Market Overview for Sign/Tether (SIGNUSDT) on 2025-11-13

Summary
• Price action shows a bullish bias with a 1.43% 24-hour rise from 0.03779 to 0.03867.
• Momentum has increased, with RSI rising into overbought territory (85.2).
• Volatility expanded mid-session as prices tested key resistance at 0.0385.
• Notional turnover surged to $11.77 million, up 60% from the previous 24-hour period.
• A bullish engulfing pattern formed after a sharp rebound from support at 0.0378–0.0380.

Sign/Tether (SIGNUSDT) opened at 0.03779 on 2025-11-12 at 12:00 ET and closed at 0.03867 on 2025-11-13 at 12:00 ET. The pair reached a high of 0.04035 and a low of 0.03731 over the 24-hour period. Total volume traded was 13,238,698, and notional turnover reached approximately $11.77 million.

The price action showed a distinct shift in sentiment mid-session as buyers stepped in to defend key support levels around 0.0378–0.0380. This led to a series of bullish candlestick patterns, including a bullish engulfing and a strong pin bar reversal, signaling potential buying interest. On the 20-period moving average, the price has crossed above the 50-period, suggesting a short-term uptrend.

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The 15-minute MACD turned bullish, with a positive divergence forming as price lows continued to rise while the indicator lows fell. RSI reached overbought territory at 85.2, suggesting a potential pullback could be imminent. Bollinger Bands showed a widening of the upper band as volatility increased, and prices remain in the upper third of the band, consistent with a bullish momentum phase. Volume spiked significantly around the 0.0385–0.0387 level, confirming the strength of the recent rally.

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Fibonacci retracement levels highlighted potential resistance and support clusters during the 15-minute swings. The 38.2% level at 0.0383 and 61.8% at 0.0388 acted as dynamic barriers, with price finding support near the former and resistance near the latter. Daily swings from 0.0373 to 0.0387 saw a 61.8% retracement at 0.0381, which held during the session.

Backtest Hypothesis
A backtest hypothesis could involve using the MACD (12,26,9) and 50/200-day moving averages to identify potential entry points. For example, a long signal might be triggered when the 20-period moving average crosses above the 50-period and the MACD line crosses above the signal line—commonly known as a "Golden Cross." Holding the position for five trading days and exiting on a close below the 50-period moving average would provide a simple, mechanical strategy. This approach could be backtested using historical data for 2022–2025 to assess its performance in different market conditions, including bear and bullish phases.

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