Market Overview for Civic/Tether (CVCUSDT) on 2025-09-17

• Price action remained range-bound within 0.0887–0.0902
• Overbought RSI conditions emerged near 0.0902, followed by a pullback
• Volatility expanded mid-session with a 0.0015 range before consolidating
• Key resistance at 0.0896–0.0898, support at 0.0887–0.0889 held during retracements
• Volume surged near 0.0902 before reversing, suggesting potential short-term capitulation

Backtest Hypothesis

A potential backtesting strategy could focus on the bearish engulfing pattern observed near 0.0902, followed by the hanging man and doji as confirmation signals. A long entry at 0.0887–0.0889 with a stop just below the 0.0885 level could target the 0.0890–0.0894 range. This setup would benefit from the current RSI divergence and MACD bearish crossover, making it a candidate for a short-term mean-reversion trade.