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Summary
• Price action shows a steady upward trend with multiple resistance tests and bullish
Hyperlane/Tether (HYPERUSDT) opened at 0.1549 on 2025-11-06 at 12:00 ET, and traded between 0.1531 and 0.1655 before closing at 0.1651 on 2025-11-07 at 12:00 ET. Total volume amounted to 5.62 million, with a notional turnover of $903,145. The price action reflects a clear bullish bias over the 24-hour period.
Structure & Formations indicate that key resistance levels were tested and exceeded, particularly after 00:00 ET on 2025-11-07, where a strong Bullish Engulfing pattern emerged. This pattern, paired with a breakout above 0.1600, signaled strong buying pressure. Doji formations were noted earlier in the session, hinting at indecision before the rally. The price remained above the 20-period moving average for most of the session, suggesting short-term bullish control.
The 20-period and 50-period moving averages on the 15-minute chart were both sloping upward, with price action staying above both, reinforcing the bullish bias. On the daily chart, the 50-period MA is a key level to watch for continuation. MACD showed a positive crossover with a bullish histogram, indicating growing momentum. RSI reached overbought territory by the close, suggesting a potential pause or pullback could be in the near future.
Bollinger Bands reflected a moderate volatility expansion as price pushed higher through the upper band multiple times. The 20-period standard deviation increased by 0.0008, indicating rising volatility. Price action remained largely above the 20-period MA within the band, which is typically a sign of strength.
Volume and notional turnover increased notably after 19:00 ET, with the largest single 15-minute candle (23:45 to 00:00 ET) contributing $100,000 in turnover. The volume spikes matched the price action, confirming strength in the move. A divergence was not observed, meaning volume and price were in alignment.
Fibonacci retracement levels based on the key 15-minute swing from 0.1531 to 0.1655 placed 0.1626 at the 61.8% level, which was tested twice before a final breakout. The 38.2% retracement at 0.1603 held strong, acting as a pivot level. These levels helped validate the breakout on the daily timeframe as well.
Backtest Hypothesis
The Bullish Engulfing candlestick pattern is a promising technical signal for identifying potential long opportunities in HYPERUSDT. To evaluate its effectiveness, a backtest over the 2022–2025 period could be run to determine its win rate and profitability. A key refinement would be to combine the pattern with a resistance level touch—such as the 0.1603 or 0.1626 Fibonacci levels—to filter for higher-probability setups. This would help validate whether the pattern is more predictive when used in conjunction with price structure and support/resistance.

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