Market Overview for Tether/Argentine Peso (USDTARS) – 2025-11-06

Summary
• Price opened at 1499.9 and reached a high of 1502.1, closing at 1501.5.
• Volatility expanded late in the day, reaching a 24-hour low of 1495.0.
• Volume spiked during key retracement levels.

Tether/Argentine Peso (USDTARS) opened at 1499.9 on 2025-11-05 at 12:00 ET, peaked at 1502.1, and closed at 1501.5 at 12:00 ET on 2025-11-06. The 24-hour volume was approximately 968,675, with a total notional turnover of roughly 1,457,244,000 ARA.

Structure & Formations

The price action displayed a bearish reversal pattern at the top of a short-term bullish trend around 1500.0. A bearish engulfing pattern appeared at 1497.3, followed by a doji near the 1496.0 level, suggesting indecision and potential support. A bullish flag pattern formed in the final hours of the day, signaling a possible continuation of upward movement.

Moving Averages

On the 15-minute chart, the 20-period MA (1499.7) crossed below the 50-period MA (1499.6), indicating a bearish bias early in the session. By the end of the day, the 20-period MA had returned to 1500.6, crossing above the 50-period MA, showing a potential short-term reversal. On the daily chart, the 50/100/200-period MAs were aligned around 1499.9–1500.2, suggesting a consolidation phase.

MACD & RSI

The MACD line crossed into bearish territory early on but ended the day with a positive crossover, aligning with the price rally in the final hours. RSI remained in overbought territory for most of the session, peaking near 70 before retreating to 65. The RSI divergence in the afternoon suggested a possible near-term correction, but the final rebound invalidated the bearish signal.

Bollinger Bands

Bollinger Bands displayed a moderate contraction early in the session but expanded in the late hours, reaching a 24-hour range of ~5.1 ARA. Price traded near the upper band for much of the session, indicating strong momentum. In the final 4 hours, the price traded close to the lower band, suggesting oversold conditions and potential for a rebound.

Volume & Turnover

Volume spiked during key price swings, particularly around 19:30 ET (1496.5) and 23:45 ET (1496.0), where large-volume sell-offs occurred. Despite the high volume, price consolidation was evident in the last 6 hours of the session, indicating reduced bearish conviction. The turnover-to-volume ratio increased in the final hours, signaling stronger buyer participation.

Fibonacci Retracements

Applying Fibonacci retracements to the 1495.0–1502.1 swing, the 61.8% level (1500.0) coincided with strong resistance. Price rebounded off this level in the final hours of the day and closed near the 78.6% retracement at 1501.5. This suggests a short-term bullish bias, with the next potential resistance at the 1502.1 high.

Backtest Hypothesis

Given the strong retracement behavior and bearish-to-bullish reversal patterns observed today, a support-based backtest could be designed as follows: define support as the most recent swing low over the last 60 candles (e.g., 15 hours on a 15-minute chart). Entry would occur when price closes below this level and rebounds with volume confirmation. A fixed 1.5% take-profit and 1.5% stop-loss could be used to manage risk. This strategy could be tested on USDTARS and similar stablecoin crosses to evaluate its performance over the past year.