Market Overview for Internet Computer/Tether (ICPUSDT) – September 27, 2025

• ICPUSDT traded in a bullish consolidation after hitting a high of $4.227 and saw a closing rebound near $4.212.
• Strong volume spikes and a bullish reversal pattern suggest short-term support is holding.
• RSI hovered in neutral territory while MACD remained positive, signaling potential for a pullback test.
• Volatility remained moderate, with Bollinger Bands reflecting tight consolidation in late trading hours.
• Turnover increased during key price swings, supporting trend continuation signals.

Internet Computer/Tether (ICPUSDT) opened at $4.124 on September 26, 2025, reached a high of $4.227, and closed at $4.212 by 12:00 ET. Total 24-hour volume was 508,685.43 ICP, and turnover amounted to $2,137,094. The pair showed a strong rally in late afternoon trading and ended the session with a bullish consolidation.

Structure & Formations

ICPUSDT showed a bullish reversal formation as the price bounced off key support near $4.178 and surged to a high of $4.227. A notable bullish engulfing pattern emerged between 17:30 and 18:00 ET, confirming the strength of the rally. A small doji at $4.203 during the 22:15 ET candle signaled indecision but was quickly followed by a retest of the upper band. The 24-hour structure highlighted $4.180 as a key support level and $4.227 as immediate resistance.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages were aligned in an upward direction, with the price staying above both. The 20SMA crossed the 50SMA in a bullish crossover earlier in the session. On the daily chart, the 50-period and 200-period moving averages suggested a medium-term bullish bias, with the price showing a clear upward drift.

MACD & RSI

MACD remained positive throughout the session, with a healthy histogram expansion during the 17:30–19:45 ET rally, indicating strong momentum. The RSI hovered around the 50–60 range, suggesting neither overbought nor oversold conditions but implying that the market was in a consolidation phase. A slight divergence appeared near the end of the session, which could suggest a potential pullback in the near term.

Bollinger Bands

Volatility remained moderate throughout the 24-hour period, with the price staying within the Bollinger Bands for most of the session. A contraction in band width occurred during the 20:00–22:00 ET period, followed by a re-expansion. The price closed near the upper band, indicating potential for a pullback to the midline or even a test of the lower band in the coming hours.

Volume & Turnover

Volume spiked during the 17:30–18:45 ET and 22:00–23:30 ET periods, corresponding to significant price movements. Turnover also rose sharply during these intervals, confirming the strength of the bullish momentum. A divergence between price and volume occurred near the close, suggesting that the rally may be exhausting.

Fibonacci Retracements

Applying Fibonacci levels to the recent swing from $4.178 to $4.227, the 50% retracement level sits at $4.203, where the price found temporary resistance. The 61.8% retracement level at $4.193 appears to be the next key support area. On the daily chart, the 38.2% retracement level from the broader move remains a watchpoint for potential consolidation or reversal.

Backtest Hypothesis

The backtesting strategy described involves entering a long position when the 20SMA crosses above the 50SMA on the 15-minute chart, with a stop-loss placed below the most recent swing low and a take-profit at the next Fibonacci retracement level (61.8% or 50%). This approach aligns well with the observed momentum and volume patterns, particularly during the 17:30–18:45 ET rally, which could serve as a high-probability setup. Backtesting this strategy over the past 24 hours would test its effectiveness in capturing short-term bullish moves in a low-volatility environment.