Market Overview for Movement/Tether (MOVEUSDT) – 2025-09-14

• Price dipped to 0.1285 before rebounding to 0.1327, forming a bullish recovery trend late in the 24-hour period.
• RSI hovered near 45-50, indicating neutral momentum with no clear overbought or oversold signals.
• Volatility expanded during the sharp drop, followed by consolidation above key support at 0.1314.
• Volume spiked during the decline, confirming bearish pressure but waned during the recovery phase.
• Bollinger Bands showed a contraction during the mid-session consolidation, suggesting potential for a breakout.

Movement/Tether (MOVEUSDT) opened at 0.1318 on 2025-09-13 at 16:00 ET, reaching a low of 0.1285 before closing at 0.1327 at 12:00 ET on 2025-09-14. Total 24-hour volume amounted to 5,238,451.9, with a notional turnover of $690,170.67 (calculated using volume × average close price per candle).

Structure & Formations

Key support levels were identified around 0.1314 and 0.1285, both of which saw strong buying interest during pullbacks. A bearish inside bar pattern formed during the session low, followed by a bullish rejection at 0.1314. A bullish morning star pattern appeared just before the 12-hour mark, suggesting a potential reversal.

Moving Averages

On the 15-minute chart, the 20-period MA was at 0.1318, and the 50-period MA at 0.1317, with price consolidating above both. On the daily chart, the 50-period MA was at 0.132, with price hovering just above it, suggesting a potential continuation of the bullish bias.

MACD & RSI

The MACD crossed into positive territory during the final hours of the session, reinforcing the recent bullish momentum. RSI remained in the mid-range, fluctuating between 45 and 50, which suggests a lack of overbought conditions but indicates that the asset is not in a strong bearish state either.

Bollinger Bands

Bollinger Bands narrowed significantly during the mid-session consolidation phase, signaling a potential breakout. Price later tested the upper band in the final hours, which could indicate a continuation of the upward trend if the breakout is confirmed.

Volume & Turnover

Volume increased sharply during the bearish dip, reaching 986,541.2 at one point, reinforcing the move lower. However, volume declined during the recovery phase, which may indicate a lack of conviction among bulls. Notional turnover followed a similar pattern, rising during bearish pressure and falling during the rally.

Fibonacci Retracements

Fibonacci retracement levels for the 15-minute swing from 0.1285 to 0.1327 showed the 0.618 level at 0.1316 and the 0.382 level at 0.1306. Price found support at 0.1314, slightly below the 0.382 level, indicating potential for a continuation of the rally.

Backtest Hypothesis

A viable backtest strategy for this asset may involve entering long positions when price breaks above the 0.1314 Fibonacci level, with a stop-loss below 0.1304 and a target at 0.1335. Given the recent MACD crossover and the consolidation above key support, this setup could be effective in capturing a short-term bullish continuation. The strategy would also benefit from confirming the breakout with increased volume, as seen in the final hours of the session.