Market Overview: Tether/Argentine Peso (USDTARS) – 24-Hour Action and Outlook

• USDTARS traded in a narrow range with no directional bias for most of the session, showing no clear breakout.
• Price briefly rallied to a 24-hour high of 1491.9 during late afternoon ET, but reversed sharply in the final hour.
• Volatility increased significantly in the final hour, with over 124,000 trades at the peak.
• RSI reached overbought levels, indicating potential exhaustion in the rally, but no bearish reversal confirmed yet.
• Volume and turnover aligned with price swings in the afternoon, suggesting genuine buying pressure but failed to sustain it.

Tether/Argentine Peso (USDTARS) opened at 1479.1 on 2025-09-16 at 12:00 ET, reached a high of 1491.9 and a low of 1478.9, and closed at 1494.3 as of 12:00 ET on 2025-09-17. Total traded volume was 1,427,444.0 units with a notional turnover of approximately $2.12 billion over the 24-hour period.

Structure & Formations

The 24-hour candlestick pattern for USDTARS showed a choppy session with no clear trend until the final hour. A sharp bullish reversal occurred after the price fell to 1488.2, followed by a rapid rally to 1491.9 and then a continuation to 1494.3, closing the session with bullish momentum. A key support zone appears to be forming around the 1481.2–1482.3 range, with resistance levels at 1488.3 and 1491.9. A bullish engulfing pattern emerged at 1488.2–1491.4, suggesting a short-term reversal from bearish to bullish bias.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages both showed a bullish crossover in the final hour of trading. The 20-period MA crossed above the 50-period MA, signaling short-term bullish momentum. On the daily chart, the 50/100/200 MA structure remains neutral, with no strong directional bias yet established. The price closed above all three moving averages, suggesting it may be testing a long-term support line or consolidation phase.

MACD & RSI

The MACD crossed above the signal line in the final hour, confirming the bullish momentum. The histogram expanded positively during the last hour, aligning with the price action. The RSI reached overbought territory (~72) at the peak of the rally, indicating a potential exhaustion of buying pressure. However, no bearish divergence was observed, and the rally was confirmed by both volume and price. The RSI is currently around 68, still suggesting a bearish pause could be in play.

Bollinger Bands

Volatility expanded significantly in the final hour of the session, with the Bollinger Bands widening to reflect the sharp price move. The price closed just below the upper band, indicating strong buying pressure. The lower band was tested earlier in the session at 1481.5, which appears to have acted as a support zone. The band width expansion suggests the market may be entering a period of increased uncertainty or a potential breakout phase.

Volume & Turnover

Volume spiked during the final two hours of the session, with the highest single 15-minute volume being 124,729.0 units. The largest turnover occurred during the 14:45–15:00 ET window, where the price surged to 1491.4. Volume and price action were in alignment during the final hour, indicating genuine participation and conviction in the move. There was no divergence between price and volume during the rally, reinforcing the bullish case.

Fibonacci Retracements

Key Fibonacci retracement levels were triggered during the late afternoon and early evening hours. The 1488.2 level marked the 61.8% retracement from the previous bearish leg, and the 1491.9 high corresponded to the 161.8% extension of that move. This suggests that traders were likely using these levels as dynamic support and resistance triggers. The 1491.9 high could be a potential target for further bullish momentum, though a pullback to the 1488.2–1482.3 zone may be expected before the next move.

Backtest Hypothesis

A backtesting strategy using the 20/50-period MA crossover on the 15-minute chart could offer an entry trigger during such sessions. Given the recent 20/50 MA crossover and confirmation from MACD and volume, this setup appears to have had a high success rate in the last 12 hours. A trailing stop-loss could be set at 1482.3, with a take-profit target aligned to the 1491.9–1494.3 range. The RSI overbought signal suggests that a pullback may be imminent, offering a second entry opportunity for those with a longer time horizon.