Market Overview for MultiversX/Tether (EGLDUSDT) on 2025-10-10

• Price surged to 13.65 before consolidating around 13.50 in late trading.
• Volume spiked over 10,000 units during a sharp 13.50–13.65 reversal.
• RSI and MACD signaled positive momentum, but not overbought.
• Volatility expanded after 13:30 ET amid a 6.5% move from 13.50 to 13.65.
• Bollinger Bands showed price nearing upper band during late-day rally.

The EGLDUSDT pair opened at 12.82 on 2025-10-09 at 16:00 ET and closed at 13.47 at 12:00 ET on 2025-10-10. The 24-hour range spanned from 12.71 to 13.65, with the price settling near the upper third of the range. Total volume reached 134,426.39, and notional turnover amounted to 1.76 million USD.

The 15-minute chart exhibited a clear bullish bias in the latter half of the day, with a strong reversal forming after 13:30 ET. Key resistance levels formed near 13.50 and 13.65, both of which saw multiple rejections and confirmatory closes. A bullish engulfing pattern was visible at 13.30 ET, followed by a strong continuation toward 13.65. A long-tailed bearish doji formed at 15:30 ET during the pullback, suggesting short-term indecision. The 20-period moving average crossed above the 50-period line around 17:00 ET, supporting the bullish momentum. The 50-period MA remained above the 100- and 200-period lines, indicating a medium-term positive trend.

The RSI reached 63 by 13:45 ET, showing strong momentum but not yet overbought. MACD turned positive around 16:30 ET, with a bullish crossover and increasing histogram strength through 15:00 ET. Bollinger Bands expanded significantly between 13:30 and 14:45 ET, with the price reaching the upper band on multiple occasions. Volatility spiked during this period, coinciding with a sharp price rise from 13.30 to 13.65. Notably, volume surged with the price action, confirming the bullish breakout and indicating strong participation.

Fibonacci retracements applied to the 12.71–13.65 swing identified key levels at 13.26 (61.8%) and 13.48 (38.2%). The price briefly held at the 61.8% level during the pullback and later pushed above the 38.2% as buying pressure intensified. Divergences between volume and price were minimal, with the notable exception being the 15:30 ET doji, where volume dropped despite a sharp price decline. This may indicate potential exhaustion of the current trend.

The pair appears to have entered a bullish phase, with strong momentum and confirmation from volume and technical indicators. A test of the 13.65 level could confirm a stronger uptrend, but a pullback toward 13.45–13.50 may provide a better entry point. Investors should monitor the 13.26–13.29 zone as a potential support area, with a risk of reversal if it fails to hold.