Market Overview for Cosmos/Tether USDt (ATOMUSDT)

• Price surged to a 24-hour high of $4.692, closing near $4.689 at 12:00 ET after consolidating.
• Momentum accelerated in the late morning before showing signs of exhaustion in the afternoon.
• Volatility expanded significantly, with volume surging to $135,072.58 in the 12:45 ET candle.
• RSI signaled overbought levels by late afternoon, while Bollinger Bands suggested tightening consolidation.
• Turnover diverged slightly from price during pullbacks, indicating mixed sentiment.

Cosmos/Tether USDt (ATOMUSDT) opened at $4.522 on 2025-09-09 at 12:00 ET, surged to a high of $4.693, and closed at $4.689 by 12:00 ET on 2025-09-10. The 24-hour notional volume totaled approximately 574,328.28 and turnover reached $2.66 million, showing strong interest in the pair.

Structure & Formations

The 15-minute chart revealed a strong bullish bias throughout the day, with key resistance levels forming around $4.690–$4.700 and support levels consolidating near $4.620–$4.630. A notable bullish engulfing pattern emerged at 09:30 ET, followed by a morning breakout. A high-volume reversal candle at 14:45 ET signaled a potential pause in momentum, with price hovering near the upper Bollinger Band. A long upper shadow appeared at 15:45 ET, suggesting profit-taking. A bearish harami at 16:00 ET signaled potential near-term caution.

Moving Averages

On the 15-minute chart, price closed above the 20-period and 50-period moving averages, indicating a continuation of bullish momentum. On the daily chart, the 50-period MA at $4.650 and the 200-period MA at $4.620 both showed price above them, reinforcing a medium-term bullish bias.

MACD & RSI

The MACD remained in positive territory, with a narrowing histogram suggesting a slowdown in the bullish momentum. RSI reached overbought territory above 70 at 10:15 ET and held near 70 for much of the session, with a slight pullback into neutral territory by 16:00 ET, signaling potential exhaustion and a possible near-term reversal.

Bollinger Bands

Volatility expanded significantly during the morning session, with price reaching the upper band at 12:45 ET. By the afternoon, the bands started to contract slightly, indicating a potential consolidation phase. Price remained in the upper half of the bands, suggesting a continuation of the bullish trend in the near term.

Volume & Turnover

Volume surged on the breakout at 12:45 ET, reaching 135,072.58, the highest of the session. Turnover mirrored the volume surge, confirming the bullish breakout. A divergence was observed during the afternoon pullback, where price declined slightly but volume remained elevated, indicating continued buyer interest.

Fibonacci Retracements

Key Fibonacci levels from the recent bullish wave showed 38.2% at $4.665 and 61.8% at $4.695. Price tested the 61.8% level twice, with the second test occurring at 12:45 ET and showing strong rejection. A 78.6% extension at $4.700 may serve as the next potential target if the current trend holds.

Backtest Hypothesis

Based on today’s price behavior and the confirmation of key support and resistance levels, a possible backtesting strategy could involve a bullish breakout trade at the 12:45 ET candle, entering on a close above the 15-minute 20-period MA with a stop-loss placed just below the 4.680 level. A 2:1 risk-to-reward ratio could be targeted, with a target at the 61.8% Fibonacci level of $4.695. This strategy would leverage the confluence of strong volume, bullish momentum, and a key Fibonacci level to increase the probability of a successful trade in a trending environment.