Summary
• Price formed a bullish engulfing pattern near 0.0860, suggesting short-term strength.
• Volatility increased after 18:00 ET, with volume surging on the 0.0880–0.0906 range.
• RSI hit neutral territory, while MACD remained above zero, indicating possible bullish momentum.
• Bollinger Bands widened mid-day, reflecting rising market participation and uncertainty.
• Fibonacci 61.8% level at 0.0891 offered strong support, with price bouncing off it twice.
24-Hour Performance
At 12:00 ET – 1, Tensor/Tether (TNSRUSDT) opened at 0.0871 and traded between 0.0860 and 0.0906 over the next 24 hours, closing at 0.0901 by 12:00 ET. Total volume reached 16.15 million, with a notional turnover of $1.46 million.
Structure & Momentum
Tensor/Tether showed a strong reversal near 0.0860 with a bullish engulfing pattern. A key breakout above 0.0900 was confirmed by a close above the 50-period EMA, with MACD showing positive divergence. The 0.0891 support level coincided with the 61.8% Fibonacci retracement, adding credibility to its bounce.
Volatility and Trading Pressure
Bollinger Bands widened significantly after 18:00 ET, indicating growing volatility. A large-volume candle at 0.0906 suggested institutional involvement or strong buying pressure.
Notional turnover rose with price, confirming the strength of the move higher.
Forward Outlook
Tensor/Tether appears to be consolidating above key resistance. A close above 0.0915 could trigger further upward momentum toward 0.0930. However, a pullback below 0.0891 may test the 0.0880 support level, which has held before. Investors should remain cautious as volatility remains high.
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