Market Overview for Civic/Tether (CVCUSDT) – 24-Hour Summary as of 2025-11-06

Summary
• Price traded in a tight range with a bullish bias in the first half of the session.
• Volatility dropped in the second half, with a bearish shift observed in overnight trading.
• Turnover surged at key resistance levels, suggesting active participation.

Civic/Tether (CVCUSDT) opened at $0.0508 on 2025-11-05 at 12:00 ET and closed at $0.0504 on 2025-11-06 at 12:00 ET, reaching an intraday high of $0.0518 and a low of $0.0495. The pair traded on a 24-hour volume of 3.1 million CVC and a notional turnover of $154,000.

Structure & Formations

CVCUSDT formed a series of small bullish and bearish engulfing patterns around key levels, including a notable bullish engulfing at $0.0514 and a bearish engulfing at $0.0505. A long-legged doji appeared at $0.0513, signaling indecision. Support levels were observed at $0.0505 and $0.0503, while resistance clustered around $0.0513–$0.0515. The price tested these levels multiple times during the session, with volume confirming rejections at resistance but showing weaker follow-through on support.

Moving Averages

On the 15-minute chart, the 20SMA and 50SMA crossed around $0.0512, forming a bullish crossover in the morning, but the trend reversed in the early hours of 11/06, with the 20SMA dipping below the 50SMA. On the daily chart, the 50DMA and 200DMA crossed near $0.0512, indicating a potential shift in medium-term sentiment. Price action appears to follow the 20SMA in the short term, but the 50DMA is showing strength as a potential pivot.

MACD & RSI

The MACD histogram showed a strong positive divergence in the first half of the session, peaking at $0.0516, followed by a rapid contraction into negative territory as bearish momentum took over overnight. The RSI oscillated between 45–65, suggesting moderate bullish momentum until it dropped below 50, indicating a shift in market sentiment. A bearish crossover on the MACD occurred at $0.0509, aligning with a price breakdown.

The Bollinger Bands widened significantly in the morning at $0.0514–$0.0517, narrowing again overnight as volatility subsided. Price remained within the upper band for several hours, suggesting strength, but eventually retracted below the middle band after 02:00 ET. A contraction in the bands overnight at $0.0502–$0.0505 may foreshadow a potential breakout or continuation of the current range.

Volume & Turnover

Volume surged at $0.0514–$0.0516 (over 150,000 CVC in 15-minute candles), confirming the level as a key psychological barrier. A sharp drop in volume occurred after the price broke below $0.0512, suggesting a lack of follow-through in the bearish move. Turnover mirrored the volume profile, peaking at $0.0514 and dipping significantly during the early-morning consolidation.

Fibonacci Retracements

Key retracement levels from the $0.0495–$0.0518 swing identified 38.2% at $0.0507, 61.8% at $0.0511, and 78.6% at $0.0514. Price found temporary resistance at 61.8% and 78.6%, with the 38.2% level acting as a minor support. The 0.5% level at $0.0506 coincided with a strong volume spike and a bearish reversal pattern, suggesting a probable short-term support area.

Backtest Hypothesis

A MACD-based backtest using the crossover rules described (Golden Cross for buy, Death Cross for sell) appears well-aligned with the 15-minute price structure observed. On 2025-11-05, a buy signal would have been triggered at $0.0512, with a sell signal emerging shortly after 04:00 ET as the MACD histogram turned negative. The strategy would have captured the early-morning rally and exited the position as bearish momentum took hold, aligning with the observed volume and price divergences. Given the recent volatility and multiple MACD crossovers, this strategy may prove effective for short-term traders but could face challenges during periods of low volatility or sideways movement.