Market Overview for Sign/Tether (SIGNUSDT) - October 8, 2025

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• Price action on SIGNUSDT shows a 24-hour range of 0.06149 to 0.06568, with a closing recovery above 0.06450.
• Momentum has fluctuated significantly, with RSI suggesting overbought and oversold conditions in multiple 15-minute intervals.
• Volume surged during key price swings post-13:00 ET, indicating increased participation in trend continuation.
• Bollinger Bands widened during the morning session, signaling higher volatility and potential for trend formation.
• A bearish engulfing pattern emerged mid-day but was followed by a bullish rebound, showing mixed short-term sentiment.

Opening Narrative

The Sign/Tether pair (SIGNUSDT) opened at 0.06397 on 2025-10-07 12:00 ET and closed at 0.06451 on 2025-10-08 12:00 ET. During the 24-hour period, the price reached a high of 0.06568 and a low of 0.06149. Total volume amounted to 42,814,815.0 while total turnover was 2,763.88. The pair exhibited a choppy but ultimately upward bias in the final hours.

Structure & Formations

Price found strong resistance near 0.0650–0.0656 and support at 0.0638–0.0641 during the 24-hour period. A bearish engulfing pattern emerged around 13:00 ET, indicating a potential reversal in an uptrend, but was followed by a bullish continuation from 14:00 ET onward. A doji pattern formed around 04:00 ET, suggesting indecision. These patterns suggest that the market may consolidate or retest key levels in the near term.

Moving Averages

On the 15-minute chart, the 20-period moving average (SMA) crossed above the 50-period SMA at around 10:30 ET, signaling a short-term bullish bias. The 50-period SMA remained above the 20-period SMA during earlier trading hours, indicating a continuation of a longer-term bearish trend into the morning. Price crossed above both moving averages late in the session, suggesting potential for further upward movement in the near term.

MACD & RSI

The MACD showed strong bullish momentum during the 13:30–15:30 ET window, with the histogram expanding as the pair moved above 0.65. The RSI oscillated between overbought (75+) and oversold (25–) conditions multiple times, most notably at 14:45 ET and 16:00 ET. These fluctuations indicate a high level of volatility and potential for consolidation in the coming hours.

Bollinger Bands

During the morning session, Bollinger Bands widened significantly, with the price testing the upper band at 0.06568 and the lower band at 0.06149. This expansion typically signals increased volatility and the potential for a trend continuation or reversal. The price closed near the middle band, suggesting a possible return to consolidation or a retest of key support/resistance levels.

Volume & Turnover

Volume spiked during key price swings in the late afternoon and early evening, especially from 13:30–15:30 ET, aligning with price moves above 0.0648–0.0650. Notional turnover was highest around 13:30 ET and again at 15:30 ET, suggesting strong participation in bullish price action. A divergence was observed in the early morning session, where volume declined while price continued downward—potentially signaling weakening bearish momentum.

Fibonacci Retracements

Applying Fibonacci retracement levels to the morning low (0.06149) and the afternoon high (0.06568), key levels include 0.06354 (38.2%), 0.06460 (61.8%), and 0.06503 (78.6%). Price closed just below the 61.8% retracement level at 0.06451, suggesting a possible test of 0.06460–0.06470 in the next 24 hours.

Backtest Hypothesis

Given the observed Fibonacci retracement levels and the strong volume confirmation at key price swings, a potential long entry could be placed near the 61.8% retracement at 0.06460, with a stop just below the 0.06427 support level observed during the 16:00 ET candle. A take-profit could be placed at 0.06505, the 78.6% retracement level and morning high. This setup relies on the assumption that the bullish bias observed in the final hours of the session may extend into the next period, particularly if volume remains supportive and RSI does not enter overbought territory prematurely.