Market Overview: Tether/Argentine Peso (USDTARS) – 24-Hour Analysis

• • Price opened at 1476.0 and closed at 1478.8 after a 24-hour trading session.
• • A midday dip to 1473.1 followed by a strong rebound to 1480.7 highlighted volatile price action.
• • Volume remained relatively steady throughout, with no clear divergence from price.
• • The RSI and MACD showed moderate momentum but no clear overbought or oversold conditions.
• • Bollinger Bands widened as the price tested key levels, indicating increased volatility.

Tether/Argentine Peso (USDTARS) opened at 1476.0 on 2025-09-13 at 12:00 ET and closed at 1478.8 on 2025-09-14 at 12:00 ET. The pair reached a high of 1480.7 and a low of 1473.1, with total volume of 304,155.0 and total turnover of 447,868,618.0 in the 24-hour period.

Structure & Formations

The price structure revealed a clear intra-day pullback and bounce pattern. A mid-day bearish candle at 1473.1 was quickly reversed, leading to a bullish consolidation around 1478.0–1479.0. A few bearish engulfing patterns were observed during the early morning hours, while the final two hours showed a strong bullish consolidation. Notable support levels include 1475.0 and 1478.0, while key resistance levels are at 1480.0 and 1480.7. A potential double-bottom structure could be forming at 1473.0–1473.1.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages showed a narrowing gap, with the 20 SMA briefly crossing above the 50 SMA, signaling short-term bullish momentum. On the daily chart, the 50 SMA appears to be acting as dynamic support, while the 200 SMA remains a distant resistance above current price levels.

MACD & RSI

The MACD histogram showed a slight expansion into positive territory after the 1478.0 level was reached, suggesting a pickup in bullish momentum. The RSI oscillated between 55–65 for most of the session, indicating a neutral to moderately bullish bias, though no overbought condition was reached. A divergence between RSI and price was not observed, suggesting the current bullish trend may hold for the next 24 hours.

Bollinger Bands

Volatility expanded during the 24-hour period, with Bollinger Bands widening from a range of 1474.0–1476.0 to 1473.1–1480.7. The price closed near the upper band at 1480.7, which could indicate a potential reversal or continuation of the trend depending on the next session's open. The narrowing band earlier in the session suggested a consolidation phase before the breakout.

Volume & Turnover

Volume was relatively stable, with no clear spikes. The most significant trade activity occurred in the midday to early evening hours, especially between 14:00 and 16:00 ET, as the price rebounded from 1473.1 to 1480.7. Notional turnover aligned well with price action, indicating that buying pressure was confirmed by volume. No clear divergence was observed between price and volume, supporting the reliability of the current trend.

Fibonacci Retracements

Applying Fibonacci levels to the most recent 15-minute swing (from 1473.1 to 1480.7), the 1476.0 and 1479.0 levels correspond to the 38.2% and 61.8% retracements, respectively. These levels appear to be strong support and resistance points. The price closed just below the 61.8% retracement, suggesting it could face near-term resistance unless a bullish breakout occurs.

Backtest Hypothesis

Based on the observed structure and the alignment of Fibonacci levels with key moving averages, a potential backtest strategy could involve a breakout entry above the 1480.0 resistance with a stop-loss just below 1478.0. A target could be set at the next Fibonacci level above 1480.7. This strategy would rely on the assumption that the recent bullish momentum has enough strength to carry the price through the next major resistance level without a sharp retracement. The MACD and RSI confirm the trend strength, and volume supports the integrity of the breakout signal. This hypothesis could be tested on a 30-minute or 1-hour chart with a trailing stop for risk management.