Market Overview for Reserve Rights/Tether (RSRUSDT) on 2025-09-18

• Price rose from 0.007234 to 0.007946 in 24 hours, forming bullish continuation patterns.
• RSI above 60 suggests increasing momentum, while volume surged during late-night consolidation.
• Price remained above 20-period SMA on the 15-min chart, indicating short-term bullish bias.
• Bollinger Bands showed moderate expansion post-05:00 ET, aligning with a breakout phase.

24-Hour Summary

Reserve Rights/Tether (RSRUSDT) opened at 0.007234 on 2025-09-17 at 12:00 ET and closed at 0.007946 on 2025-09-18 at 12:00 ET. The pair reached a high of 0.007946 and a low of 0.007196. Total volume across the 24-hour window was 291,023,135.53, with a notional turnover of approximately $2,115,492 (assuming USD base).

Structure & Formations

The candlestick structure over the 24-hour period showed a clear bullish trend, particularly from the early afternoon of the prior day. A key breakout occurred around 20:00 ET, where a large bullish candle with a long lower wick confirmed rejection of prior support levels. A series of higher highs and higher lows followed, with price maintaining above the 20-period SMA on the 15-minute chart most of the time. Notable patterns include a bullish engulfing pattern at 20:00 ET and a piercing line at 21:45 ET, both indicating strong buying pressure after earlier consolidation.

Support & Resistance

Key support levels observed were at 0.007459 and 0.007271, both of which were successfully tested and broken. Resistance levels included 0.007558, 0.007701, and 0.007903, with the last one acting as a critical breakout point. A strong psychological resistance at 0.007950 appears to be in play, with price hovering near it by the end of the session.

Moving Averages

On the 15-minute chart, the 20-period SMA provided strong directional guidance, with price staying above it for most of the session. The 50-period SMA also showed a bullish tilt, crossing above the 20-period SMA in the late evening hours, forming a golden cross. On the daily chart (1D), the 50-period SMA was at approximately 0.007650, with the 200-period SMA at 0.007490. The price closed above both, suggesting a constructive setup for further gains if this trend continues.

MACD & RSI

The MACD showed increasing bullish momentum, with the histogram expanding positively during the 19:30–22:30 ET window. The 12,26,9 MACD line crossed above the signal line mid-session, confirming a shift in momentum. RSI reached 68 at the end of the day, indicating strong bullish momentum, though not yet in overbought territory. A reading above 60 suggests price may still have room to run if demand remains robust.

Volatility Indicators

Bollinger Bands were in a moderate expansion phase from 05:00 to 09:00 ET, followed by a brief contraction in the early afternoon. Price closed near the upper band at the end of the session, suggesting strong conviction in the bullish move. This pattern may hint at a potential pullback or consolidation in the near term, especially if volume does not support further breakouts.

Volume & Turnover

Volume was highly uneven, with the largest spike occurring during the 18:15–18:30 ET block, where over 51 million RSR changed hands. Turnover also surged during this period, aligning with the price breakout. However, after the 22:30 ET hour, volume normalized but remained above average, indicating sustained interest. A divergence between rising price and stable volume emerged in the final 4 hours of the session, which may suggest a slowdown in buying pressure or a consolidation phase.

Fibonacci Retracements

Applying Fibonacci retracement to the key swing from 0.007234 to 0.007946, the 38.2% level was at 0.007549 and the 61.8% level at 0.007746. Price broke through the 61.8% level around 20:30 ET, validating the strength of the move. The 50% retracement level at 0.007590 was also successfully tested and rejected, adding to the case for a continuation above 0.007800.

Backtest Hypothesis

The described backtesting strategy involves a combination of moving average crossovers (e.g., 20-period over 50-period on 15-minute chart) and RSI levels above 50 as entry signals, with stop-loss placed at the nearest Fibonacci retracement level and take-profit set at the next key resistance. The strategy could be validated by applying it to the current week’s data, where a golden cross occurred on 09/17 at 22:30 ET, coinciding with an RSI of 58. This setup resulted in a 14.5% gain before a consolidation phase began. The strategy appears to work in trending conditions but may require additional filters (e.g., volume confirmation or divergence checks) to avoid false signals during choppy periods.