Market Overview: Test/Tether (TSTUSDT) 24-Hour Analysis

• TSTUSDT surged from 0.03192 to 0.03402 in 24 hours, closing near 0.03305 with strong bullish momentum.
• Price formed a bullish engulfing pattern near 0.03155 and broke key resistance at 0.03201, validating a short-term upturn.
• Volatility expanded after 19:30 ET, with a 0.03152–0.03109 selloff followed by sharp recovery.
• MACD turned positive at 0.0324, RSI crossed 50 and approached 57, indicating moderate bullish momentum.
• Volume spiked sharply during the 0.03109–0.03253 rebound, confirming the breakout above key support.

Test/Tether (TSTUSDT) opened at 0.03192 on 2025-10-05 12:00 ET and closed at 0.03305 at 12:00 ET on 2025-10-06. The price reached a high of 0.03402 and a low of 0.03109. Total volume over 24 hours was 245,178,528.9, with a notional turnover of $7,932,147.3 (calculated as volume × price).

The candlestick structure showed a strong short-term reversal with a bullish engulfing pattern at 0.03155 and an inside bar at 0.03235–0.03226. A key resistance at 0.03201 was tested and broken, followed by a sharp bounce off 0.03109, confirming a strong short-term upturn. The 20-period EMA on the 15-minute chart crossed above the 50-period EMA, signaling bullish momentum. The 50-period daily EMA stood at 0.03266, indicating that the move above 0.03201 is a meaningful breakout.

MACD turned positive at 0.0324 and remained in bullish territory, suggesting continuation. RSI crossed 50 and climbed to 57, indicating moderate overbought conditions but not extreme. Bollinger Bands showed a recent expansion following the 0.03109 low, with price currently sitting just below the upper band at 0.03350–0.03305. The mid-band is at 0.03278, and price may test the 0.03350 upper band in the next 24 hours.

Fibonacci retracement levels from the 0.03109–0.03402 move identified key levels at 0.03209 (38.2%), 0.03285 (50%), and 0.03350 (61.8%). Price is currently near 0.03305, with the next target at 0.03350–0.03385.

Backtest Hypothesis

The described strategy targets short-term breakouts using a combination of moving averages, MACD, and key Fibonacci levels. A buy signal would trigger when the 20-period EMA crosses above the 50-period EMA, MACD turns positive, and price breaks above a Fibonacci retracement level. A sell signal would occur when the 20-period EMA crosses below the 50-period EMA or RSI hits 65–70. Based on the 24-hour data, this strategy would have entered long at 0.03235–0.03226 and exited near 0.03305. A backtest using this logic would likely show positive returns over the past week, provided entries are filtered for high volume and low volatility contraction.