Market Overview for Compound/Tether (COMPUSDT) on 2025-09-15

• Price action showed a bullish reversal after a bearish breakdown, with a 15-minute bullish engulfing pattern at 44.96.
• RSI hit oversold levels (34.5) and then surged, suggesting potential short-term recovery.
• Volume spiked during the final 6 hours, confirming the recent upward move.
• Bollinger Bands widened after consolidation, indicating rising volatility.
• 20-period MA crossed above 50-period MA, forming a golden cross on the 15-minute chart.

The 24-hour session for Compound/Tether (COMPUSDT) opened at 44.84 (12:00 ET – 1), reached a high of 45.69, and closed at 45.04 at 12:00 ET. The total volume was 13,643.14, with a notional turnover of $619,511.60, reflecting strong liquidity and participation in the final hours.

Structure & Formations

The price initially broke below key support at 44.92, only to form a bullish engulfing pattern at 16:30 ET (44.96–45.16), which marked a short-term reversal. This was followed by a series of higher lows from 45.04 to 45.69, with resistance levels forming at 45.27, 45.42, and 45.60. A doji formed at 04:45 ET (45.59–45.59), signaling indecision in the market. A bearish divergence was also seen in RSI during the early morning, but it was quickly invalidated by a strong rally.

Moving Averages

The 20-period MA crossed above the 50-period MA around 04:00 ET, forming a golden cross, which historically has been a bullish signal in short-term trading. On the daily chart, the 50-period MA is above the 100-period and 200-period MAs, indicating that the pair is in a longer-term bullish phase. The current price of 45.04 is above the 20-period MA, suggesting a potential continuation of the upward trend.

MACD & RSI

MACD turned positive after 03:00 ET, indicating a shift in momentum toward the bulls. The RSI hit oversold territory (34.5) during the overnight session but rebounded sharply, peaking at 54.2 at 06:45 ET. This suggests that the recent price action is likely to continue with moderate bullish momentum, though caution is warranted as overbought levels (60+) have not yet been reached.

Bollinger Bands

Bollinger Bands saw a significant expansion after a period of consolidation. The price moved from near the lower band at 44.92 to touch the upper band at 45.69, confirming the breakout. The band width increased from ~0.09 to ~0.36, signaling rising volatility. The closing price at 45.04 is now closer to the middle band, suggesting a possible pullback or consolidation phase.

Volume & Turnover

Volume spiked significantly from 04:00 ET onward, with the final 6 hours contributing over 55% of the total volume. Notional turnover also surged during this period, aligning with the upward price movement. The divergence between volume and price during the 19:00–21:00 ET period was bearish, but it was quickly neutralized by the morning rally.

Fibonacci Retracements

Applying Fibonacci retracement to the 15-minute move from 44.92 to 45.69, the 38.2% level at 45.39 and the 61.8% level at 45.50 were both tested but not held. On the daily chart, the 38.2% retracement from the recent high at 45.69 is 45.36, which is currently acting as strong support. A break below this level could signal a retest of 44.92.

Backtest Hypothesis

Given the golden cross on the 15-minute chart and the bullish engulfing pattern at key support, a potential backtest could involve a long-entry strategy at the close of the bullish candle (45.16) with a stop just below 44.96. A take-profit target could be set at 45.42 (38.2% retracement level). This setup would align with the RSI rebound and volume confirmation seen in the final hours, suggesting a high-probability continuation of the bullish trend.