Market Overview for Internet Computer/Tether (ICPUSDT) – 24-Hour Summary (2025-10-03)

• ICPUSDT traded in a 4.463–4.611 range, ending at 4.609 with a bullish close.
• Price broke above key resistance at 4.575, showing strong 15-min momentum.
• Volume surged to 112k lots during the 19:15–19:30 ET rally, confirming strength.
• RSI hit overbought territory, suggesting possible short-term pullback.
• Bollinger Bands expanded, indicating heightened volatility and trend continuation.

Internet Computer/Tether (ICPUSDT) opened at 4.463 on October 2, 2025 (12:00 ET–1) and closed at 4.609 by 12:00 ET on October 3. The pair reached a high of 4.611 and a low of 4.463, with a total volume of 983,986.89 and a notional turnover of $4,449,974. The price exhibited a bullish trend, supported by rising volume and confirmed by key breakout levels.

Structure & Formations

The 24-hour candlestick structure showed a strong upward trend, with a large bullish engulfing pattern forming around 4.55–4.59. A key support level emerged at 4.52, which was tested and held. Notably, a doji appeared at 4.513–4.512, signaling short-term indecision. Resistance levels at 4.575 and 4.605 were decisively broken, opening the door for further upside.

Moving Averages

On the 15-minute chart, the 20SMA and 50SMA crossed to the upside in the late evening session (ET), reinforcing the bullish momentum. On the daily chart, ICPUSDT closed above its 50DMA and 100DMA, with the 200DMA acting as a key support level in the past. This suggests that the medium-term trend may be shifting upwards.

MACD & RSI

The MACD line remained above the signal line throughout the evening and into the early morning, indicating sustained bullish momentum. RSI surged to over 70, entering overbought territory during the 19:15–19:30 ET period, suggesting a potential correction could be near. However, the sustained close above the 4.58 level indicates strong demand at higher prices.

Bollinger Bands

Bollinger Bands widened significantly during the evening rally, signaling heightened volatility. The price traded above the upper band for a majority of the last 6 hours, a strong bullish sign. This expansion suggests a continuation of the trend could be likely in the near term, assuming volume remains strong.

Volume & Turnover

Volume surged dramatically during the 19:15–19:30 ET session, with a 15-minute volume of 112,077.28, confirming the breakout above 4.575. Turnover also spiked, reinforcing the price action. A divergence was noted during the 00:15–00:30 ET session, where price declined while volume remained moderate, suggesting some short-term profit-taking or consolidation.

Fibonacci Retracements

On the 15-minute chart, the 61.8% Fibonacci retracement level at 4.575 acted as a strong support that was later broken to the upside. On the daily chart, the 38.2% retracement level at 4.52 was tested twice and held, reinforcing its significance. The 61.8% level is now acting as dynamic support, with potential for further bullish moves beyond 4.65 if buyers remain aggressive.

Backtest Hypothesis

A potential backtesting strategy for ICPUSDT could involve entering long positions when price closes above the 15-minute 20SMA with a volume spike, and exiting when RSI exceeds 70 and closes below the 50SMA. Given the recent behavior—such as the 19:15–19:30 ET breakout and confirmation from both MACD and volume—this approach aligns well with the observed pattern. However, a stop-loss near the 4.52–4.53 support zone would help manage downside risk.