Market Overview for Test/Tether (TSTUSDT) – 2025-10-03 12:00 ET

• Test/Tether (TSTUSDT) formed a bullish reversal pattern after hitting a 24-hour low of $0.03181.
• Price surged past 0.03412, reaching a high of 0.03940 with increasing momentum in the early morning ET.
• RSI moved into overbought territory, while volume spiked during the late-night rally to 0.03940.
• Bollinger Bands showed a volatility expansion during the 12:00–06:00 ET window, suggesting a breakout.
• A divergence between price and turnover occurred during the sell-off below 0.03405, raising caution for potential consolidation.

Test/Tether (TSTUSDT) opened at $0.03181 on 2025-10-02 12:00 ET and closed at $0.03319 on 2025-10-03 12:00 ET, with a high of $0.03940 and a low of $0.03181. Total trading volume for the 24-hour period was 266,333,703.0 units, with notional turnover reaching $9,224,910.80. The price action reflects a volatile session driven by late-night and early morning strength.

The price action featured a key bullish reversal formation around $0.03405–0.03425, where a bullish engulfing pattern followed a bearish breakdown attempt. A doji appeared near $0.03340, signaling potential exhaustion in the downward move. Notable resistance levels emerged at $0.03500 and $0.03650, both tested and broken during the late-night surge. On the 15-minute chart, the 20-period and 50-period moving averages trended upward after 2025-10-02 19:00 ET, with the 50-period MA crossing above the 20-period MA to confirm a bullish bias.

Relative strength index (RSI) reached 70.3 during the late-night rally, entering overbought territory and raising the likelihood of a pullback or consolidation. However, the RSI did not form a bearish divergence with price, which supports the idea that momentum remains intact. Moving average convergence divergence (MACD) turned positive and showed a growing histogram, indicating sustained bullish momentum. Volatility expanded significantly during the 23:30–02:00 ET window, as shown by the Bollinger Bands, and price traded above the upper band during the peak rally near $0.03940.

Fibonacci retracement levels from the swing low of $0.03181 to the swing high of $0.03940 aligned with key psychological and structural levels. The 61.8% retracement at $0.03586 and 78.6% at $0.03775 were both tested during the session, with the 61.8% level acting as a pivot for a potential consolidation phase. The 38.2% level at $0.03402 served as a strong support area. On the daily chart, the 50-period and 200-period moving averages suggest a neutral to bullish bias in the broader context.

Backtest Hypothesis
A potential backtest could evaluate a breakout strategy triggered by price crossing above the upper Bollinger Band combined with an RSI above 60 and a bullish engulfing pattern. Stops could be placed just below the 20-period moving average, with take-profit targets aligned to Fibonacci 61.8% and 78.6% levels. Given the volatility and confirmation from multiple indicators, this approach might offer a high-probability trade for the next 24–48 hours, provided liquidity and volume continue to support the trend.