Market Overview for Compound/Tether (COMPUSDT) on 2025-11-12

Summary
• Compound/Tether (COMPUSDT) declined sharply in the 24-hour period, closing near a recent 15-min low.
• Momentum indicators signal oversold conditions, hinting at potential short-term recovery.
• High volatility and diverging price-volume dynamics suggest mixed market sentiment.
• Key support near $32.88 may hold relevance for near-term buyers.
• A bullish reversal pattern near 33.15 suggests a possible bounce ahead of major resistance.

Compound/Tether (COMPUSDT) opened at $33.95 on 2025-11-11 at 12:00 ET and closed at $33.57 on 2025-11-12 at the same time, with a high of $36.80 and low of $32.68. Total volume was 76,446.93 and turnover (notional) reached $2,632,652.34 in the 24-hour period.

The 24-hour 15-minute chart shows a distinct bearish breakdown, characterized by a sharp drop in price and volatility expansion during the early UTC hours. Price action moved below a key 50-period moving average, forming a potential bearish divergence with RSI, which dipped into oversold territory. Bollinger Bands widened during the decline, suggesting heightened uncertainty in the market. A bearish breakdown on the 15-minute time frame, supported by a drop in volume during the final 3 hours, points to continued pressure on the pair.

Key support levels to watch include $32.88 and $32.68, with the 61.8% Fibonacci retracement at $32.90 potentially acting as a pivot. On the resistance side, $33.15–$33.17 marks a critical zone where a bullish reversal pattern formed, which could trigger a short-term bounce. The 20-period MA crossed below the 50-period MA (death cross), reinforcing the bearish tone for the immediate term. However, RSI’s extreme oversold reading suggests a potential short-term rebound may be in the cards.

A candlestick chart showing the 24-hour price action of COMPUSDT, with highlighted Fibonacci levels, Bollinger Bands, and key support/resistance zones.

A chart overlay showing RSI, MACD, and volume flow in relation to the price move.

The MACD indicator turned negative, showing bearish momentum, while RSI hit an oversold level near 25, suggesting a possible short-term bounce. Volume spiked during the initial drop and again in the final hours, confirming the bearish sentiment. However, no strong divergence between price and volume was observed during the last few hours of the 24-hour period, suggesting the sell-off remains grounded.

Backtest Hypothesis
The attempt to backtest the Bullish Engulfing pattern on the ticker “BLSH.N” returned no results, likely due to unavailability or misidentification of the symbol. For future analysis, ensuring the correct ticker symbol and exchange is essential to align with data sources. If the symbol is unlisted or otherwise inaccessible, an alternative, actively traded pair can be used for pattern-based backtesting. Alternatively, manual backtesting can be performed if historical price data and event dates are provided, enabling a more tailored analysis of candlestick patterns like the Bullish Engulfing.