Market Overview: Tensor/Tether (TNSRUSDT) – 24-Hour Summary as of 2025-10-14 12:00 ET

• Tensor/Tether (TNSRUSDT) broke key resistance near 0.0780 but failed to hold it, closing below after a volatile 24-hour session.
• Momentum indicators show overbought conditions in the midday push but weakening as bearish pressure resumed.
• Volatility spiked sharply during the 0.0780–0.0785 range, indicating a critical area of interest for potential reversals.
• Notional turnover (TNSRUSDT) reached $61.5 million, suggesting active participation and speculative positioning.
• A bearish engulfing pattern formed near 0.0780, signaling a possible short-term reversal in buyer momentum.

Tensor/Tether (TNSRUSDT) opened at 0.0754 on October 13 at 12:00 ET and reached a high of 0.0788 before closing at 0.0717 as of 12:00 ET on October 14. The pair experienced a volatile 24-hour swing with a total volume of 9.9 million TNSR and a notional turnover of approximately $61.5 million, driven by sharp moves in the 0.0760–0.0790 range.

The candlestick pattern over the last 24 hours shows a bearish bias following a failed breakout attempt above the 0.0780 level. A bearish engulfing candle appeared on the 15-minute chart near the high of 0.0788, indicating a shift in sentiment from bullish to bearish. Notably, the price struggled to maintain above the 0.0765 level in the latter half of the session, which appears to have acted as a critical psychological and technical support zone.

In terms of momentum, the RSI (14-period) on the 15-minute chart showed overbought conditions during the midday surge, reaching levels above 70, only to reverse sharply as selling pressure emerged. MACD also showed a bearish crossover in the latter part of the session, confirming the downtrend. Volatility, as measured by Bollinger Bands, expanded during the breakout attempt and has since contracted, suggesting a potential pause or consolidation period.

Key support levels to watch in the next 24 hours include 0.0740 (psychological), 0.0736 (recent low), and 0.0720 (potential next target). Resistance remains at 0.0765 and 0.0770. A break below 0.0720 could accelerate bearish momentum. Investors should also watch for Fibonacci retracement levels of 61.8% and 38.2% on the recent 0.0717 to 0.0788 swing, which are at 0.0743 and 0.0763, respectively.

The RSI and MACD indicators, which are key to assessing the backtesting strategy, show clear signals of exhaustion and bearish momentum during the final hours of the 24-hour window. Given the failed breakout and subsequent breakdown, the market appears to favor sellers at current levels.

Backtest Hypothesis

Given the RSI’s overbought conditions during the midday rally and the MACD’s bearish crossover in the afternoon, a backtesting strategy based on RSI overbought levels (e.g., above 70) and a 3-day holding period could have been triggered on several 15-minute intervals during the rally. For example, at 0.0788, RSI crossed 70 and remained overbought, suggesting a sell signal for the 3-day hold. However, the strategy would have been bearish during the post-peak sell-off, which aligns with the price action. To proceed with a precise backtest, we require the exact trading symbol and RSI parameters to be confirmed.