought RSI seen during the formation. To execute the backtest, the correct ticker symbol (e.g., “HOLD” instead of “HOLD.P”) must be confirmed to ensure accurate historical data retrieval.