Market Overview for Ardrusdt on 2025-10-13

• Price climbed to $0.07468, a 6.5% rise from 12:00 ET-1.
• Volatility expanded as high-low ranges widened after 19:00 ET.
• Volume surged by 3.8x above the 24-hour average during the final 6 hours.
• RSI approached overbought territory, suggesting possible near-term correction.
• Bullish engulfing pattern emerged near key resistance, reinforcing upward momentum.

Ardor/Tether (ARDRUSDT) opened at $0.06902 on 2025-10-12 at 12:00 ET and closed at $0.07374 on 2025-10-13 at the same time, reaching a high of $0.07468 and a low of $0.06863. Total volume reached 1,687,791.0, and turnover stood at approximately $119.75 million over 24 hours. The pair experienced a sharp rise in price and volume, especially in the final 6 hours of the period.

Structure & Formations

Price exhibited a strong upward bias following a key breakout around $0.07135, with a clear formation of a bullish engulfing pattern at the end of the 18:45–19:00 ET session. This pattern appeared to confirm a shift in sentiment and momentum, pushing price past a prior resistance cluster between $0.0710 and $0.0715. The subsequent bullish continuation saw price test and clear a secondary resistance at $0.0725, with a minor consolidation period observed before a final surge toward $0.07468.

Moving Averages and MACD

On the 15-minute chart, price held above the 20- and 50-period moving averages for most of the session, indicating a continuation of bullish momentum. The 50-period line crossed above the 20-period line, forming a golden cross, which further reinforced the upward bias. The MACD line remained positive throughout the session, with a steady increase in divergence suggesting building momentum. This aligns with the observed price breakouts and aggressive buying pressure.

RSI and Bollinger Bands

Relative Strength Index (RSI) reached the 72–76 level during the final hours of the session, signaling overbought conditions and a potential pullback. However, the price continued to rise despite this, suggesting strong conviction from bullish participants. Bollinger Bands expanded significantly during the final 6 hours, indicating heightened volatility. Price traded near the upper band for a large portion of the session, showing strength relative to the recent range.

Volume & Turnover

Volume surged in the final 6 hours, with the most notable spikes occurring at 13:45 ET and 14:00 ET, when price broke above $0.0739 and $0.07468, respectively. These volume spikes confirmed the bullish breakouts and signaled institutional interest. Notional turnover also spiked during these periods, reflecting higher participation and liquidity. The volume and price action were aligned, supporting the reliability of the recent breakouts.

Backtest Hypothesis

The observed bullish engulfing pattern at 18:45–19:00 ET aligns well with the proposed backtesting strategy. If we assume a simplified daily bar approach due to the limitations of the backtesting engine, the signal could be modeled as a long entry at the next day's open with a target of holding for one day. Alternatively, an event study could analyze the average intraday return following such patterns on the 15-minute timeframe. Both approaches would require further validation but could offer insight into the profitability and robustness of the pattern in Ardrusdt trading.