Market Overview for Compound/Tether USDt (COMPUSDT) – 24-Hour Summary

• Price tested key support near $43.50 and rebounded, showing resilience amid downward pressure.
• High volatility observed during early morning hours, with a 12.8% range between $43.47 and $44.60.
• Volume surged during the rebound phase, confirming strength in the short-term bounce.
• RSI reached oversold levels (~28) before reversing, suggesting bearish exhaustion and potential consolidation.
• Momentum indicators like MACD showed a positive crossover and rising divergence, signaling a possible short-term reversal.

Compound/Tether USDt (COMPUSDT) opened at $44.13 on 2025-09-10 at 12:00 ET and closed at $43.92 on 2025-09-11 at 12:00 ET. The pair reached a high of $44.96 and a low of $43.47 during the period. Total volume across the 24-hour window was 50,334.69, and notional turnover was $2,218,531.28.

The 24-hour price action was marked by a sharp decline followed by a strong rebound, with key support levels holding during the early morning recovery. The price moved in a tight range during the morning hours, forming several doji and small bodies, indicating indecision and the possibility of a near-term consolidation phase. A bullish engulfing pattern emerged at the lower end of the range, suggesting potential short-term buying interest. Resistance levels appear to be forming near $44.47, while support is solid at $43.82 and $43.50.

Structure & Formations

The price action formed a key support zone between $43.50 and $43.82 during the rebound phase, with several bearish candles failing to push below this range. A doji appeared at the low of $43.47, indicating possible short-term capitulation. On the higher side, resistance is emerging at $44.47 and $44.96, with the 24-hour high at $44.96 acting as a psychological ceiling. A potential bearish divergence in RSI and the presence of a large bearish candle at $44.96 suggest caution for further short-term upside.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed into bullish territory during the rebound, suggesting a short-term reversal may be in progress. However, the 50-period line remains above the 20-period line, which indicates that the long-term trend remains bearish. On the daily chart, the 50-period and 200-period lines remain in a bearish crossover, with the 100-period line also supporting this trend. This suggests that while short-term buyers are active, the broader trend remains bearish.

MACD & RSI

The MACD histogram turned positive during the rebound phase, with both lines crossing into bullish territory. This suggests short-term momentum is in favor of the buyers. The RSI reached an oversold level near 28 and rebounded sharply, indicating a potential reversal. The RSI appears to be forming a bullish divergence with the price, suggesting a possible continuation of the current rebound. However, the RSI is still below the 50 level, indicating that the overall momentum remains bearish.

Bollinger Bands

Bollinger Bands showed a significant expansion during the early morning rebound, with the price moving from the lower band to the middle band. This suggests increased volatility and a potential continuation of the current move. The price is currently sitting near the middle band, indicating a period of consolidation. A move above the upper band would be a strong bullish signal, while a drop back to the lower band would indicate renewed bearish pressure.

Volume & Turnover

Volume spiked significantly during the rebound phase, confirming the strength of the bounce. The highest volume occurred during the 06:15–06:30 ET period, when the price surged from $44.53 to $44.96. The high volume during this period suggests strong buyer participation. Notional turnover also increased during this period, aligning with the volume and confirming the strength of the move. However, a divergence appears to be forming between price and volume during the consolidation phase, suggesting the rally may be running out of steam.

Fibonacci Retracements

Applying Fibonacci retracement levels to the 24-hour range (from $43.47 to $44.96), the 38.2% and 61.8% levels fall at $44.45 and $44.10, respectively. The price has found support near the 61.8% level and may continue to consolidate around this area. A break above the 38.2% level would indicate a potential continuation of the rebound, while a drop below the 61.8% level would suggest renewed bearish pressure.

Backtest Hypothesis

Given the current technical environment, a potential backtesting strategy could focus on entries near the 61.8% Fibonacci level and the 43.82 support zone, with a stop-loss placed just below the previous low at $43.47. A long position could be initiated if the price shows a bullish breakout from the consolidation range, confirmed by a close above the 38.2% Fibonacci level at $44.45. The MACD and RSI divergence suggests that a short-term reversal is possible, and a long bias may be appropriate for the next 24–48 hours, provided key support levels remain intact. This aligns with the observed bullish engulfing pattern and the current positive MACD crossover.