Market Overview for SafePal/Tether (SFPUSDT)

• SFPUSDT climbed 2.8% in the last 24 hours, closing near a 24-hour high at 0.3553
• Rising volume and bullish reversal patterns suggest renewed buyer interest in the pair
• RSI edged into overbought territory, with MACD showing narrowing divergence and positive momentum
• Price traded above 20- and 50-period SMAs, with a potential test of 0.3570 resistance ahead
• Volatility expanded near the end of the period, with price stretching to Bollinger Band +1σ levels

SafePal/Tether (SFPUSDT) opened at 0.3484 on 2025-11-01 at 12:00 ET-1 and closed at 0.3553 by 12:00 ET. The pair touched an intraday high of 0.3576 and a low of 0.3434. Total volume for the 24-hour window reached 1,324,444.0, with a notional turnover of approximately $465,627. The price action reflects a strong late-night-to-early-morning rally, with accumulation forming above key support levels.

Structure & Formations

The price structure of SFPUSDT shows a clear shift from bearish consolidation to bullish momentum. A deep green reversal candle formed at 0.3436 on the 15-minute chart, followed by a bullish engulfing pattern as price retested the 0.3455 level. A 38.2% Fibonacci retracement at 0.3512 appears to have acted as a pivot point, with the pair subsequently breaking above the 61.8% retracement at 0.3529. These levels may now become key areas to watch for potential pullbacks or continuation.

Moving Averages and MACD

On the 15-minute chart, the 20-period and 50-period SMAs are bullish-crossover aligned, with price now well above both, suggesting short-term momentum is intact. The 12,26 MACD line turned positive and appears to be flattening, suggesting a potential slowdown in bullish momentum despite the overall upward trend. A bullish MACD crossover remains in effect but may soon signal divergence if the price action does not confirm with a new high.

Relative Strength and Bollinger Bands

The RSI has moved into overbought territory (above 70) for the first time in several hours, indicating some caution is warranted. Price has stretched near the upper Bollinger Band (+1σ) in the last few candles, suggesting elevated volatility. A contraction in the band width could signal a potential reversal, but with the current trend strong, a continuation above 0.3570 is also plausible. A closing above 0.3575 could trigger further bullish expansion.

Volume and Turnover Dynamics

Volume spiked sharply in the early hours of 2025-11-01, particularly between 04:15 and 05:00 ET, during which price moved from 0.3513 to 0.3529. This suggests strong accumulation at the 0.3515–0.3520 level. The total volume of 1,324,444.0 is 12% higher than the 24-hour average, with the highest single-candle volume reaching 132,444.0 at 04:15 ET. The notional turnover of $465,627 reflects strong buyer participation, particularly in the hours following 03:00 ET.

Backtest Hypothesis

Given the recent RSI overbought conditions and positive divergence in the MACD, a backtest based on RSI(14) levels could offer valuable insights into potential entry and exit opportunities. The proposed strategy—short when RSI exceeds 70 and cover when it drops below 50—appears relevant given the current price dynamics. However, the lack of historical RSI data for SFPUSDT from 2022-01-01 to 2025-11-01 prevents an immediate execution. A retry of the data request may resolve the issue, or alternatively, providing a local price dataset would enable a manual RSI computation and subsequent backtest simulation. Once available, this strategy could be applied to assess the viability of such a momentum-based approach in this low-cap pairing.