Market Overview for Sign/Tether (SIGNUSDT) – 24-Hour Summary as of 2025-10-10

• SIGNUSDT traded in a tight range overnight before breaking higher midday, closing 0.58% higher at 0.06223.
• High volatility emerged after 17:00 ET, with a sharp dip to 0.06053 before recovering above 0.0615.
• Volume spiked at 15:30 and 15:45 ET as price dipped below 0.0595, indicating potential exhaustion in bearish momentum.
• Bollinger Bands showed a sharp expansion after 15:30 ET, aligning with the largest price swing in 24 hours.
• RSI briefly entered oversold territory at 26.3, but failed to trigger a strong rebound, suggesting muted bearish conviction.

The Sign/Tether (SIGNUSDT) pair opened at 0.06119 on October 9 at 16:00 ET and closed at 0.06223 the next day at 12:00 ET. The 24-hour range extended from a low of 0.05676 to a high of 0.06265, with total trading volume reaching 23,789,275.0 units and notional turnover amounting to $1,482,000. The price action suggests a period of consolidation before a late afternoon breakout attempt.

Structure & Formations

Price action showed key resistance at 0.06265 (high of 13:45 candle) and 0.06229 (high of 22:45 candle). A bearish engulfing pattern emerged at 15:30 ET (0.06104), followed by a long-bodied bearish candle at 15:45 ET. On the 15-minute chart, a bullish hammer pattern appeared at 09:00 ET, suggesting a short-term bottoming process. A doji formed at 00:15 ET, indicating indecision between bulls and bears. Support levels are likely at 0.06115 and 0.06082, both of which acted as floors on multiple occasions.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart were closely aligned, reflecting tight price consolidation. A bullish crossover occurred at 09:00 ET, followed by a retest of 0.0615. On the daily chart, the 50-period MA is above the 100-period and 200-period MAs, indicating a slightly bullish bias in the longer-term trend. However, the fast-moving averages have not yet breached the 50-period level, suggesting continued indecision.

MACD & RSI

MACD showed a bullish crossover at 09:30 ET, with the histogram expanding through 10:30 ET before contracting again. RSI oscillated between 30 and 60, with a brief dip to 26.3 at 15:30 ET before a quick rebound. This suggests bearish exhaustion but not yet a full reversal. RSI remains within its typical range, indicating moderate momentum. Divergence between RSI and price was observed at 15:30 and 16:00 ET, which may hint at potential bearish reversal.

Bollinger Bands

Bollinger Bands showed a tight contraction from 14:00 to 15:30 ET, followed by a sharp expansion as price dropped to 0.05676. This expansion indicates a sudden increase in volatility. The price closed the 24-hour period near the upper band, suggesting short-term bullish momentum. However, the width of the bands suggests continued uncertainty, with potential for a pullback into the mid-band range in the next 24 hours.

Volume & Turnover

Volume was relatively low during the overnight consolidation period but spiked dramatically at 15:30 and 15:45 ET, coinciding with the sharp bearish move. Turnover also increased sharply during this time, reaching $36,729 at 15:45 ET. The divergence between price and turnover at these key moments suggests a potential short-term reversal. Volume and turnover declined again after 16:00 ET, indicating reduced market interest and possible consolidation.

Fibonacci Retracements

Fibonacci retracement levels applied to the 15:30–16:00 ET move indicate a 38.2% level at 0.0599 and a 61.8% level at 0.0609. The price recovered above 0.0609, suggesting rejection at the key 61.8% level. On the daily chart, the 50% retracement level of the previous month's decline is near 0.0624, which may act as a near-term resistance.

Backtest Hypothesis

A potential backtest strategy for SIGNUSDT could focus on breakout entries using Bollinger Band expansions as volatility triggers. A long entry could be initiated when price closes above the upper band, confirmed by a bullish engulfing pattern and increasing volume. A stop loss could be placed below the recent swing low, with a target at the 61.8% Fibonacci level. This approach would aim to capture short-term volatility-driven moves while filtering out false breakouts using RSI divergence as a signal of exhaustion.