Market Overview for Internet Computer/Tether (ICPUSDT) - 2025-10-13

• ICP/USDT rose from $3.37 to $3.56, reaching a 24-hour high before consolidating near $3.55.
• Momentum showed mixed signals, with RSI trending into overbought levels after a sharp rally.
• Volatility surged as price broke above a key resistance level near $3.50.
• Volume confirmed the break above $3.50 with a sharp increase during the final hours.
• A potential pullback to 3.48–3.49 could test the strength of the breakout.

The Internet Computer/Tether (ICPUSDT) pair opened at $3.37 on 2025-10-12 at 12:00 ET and closed at $3.55 by 12:00 ET on 2025-10-13. During the 24-hour period, the pair traded as high as $3.624 and as low as $3.366. Total volume reached 1,948,989.39, with notional turnover amounting to approximately $6,854,000. The rally was supported by strong buying pressure after the price crossed above the $3.50 psychological level.

On the 15-minute chart, ICPUSDT formed a bullish breakout pattern after multiple attempts to clear the $3.50 barrier. A large bullish candle at 09:00 ET (12:00 local UTC+3) closed at $3.583, indicating strong conviction in the upward move. The 20-period and 50-period moving averages both trended higher, supporting the uptrend. The 20-period MA was below the 50-period MA, indicating a bullish crossover potential. On the daily chart, the 50-day MA was above the 100-day and 200-day MAs, suggesting a continuation of a broader bullish bias.

MACD lines showed positive divergence in the final hours, with a rising histogram confirming strengthening momentum. The RSI moved into overbought territory (above 70), suggesting potential for a near-term consolidation phase or a pullback. Bollinger Bands showed a recent expansion, with price near the upper band at the 24-hour peak. This volatility expansion was accompanied by increasing volume, suggesting a potential continuation of the trend. Key Fibonacci levels at 3.618 (61.8%) and 3.57 (38.2%) may offer resistance, while 3.48 (61.8% retracement from the recent swing high) and 3.45 (38.2%) may act as support zones.

Looking ahead, ICPUSDT may test the $3.55–3.58 range for further consolidation or another attempt to break higher. A pullback to the 3.48–3.49 zone could provide a re-entry opportunity if bullish momentum is confirmed. Investors should remain cautious of potential overbought conditions and monitor for any signs of bearish reversal, especially if the 50-period moving average begins to flatten or reverse.

The tag appears here to support the narrative with visual analytics, including RSI trends, moving average crossovers, and Fibonacci retracement levels.

Backtest Hypothesis

To build a robust trading strategy around ICPUSDT, I aim to backtest a simple RSI-based system using the 14-day RSI. However, I encountered an issue with my current data source, which returned an error under the function “get_asset_base_info.” This error indicates that the symbol format or exchange I used is not recognized by the system. To proceed:

1. Confirm the exchange and symbol format – For example, I can use Binance with the symbol “ICPUSDT,” or another exchange if preferred.
2. Provide RSI or price data directly – If you have access to daily close prices or RSI-14 time-series data in CSV or JSON format, I can use that for the backtest.
3. Fetch public data via an alternative source – If no data is provided, I can fetch the required close prices from a reliable public source and compute the RSI internally, though this will take some time.

Once I have the RSI series, I will generate buy signals (when RSI > 70) and sell signals (when RSI crosses below 70), then backtest the strategy on ICP/USDT from 2022-01-01 to today. The results will include performance statistics and a chart visualizing the strategy. Please let me know how you’d like to proceed.