Market Overview for Resolv/Tether (RESOLVUSDT) – 2025-10-06

• Price formed bearish breakdown below key 0.1100 level, closing at 0.1107.
• MACD turned negative with bearish divergence, RSI near 45, indicating fading bullish momentum.
• Volatility expanded with widening Bollinger Bands; volume surged 75% in final 4 hours.
• Key support at 0.1098 tested, with potential for further 0.1085 Fibonacci retest.

Resolv/Tether (RESOLVUSDT) opened at 0.1094 on 2025-10-05 at 12:00 ET, reached a high of 0.1119, a low of 0.1057, and closed at 0.1107 on 2025-10-06 at 12:00 ET. The 24-hour volume was 9,368,803.8 units, with a notional turnover of approximately 993,803 USD, based on the provided OHLCV data.

Structure & Formations

Price action over the 24-hour period revealed a key bearish breakdown from the 0.1100–0.1103 resistance cluster. A bearish engulfing pattern formed around 19:15–19:30 ET on 2025-10-05, followed by a deep pullback to the 0.1065 level. A small doji at 22:00 ET suggested indecision. Price has since bounced off the 0.1065–0.1070 support area, forming a potential base with a retest of 0.1085 as the next immediate target.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are both bearish, with price closing below both. On the daily chart, the 50-period MA remains above the 100- and 200-period MAs, but the recent pullback has brought price closer to the 50–100 MA convergence zone around 0.1082–0.1085. A rebound above this level could trigger a 61.8% Fibonacci retest at 0.1098, while a close below 0.1074 would signal a deeper correction.

MACD & RSI

The 15-minute MACD has turned negative with a bearish crossover confirmed, while RSI remains in the 45–55 range, suggesting weak momentum. A bearish divergence formed on the RSI in the early hours of 2025-10-06, reinforcing the likelihood of a continued pullback. The MACD histogram has been contracting in the negative territory, indicating reduced bearish pressure but no clear reversal signal yet.

Bollinger Bands

Bollinger Bands have expanded significantly from a narrow range at 0.1065–0.1075 to a wide band of 0.1057–0.1119, reflecting increased volatility. Price has spent much of the last 24 hours in the lower half of the bands, indicating a bearish bias. A break above the upper band at 0.1116–0.1119 would trigger a sharp reversal signal, while a sustained move below the lower band would confirm bearish momentum.

Volume & Turnover

Volume surged in the final 4 hours of the 24-hour period, with the 14:15–16:00 ET range showing over 2.5 million units traded. Notional turnover reached a peak of 274,363 USD during the 14:45–15:00 ET hour. The increase in volume has generally confirmed the downward price action, with no notable divergence. This suggests continued bearish conviction among traders.

Fibonacci Retracements

Key Fibonacci levels from the 0.1057–0.1119 swing include 0.1085 (38.2%), 0.1098 (61.8%), and 0.1113 (78.6%). Price has recently bounced off the 38.2% retracement level and is testing the 61.8% level. A close above 0.1098 would confirm a short-term bounce, while a breakdown below 0.1085 would indicate a deeper correction. Daily retracement levels from the recent high of 0.1116 suggest further support at 0.1099 and 0.1083.

Backtest Hypothesis

Based on the identified Fibonacci levels and the bearish divergence in RSI, a potential short-term trading strategy could involve a sell entry at the 61.8% retracement level (0.1098) with a stop-loss above the 78.6% level (0.1113). A take-profit target at 0.1085 could align with the next Fibonacci support level, while a second profit target at 0.1074 could be set for extended bearish momentum. This setup would aim to capture a potential pullback in a controlled manner, leveraging the bearish divergence and key support levels for risk management.