Market Overview: Sign/Tether (SIGNUSDT) 24-Hour Technical Analysis

• SIGNUSDT opened at 0.07629 and closed at 0.07914, reaching a 24-hour high of 0.08088 and a low of 0.07606.
• Price surged above the 0.07700 psychological level and broke above the 15-minute Bollinger Band upper edge, signaling rising volatility.
• Total volume hit 18.2 million, with turnover rising above $1.4 million, indicating growing short-term interest.
• RSI hit overbought territory near 70, while the MACD line crossed above the signal line, suggesting bullish momentum.
• A bullish engulfing pattern formed at 0.07600-0.07620, reinforcing a possible reversal from earlier bearish pressure.

Price Movement and Structure

Sign/Tether (SIGNUSDT) opened at 0.07629 on 2025-09-17 at 12:00 ET, and closed the 24-hour period at 0.07914 on 2025-09-18 at 12:00 ET. The pair surged to a high of 0.08088 and dropped to a low of 0.07606, registering a 24-hour total volume of 18,236,186 and a turnover of $1,444,572. This marks a sharp reversal from bearish pressure earlier in the day to strong bullish continuation.

Support and Resistance

Key support levels appear at 0.07600–0.07620 and 0.07700–0.07720, where multiple bullish engulfing and hammer patterns formed. On the resistance side, 0.07800 and 0.07900 are critical levels, with the former showing rejection and the latter being a recent breakout. A bearish doji appeared near 0.07800, suggesting possible consolidation.

Moving Averages and Momentum Indicators

On the 15-minute chart, the 20-period MA crossed above the 50-period MA, forming a bullish “golden cross.” The 50-period MA is currently at 0.0774, and the 100-period MA is at 0.0778. RSI reached overbought levels near 70, indicating strong momentum. MACD crossed above the signal line with positive divergence, reinforcing the potential for further gains.

Bollinger Bands and Volatility

Price expanded above the upper Bollinger Band and briefly touched 0.08088, indicating a volatility expansion phase. The lower band hovered around 0.07600, where price found support multiple times. This suggests a period of consolidation before a potential breakout.

Volume and Turnover Analysis

The 24-hour volume spiked significantly in the early hours of the morning, particularly around 04:30 ET, where a 15-minute candle closed at 0.07801 with volume of 1,260,010. Turnover mirrored volume spikes, suggesting strong buying interest. Price and turnover moved in tandem, with no notable divergence, supporting the bullish narrative.

Fibonacci Retracements

Applying Fibonacci retracements to the recent 15-minute swing from 0.07606 to 0.08088, key levels of 0.07755 (38.2%), 0.07855 (50%), and 0.07935 (61.8%) were all tested. Price briefly found resistance at 0.07900 and 0.08000, suggesting possible continuation or consolidation ahead.

Backtest Hypothesis

A potential backtest strategy involves entering a long position when price closes above the 50-period MA on the 15-minute chart, with a stop-loss placed at the nearest support level (e.g., 0.07700–0.07720). A take-profit target could be set at 0.07900 (50% retracement level) or the upper Bollinger Band, depending on market conditions. This approach aligns with the observed golden cross, RSI overbought levels, and volume confirmation, suggesting a high probability of success during strong momentum periods.