Market Overview for Reserve Rights/Tether (RSRUSDT) – November 10, 2025

Summary
• Price opened at $0.00471 and closed near $0.004753, with a 24-hour high of $0.004808 and a low of $0.004540.
• Volume surged to ~29.5M and turnover showed a divergence during the late afternoon dip.
• A bullish engulfing pattern formed post-19:00 ET, suggesting potential for a short-term reversal.

Market Overview

Reserve Rights/Tether (RSRUSDT) opened at $0.00471 on 12:00 ET-1, rose to a 24-hour high of $0.004808, dipped to a low of $0.004540, and closed at $0.004753. The 24-hour volume was approximately 294.7 million, with a notional turnover of $1.37M. The session displayed choppy intraday action, with a late afternoon rally and a sharp sell-off following the 16:00 ET timeframe.

Structure & Formations

The price structure indicated a strong support zone forming between $0.00466 and $0.00468, tested three times over the past 6 hours. A bullish engulfing candle emerged around 19:00 ET as price closed above the prior candle’s body, hinting at potential short-term bullish momentum. A doji near $0.00478 on 14:00 ET-1 signaled indecision, possibly marking a minor resistance level. The $0.004736–$0.004768 range may become a new consolidation area ahead.

Moving Averages

On the 15-minute chart, the 20-period MA crossed above the 50-period MA twice during the afternoon, forming a potential golden cross. The 50-period MA remains below the 200-period MA on the daily chart, suggesting the broader trend remains neutral but with potential for a bullish breakout.

MACD & RSI

The MACD line crossed above the signal line during the morning hours, confirming a short-term bullish momentum shift. However, by 16:00 ET, the RSI dipped into oversold territory near 30, suggesting the sell-off might be overextended. Momentum appears to have regained ground in the late hours, with RSI rising back above 50.

Bollinger Bands

Volatility expanded significantly after 15:00 ET as the bands widened. Price closed near the upper band on the 15-minute chart, indicating strength. A contraction in the bands occurred pre-14:00 ET, potentially signaling a period of consolidation and a setup for a breakout.

Volume & Turnover

Volume spiked sharply around 15:00 ET as price fell below $0.004678, suggesting increased selling pressure. However, this was not accompanied by a corresponding rise in turnover, pointing to potential divergence. A later volume surge after 19:00 ET confirmed the bullish engulfing pattern and a reversal higher.

Fibonacci Retracements

Key Fibonacci levels on the 15-minute chart included 38.2% at $0.004747 and 61.8% at $0.004784. Price found resistance at the 61.8% level before pulling back. On the daily chart, the 61.8% retracement from the recent high lies near $0.004731, which coincided with a strong support level during the session.

Backtest Hypothesis

The backtesting results suggest a conservative strategy with a 15% take-profit and 10% stop-loss yielded a total return of 40.21% and an annualized return of 6.87%. The max drawdown of 15.70% and Sharpe ratio of 0.53 indicate moderate risk-adjusted returns. Given the volatility seen during the 24-hour period, particularly around the 15:00–16:00 ET window, the parameters may benefit from tighter stops or additional filters based on RSI or volume signals. The close price action and Fibonacci support levels align with the backtest’s assumptions and could serve as a starting point for refining the strategy.