Market Overview for Sign/Tether (SIGNUSDT) on 2025-10-07

• Sign/Tether traded in a 24-hour range of $0.06356 to $0.06889, with price closing near 61.8% Fibonacci level.
• RSI shows moderate momentum, with no overbought or oversold extremes observed.
• Volatility expanded in the morning with a large bullish candle post-00:30 ET.
• Volume surged over 3 million at peak, but turnover confirmed price action during key moves.
• A bearish engulfing pattern formed near $0.06695, suggesting short-term resistance.

24-Hour Price Summary and Context

Sign/Tether (SIGNUSDT) opened at $0.067 on 2025-10-06 at 12:00 ET and reached a high of $0.06889 before closing at $0.0664 at 12:00 ET on 2025-10-07. Over the 24-hour period, the pair traded between $0.06356 and $0.06889. Total volume amounted to approximately 25,403,274, while total turnover stood at $1,664,985. Price activity showed clear directional shifts during the early morning and late afternoon, with notable volatility and volume spikes.

Structure & Formations

Price action revealed key levels of interest. A bearish engulfing candle formed at $0.06695 during the 12:30 ET time frame, suggesting rejection from this level. A bullish engulfing pattern followed at $0.06643 during 00:30 ET, indicating accumulation after a significant pullback. A doji candle at $0.06677 (21:30 ET) signaled indecision. Strong resistance appears near $0.06695–$0.067, with support forming in the $0.0664–$0.0665 range. These levels may continue to influence near-term direction.

Moving Averages and MACD/RSI

On the 15-minute chart, the 20-period MA (0.0666) and 50-period MA (0.0667) were closely aligned, showing a neutral bias. The 15-minute MACD showed a small positive divergence during the 00:30–02:00 ET window, hinting at potential bullish momentum. RSI fluctuated between 50 and 60 most of the day, with no clear overbought or oversold conditions. On the daily chart, the 50-period MA (0.0668) and 200-period MA (0.0665) were nearly overlapping, suggesting a potential consolidation phase.

Bollinger Bands and Fibonacci Retracements

Volatility increased significantly between 00:30 and 03:00 ET, with price breaking above the upper Bollinger Band. This expansion was confirmed by a large volume spike. Price then retracted and closed near the 61.8% Fibonacci level from the $0.0664–$0.06889 swing. This level may offer support or resistance depending on the next directional move. The 38.2% and 50% levels are at $0.0676 and $0.0673, respectively, offering additional key watchpoints.

Volume and Turnover Insights

Volume spiked sharply after midnight, peaking at over 3 million during the 00:30 ET candle, coinciding with a bullish break above the Bollinger Band. However, turnover dropped slightly after 03:00 ET despite continued upward movement, hinting at potential divergences in conviction. In the afternoon, volume was more evenly distributed but with no clear confirmation of a breakout attempt. Price and volume appear aligned during key moments, supporting the strength of the morning move.

Backtest Hypothesis

A backtest strategy could be designed to exploit the morning break above the Bollinger Band and subsequent consolidation at key Fibonacci levels. A long entry could be triggered on a close above $0.06693, with a stop loss placed below $0.0664. A target could be set at $0.0673–$0.0675, aligning with the 50% and 61.8% retracement levels. This setup would benefit from the current balance between momentum and structure.

Forward-Looking View and Risk

Looking ahead, traders may watch for a test of the $0.06695–$0.067 resistance zone. A sustained break above this level could trigger a retest of the $0.0673–$0.0675 area, while a failure to hold above $0.0664 may lead to further consolidation or a pullback. Investors should remain cautious about potential volatility shifts and divergence between volume and price, which may indicate uncertain market sentiment.