Market Overview for Pixels/Tether (PIXELUSDT) on 2025-09-18

• PixelUSDT traded in a 24-hour range of 0.03194–0.03451, with a 1.34% price increase toward the close.
• Rising volume and consolidation suggest momentum build after a sharp post-noon rally.
• RSI shows signs of overbought conditions late in the session with strong buying pressure.
• Bollinger Bands show price near the upper band, reflecting heightened volatility.
• A bullish engulfing pattern formed in late trading, signaling potential further upside.

The Pixels/Tether (PIXELUSDT) pair opened at $0.03238 on 2025-09-17 at 12:00 ET and closed at $0.03443 by 12:00 ET on 2025-09-18, trading between $0.03194 and $0.03451. Total volume across 96 15-minute intervals was 53,536,842.5, with a turnover of $1,772,471.94. Price action showed a strong rally in late morning and afternoon, with a consolidation phase in the latter half of the session, suggesting a possible shift in sentiment.

Key support levels formed near 0.03234–0.03250, while resistance levels emerged around 0.03380–0.03420 and 0.03450. A bullish engulfing pattern was visible in the 18:00–19:00 ET range, indicating buying pressure at key levels. Additionally, a 15-minute doji appeared near the upper Bollinger band at 20:00 ET, hinting at temporary indecision. These patterns suggest that bulls have maintained control but may face tests at 0.03450 and 0.03470 in the coming 24 hours.

The 15-minute chart shows the price above both the 20 and 50-period moving averages, confirming an upward trend. MACD remained positive with a flattening histogram, indicating momentum is slowing. RSI touched 68–70 in the final hour, suggesting overbought conditions, while stochastic RSI showed a bearish divergence in the 3:00–4:00 ET range. Bollinger Bands expanded sharply during the post-noon rally, with price closing near the upper band, signaling elevated volatility. A 61.8% Fibonacci retracement level at 0.03434 was tested and held, reinforcing the short-term bullish bias.

The 24-hour volume was concentrated in two key periods: first, between 17:30–19:00 ET, when the price broke out of a descending channel; and second, from 01:30–02:30 ET, when a sharp pullback occurred. Notional turnover was highest during the 17:45–19:00 ET and 02:30–04:30 ET intervals, indicating significant participation during key support and resistance tests. The volume profile shows no significant divergence with price, suggesting conviction in the upward move. A continuation of the current trend could see the price testing 0.03470–0.03485 next.

Backtest Hypothesis

For the backtest strategy described, which leverages a combination of RSI overbought/oversold levels and bullish/candlestick patterns to generate trade signals, PIXELUSDT appears to align well with potential entry criteria. The overbought RSI in the final hour, coupled with a bullish engulfing pattern and a 61.8% Fibonacci level acting as support, could suggest an entry point for a long position. The strategy would likely aim for a target near the 0.03450–0.03470 resistance zone, with a stop-loss placed below the 0.03400 level to manage risk. Given the current price and volume dynamics, a backtest would likely evaluate the effectiveness of this setup in the context of recent volatility and trend strength.