Market Overview for Tensor/Tether (TNSRUSDT)

• Tensor/Tether (TNSRUSDT) traded in a tight range early before a late-day rally pushed price 1.8% higher by 12:00 ET.
• Key support at $0.1004 held, but price broke above $0.1017, forming bullish engulfing and higher highs into Tuesday morning.
• Volume surged in the final 6 hours, with notional turnover peaking at $10.3 million as buying pressure accelerated.
• RSI moved from oversold into neutral territory, while MACD turned positive, signaling improving momentum.
• Volatility expanded after 21:00 ET, as Tensor/Tether pushed beyond the upper Bollinger Band for the first time in 24 hours.

At 12:00 ET on September 22, Tensor/Tether (TNSRUSDT) opened at $0.1013 and traded between $0.0991 and $0.1033 over the next 24 hours, closing at $0.1030 at 12:00 ET on September 23. Total volume was 2,295,720.7 units, with a notional turnover of $237,496. Price action reflected a strong late-day breakout driven by increased buying pressure and narrowing consolidation prior to the move.

Structure & Formations

Tensor/Tether’s 15-minute OHLC data revealed a series of bearish and bullish consolidations throughout the session. A key support level at $0.1004 held through the early part of the session, with a few false breakouts that were quickly reversed. A bullish engulfing pattern formed around $0.1006–$0.1008 at 22:30 ET, followed by a higher high at $0.1017. Later in the session, Tensor/Tether pushed beyond key resistance at $0.1026 and $0.1030 with minimal retracement, suggesting growing conviction in the uptrend.

Moving Averages

On the 15-minute chart, Tensor/Tether closed above both the 20-period (0.1012) and 50-period (0.1008) moving averages, indicating short-term bullish momentum. On the daily chart, the 50-period (0.0983), 100-period (0.0979), and 200-period (0.0972) moving averages all remain well below current price levels, reinforcing a mid-to-long-term bullish bias.

MACD & RSI

The MACD crossed above the zero line around 21:00 ET and remained positive into the close, indicating strong momentum. RSI, which had been in oversold territory early in the session (below 30), rose to 53 by the end of the period, signaling neutral to mildly bullish momentum. The divergence between RSI and price was minimal, suggesting the rally is backed by broad demand.

Bollinger Bands

Volatility increased notably after 21:00 ET, with Bollinger Bands widening to reflect higher trading ranges. Tensor/Tether pushed above the upper band at $0.1033 near the session’s end, a sign of strong buying pressure. The lower band at $0.1004 served as a key floor, with several candle closes near this level reinforcing its significance.

Volume & Turnover

Volume expanded significantly in the final six hours of the session, reaching a peak of 212,906.7 units at 15:15 ET. Notional turnover also surged, with the highest volume of $237,496 occurring during the late rally. The volume spike coincided with higher prices and a narrowing of the bid-ask spread, suggesting institutional or large-scale buying.

Fibonacci Retracements

Applying Fibonacci retracement levels to the recent swing low at $0.1004 and swing high at $0.1033, key levels at 38.2% ($0.1019) and 61.8% ($0.1026) appear to have been respected by buyers. Price paused briefly at both levels before continuing higher, suggesting these retracements act as dynamic support. If the trend continues, the next target could be the 78.6% level at $0.1031, which is close to the session high.

Backtest Hypothesis

The proposed backtest strategy involves entering long positions when Tensor/Tether breaks above the 20-period EMA on the 15-minute chart, with a stop-loss placed just below the 50-period EMA. This would have triggered a buy signal around 22:30 ET when Tensor/Tether closed above the 20 EMA at $0.1008. A stop-loss at $0.1006 would have been hit during a minor pullback, but the position could have been re-entered at $0.1013 as volume surged and momentum confirmed the breakout. The target for this strategy would be the 38.2% Fibonacci level at $0.1019, which was successfully reached by the close. The strategy would benefit from trailing stops as volatility increases and the price moves beyond prior highs.