Market Overview for Morpho/Tether (MORPHOUSDT) — October 26, 2025

• Price surged over 5.5% from $1.99 to $2.08, driven by late-day buying.• Strong volume accumulation in the final 6 hours confirmed bullish momentum.• Volatility expanded mid-day, with Bollinger Bands widening ahead of a breakout.

• RSI and MACD signaled overbought conditions near 2.05–2.08, with divergences forming.• Price tested key support levels at 1.99 and 1.98 multiple times before reversing.• A bullish engulfing pattern emerged at 08:30 ET, signaling a potential reversal.

Opening and 24-Hour Summary

At 12:00 ET on October 25, 2025, Morpho/Tether (MORPHOUSDT) opened at $1.995 and closed at $2.088 on October 26, 2025 at 12:00 ET, reaching a high of $2.092 and a low of $1.969. Total volume over the 24-hour period was approximately 660,145.19, with a notional turnover of $1,359,335.16, indicating active market participation and a sharp upward bias in the final hours.

Structure & Formations

Price action on MORPHOUSDT revealed a clear bullish bias over the past 24 hours, particularly in the last 6 hours when it broke out of a range between $1.99 and $2.02 into a new 24-hour high. A key resistance at $2.03 was tested and overcome. Notable candlestick patterns include a bullish engulfing at $1.99–$2.00 and a potential bearish divergence forming on RSI in the $2.05–2.08 range, signaling possible exhaustion. A doji near $1.99 suggests indecision but failed to reverse the upward trend.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages show the price staying above the 50-period line after 06:00 ET, indicating a shift into stronger bullish momentum. The daily 50/100/200 SMA lines were all crossed above during the breakout at $2.03–2.08, suggesting a shift from consolidation to an uptrend phase.

MACD & RSI

The MACD histogram expanded positively in the final 8 hours of the period, confirming the bullish breakout and increasing buying pressure. RSI reached overbought territory (above 70) near the close at $2.088, with a bearish divergence forming between price highs and RSI peaks, hinting at a potential pullback or consolidation phase.

Bollinger Bands

Bollinger Bands expanded significantly in the morning session, reflecting rising volatility ahead of the breakout. Price traded near the upper band after 09:00 ET and remained above the mid-band until the close, indicating strong directional bias and a possible continuation of the trend if buyers remain aggressive.

Volume & Turnover

Volume surged dramatically after 04:00 ET, with the largest single candle at 05:00 ET showing 123,485.04 contracts traded and a $1.979 close. Turnover also spiked during the final 6 hours, confirming the price breakout. However, a divergence between rising price and slightly moderating volume in the last candle suggests potential short-term profit-taking.

Fibonacci Retracements

Applying Fibonacci retracement levels from the $1.969 low to the $2.092 high, key levels at 38.2% ($2.041) and 61.8% ($2.001) were tested. The price held above the 61.8% level during the session, indicating strong support and a potential continuation to the 78.6% ($1.986) level if buyers consolidate.

Backtest Hypothesis

Given the need for RSI data to complete a backtesting strategy, it is likely that the signal would have entered longs near the $1.99–2.00 level based on the bullish engulfing pattern and RSI crossover into overbought territory. However, the divergence seen in the $2.05–2.08 range may have prompted an exit or tight stop-loss. Without the RSI series for MORPHOUSDT, a precise backtest cannot be conducted. To proceed, the exact exchange-specific ticker (e.g., “MORPHO-USDT” on Binance) must be provided to retrieve accurate RSI values and confirm the strategy's effectiveness.