Market Overview for Sign/Tether (SIGNUSDT) – 2025-11-02

• SIGNUSDT experienced a bearish reversal from intraday highs near $0.0377, with price closing near support at $0.0366.
• RSI-14 overbought conditions early in the session failed to trigger a strong continuation, indicating weakening momentum.
• Volatility expanded mid-session but contracted sharply in the final 6 hours, suggesting a potential consolidation phase.
• Volume distribution remained uneven, with strong selling pressure evident in the last 3 hours before 12:00 ET.

24-Hour Summary

Sign/Tether (SIGNUSDT) opened at $0.03702 on 2025-11-01 12:00 ET and reached an intraday high of $0.03782 before declining to a low of $0.03653, closing at $0.03663 by 12:00 ET on 2025-11-02. Total volume amounted to 13,284,931 tokens, with a notional turnover of approximately $479,118 (assuming USDT value). The pair showed signs of bearish fatigue and potential near-term consolidation.

Structure & Formations

Price formed a bearish key reversal pattern in the last 30-minute candle at 14:30–15:00 ET, confirming a breakdown from the $0.0370–0.0372 consolidation. A 61.8% Fibonacci retracement level at $0.0371 acted as short-term resistance but failed to hold. A bearish engulfing pattern emerged at 14:45–15:00 ET, supporting a potential continuation to the downside.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart were in a bearish crossover by the afternoon session, with price below both. On the daily chart, the 50/200-day MA crossover remains bullish, but the 20-period MA is beginning to flatten, suggesting a potential divergence between short and long-term sentiment.

MACD & RSI

The MACD line crossed below the signal line just before 14:00 ET, reinforcing the bearish bias. RSI-14 peaked above 70 early in the session but failed to maintain above 60 for more than 3 hours. By the 16:00 ET candle, RSI had fallen into oversold territory (below 30), suggesting possible short-term buying opportunities, though with elevated volatility.

Bollinger Bands

Volatility expanded between 13:00–15:00 ET, pushing price outside the upper band briefly before reversing into the lower band. By the final hour of the session, price moved into the lower third of the bands, signaling potential oversold conditions and possible mean reversion.

Volume & Turnover

Volume spiked at 14:30–15:00 ET with a 330,000+ token candle, confirming the breakdown. However, turnover (notional) failed to rise proportionally, indicating weaker conviction from large participants. Divergence between volume and price was evident in the final 2 hours, hinting at order book fatigue.

Fibonacci Retracements

Key Fibonacci levels for the recent 15-minute swing (0.0365–0.0378) include 38.2% at $0.0373 and 61.8% at $0.0370. The 1.0 extension at $0.0366 was tested and rejected, suggesting it could become a new support level. Daily retracement levels from the $0.0365–0.0378 range are forming a potential consolidation zone.

Backtest Hypothesis

The backtest strategy described relies on RSI-14 as a momentum oscillator to identify potential oversold entries for a holding period of 3 trading days. While RSI-14 for SIGNUSDT showed a similar overbought-oversold dynamic during the session, a critical requirement for the backtest is a valid price series. The reference to “HOLD.P” encountered data retrieval issues, likely due to an invalid ticker symbol or lack of coverage in the data source. To proceed with the RSI-based backtest for 2022–2025, it is necessary to confirm or replace the ticker with one that has continuous price data. Once the data is available, the RSI-14 could be used to trigger long positions at oversold levels (<30), with a 3-day holding period, potentially validating a mean-reversion strategy in volatile assets like SIGNUSDT.

Forward-Looking View & Risk Caveat

Looking ahead, if SIGNUSDT holds above $0.0365, a rebound into the $0.0368–0.0371 range appears likely, especially with RSI signaling oversold conditions. However, a breakdown below $0.0365 could trigger a retest of key support at $0.0363–0.0362. Investors should remain cautious, as divergence between volume and price action in the last 3 hours suggests weakening momentum.