Market Overview for Contentos/Tether (COSUSDT) - 2025-10-03

• COSUSDT traded in a 24-hour range of $0.003078–$0.003195, with a closing gain of +2.48% against the opening price.
• A key resistance at $0.003194 and support at $0.00314 were tested multiple times, showing a consolidation phase.
• Volume surged above 10M in early hours of 2025-10-03, but price failed to follow through on the bullish momentum.
• RSI peaked at overbought levels in the afternoon, followed by a pullback, suggesting short-term exhaustion.
• Bollinger Bands showed tightening volatility in the first half, expanding as price tested key levels.

Contentos/Tether (COSUSDT) opened at $0.003078 on 2025-10-02 12:00 ET and closed at $0.00316 on 2025-10-03 12:00 ET, reaching a high of $0.003195 and a low of $0.003078 over the 24-hour period. Total volume was 99,999,980.39999999 and total turnover amounted to $317,762.50.

The 15-minute chart reveals a pattern of consolidation with a bullish bias, marked by multiple attempts to break out above $0.003194 and pullbacks to $0.00314. A bullish engulfing pattern formed around 19:45 ET, followed by a hanging man at 00:45 ET, signaling potential indecision in the short term. The price spent most of the session above the 20- and 50-period moving averages, suggesting a near-term bullish trend.

Structure & Formations

Key support levels are forming at $0.00314 and $0.00313, with the latter acting as a minor support during late-hour consolidation. Resistance is clustered between $0.003176 and $0.003194, with the 19:15–19:30 ET candles showing a failed attempt to break above $0.003194. A bullish flag pattern may be forming around 09:00–09:45 ET, suggesting a potential continuation higher.

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The 20-period MA remained above the 50-period MA for most of the day, indicating a bullish bias in momentum. On the 1-hour chart, the 50-period MA crossed above the 100-period MA in the late morning hours, forming a golden cross that may have fueled the afternoon rally. However, the 200-period MA remains above both, reinforcing the idea of a long-term sideways to bullish trend.

Moving Averages

MACD remained positive throughout the session, with a bullish crossover in the morning and a bearish divergence forming by the early hours of 2025-10-03, hinting at a potential correction. RSI fluctuated between overbought (>75) and **oversold (<30)** levels, with the most recent overbought condition occurring at 19:30 ET. A **RSI divergence** around 00:45 ET suggests that the upward move may lack conviction.

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Bollinger Bands showed a contraction in volatility during the early hours, followed by a volatility expansion as price moved toward the upper band in the afternoon. Price closed near the middle band, indicating that momentum may be stabilizing. The upper band sits at $0.003173, and the lower at $0.003147, with the price range showing frequent retests.

Bollinger Bands

Volume spiked over 10M in the early hours but failed to sustain a breakout above $0.003194, forming a bearish volume divergence. Turnover followed the volume closely, with a peak of $10,000 in the late evening before falling off. The divergence between volume and price action suggests that buyers may be running out of steam.

Volume & Turnover

Fibonacci retracements from the 19:15–23:30 ET move showed key levels at $0.00315 (38.2%) and $0.003167 (61.8%). The price has tested the 61.8% level multiple times, suggesting a potential resistance-turned-support in the short term. On the daily chart, a major swing high from 2025-09-30 remains at $0.00321, with the price currently in a retracement phase.

Fibonacci Retracements

Over the next 24 hours, the market may look for a break above $0.003194 to confirm the bullish bias. However, a retest of $0.00314 could signal renewed bearish pressure. Investors should monitor RSI divergence and Bollinger Band contractions for early signals of a reversal. As always, trading without clear confirmation carries risk, especially in low-cap assets like COS.

Backtest Hypothesis

The described backtesting strategy involves entering long positions on a bullish engulfing pattern with confirmation from a golden cross between the 20- and 50-period MAs. The strategy aims to exit on a bearish divergence in RSI or a close below the 20-period MA. This approach would have triggered an entry at 09:00 ET on 2025-10-03 with a target near $0.003165–$0.003175, consistent with the observed price action and trend strength. The stop-loss level would be placed below $0.00314, a key support zone that was tested multiple times during the session.

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