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Summary
• Price formed a bullish engulfing pattern at 0.01905–0.01911 after a consolidation phase.
• Volume surged at key breakout levels, confirming renewed buying interest.
• RSI remains neutral around 50, indicating no immediate overbought/oversold conditions.
• Price tested a 0.01894–0.01897 range twice, showing moderate support strength.
Test/Tether (TSTUSDT) opened at 0.01903 on 2025-12-27, hit a high of 0.01914, a low of 0.01889, and closed at 0.01903 by 12:00 ET. Total volume reached 11,551,229.3 and turnover amounted to 218,165.72 over 24 hours.
Structure & Formations
Price action showed consolidation between 0.01894 and 0.01905 before breaking above key resistance at 0.01905 with a bullish engulfing pattern. A bearish doji appeared at 0.01913, hinting at potential profit-taking. The 0.01894 level held as a strong support twice, suggesting a possible base for further bullish momentum.
Moving Averages
On the 5-minute chart, the 20-period and 50-period SMAs crossed above 0.01897 by 12:00 ET, signaling a short-term bullish bias. The 50-period SMA on the daily chart remained flat, suggesting no clear directional bias on a longer time frame.

MACD & RSI
The MACD crossed into positive territory around 07:00–08:00 ET, aligning with the breakout. RSI remained in the 50–55 range all day, suggesting balanced buying and selling pressure. No overbought or oversold conditions were observed, indicating a period of accumulation rather than aggressive trading.
Bollinger Bands
Volatility increased in the late morning with a band expansion following the 0.01905 breakout. Price stayed near the upper band until 09:45 ET before consolidating closer to the middle band. A potential contraction could hint at a period of consolidation ahead.
Volume & Turnover
Volume spiked at 09:45 and 10:00 ET, aligning with the break of 0.01905 and 0.01894 respectively, confirming the move. Turnover was proportionate to volume, with no divergence observed, supporting the strength of the recent bullish bias.
Fibonacci Retracements
The 61.8% retracement level of the morning breakout (0.01905–0.01914) aligned with the key resistance area at 0.01907–0.01909. Price briefly touched this level and pulled back, suggesting a potential ceiling for near-term movement.
Looking ahead, Test/Tether may test the 0.01915–0.01918 level for a continuation of the bullish trend, but a failure to hold 0.01894 could trigger a retest of 0.01889. Investors should remain cautious for volatility shifts or sudden volume spikes that could reverse the current bias.
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