Market Overview for Tether/Argentine Peso (USDTARS) - September 15, 2025

• USDTARS rose to a 24-hour high of 1485.9, closing at 1486.3 with strong volume and momentum in the final hours.
• Price consolidated within a 1473.6–1485.9 range, with key resistance at 1483.3 and support at 1476.0.
• Final 15-minute candle closed higher with bullish confirmation, ending the session with a 1.6% gain.
• Volume surged in the last 4.5 hours, peaking at 78,168 contracts during a sharp 1482.0–1485.9 rally.
• RSI approached overbought territory, suggesting potential pullback or continuation on strong follow-through.

Tether/Argentine Peso (USDTARS) opened at 1475.2 on 2025-09-14 12:00 ET and rose steadily to reach a high of 1485.9 by 15:15 ET. The 24-hour low was 1473.6, with a final close of 1486.3 at 12:00 ET. Total volume for the session was 1,252,803 contracts, with a notional turnover of $1,848,085,519, based on average prices.

Structure & Formations

Over the past 24 hours, USDTARS formed a bullish flag pattern within the 1476.0–1485.9 range, with a breakout occurring around 14:30 ET on September 15. Key resistance was established at 1483.3, 1484.7, and 1485.9, while support levels were noted at 1476.0, 1475.3, and 1473.6. A large bullish engulfing pattern emerged between 14:30 and 14:45 ET, confirming the breakout. A doji appeared near 1475.9 at 19:30 ET, signaling a potential short-term reversal.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages were closely aligned, with price crossing above both during the breakout phase. This confirmed a short-term bullish trend. On the daily chart, the 50-period MA was below the 100 and 200-period MAs, suggesting a longer-term consolidation phase, though the recent rally may signal a possible retest of the 1483.3–1485.9 level.

MACD & RSI

The MACD turned bullish around 14:00 ET, with a positive crossover followed by a widening histogram, confirming the strength of the recent move. RSI moved into overbought territory above 70 near the close, indicating potential for a near-term pullback or consolidation unless the momentum remains strong. A divergence was not observed in RSI, suggesting the uptrend could continue, provided volume supports further buying.

Bollinger Bands

Price remained within the Bollinger Bands for most of the session, with the exception of the final 4.5 hours when it broke out to the upper band. Volatility expanded during the breakout phase, with the bands widening as volume surged. Price has remained near the upper band since 14:30 ET, indicating high volatility and bullish continuation pressure unless a retest of the lower band occurs.

Volume & Turnover

Volume increased dramatically during the breakout, with the heaviest trading occurring between 14:30 and 16:00 ET. The final 15-minute candle had the highest volume of the session (78,168 contracts), with a close near the high of 1485.9. Notional turnover spiked in this period, aligning with the price action. There was no divergence between price and volume, suggesting strong conviction in the move higher.

Fibonacci Retracements

Fibonacci levels applied to the 1473.6–1485.9 swing show key retracement levels at 38.2% (1480.0) and 61.8% (1476.6), both of which were tested during the consolidation phase. The 1485.9 high represents a full 100% extension of the prior range, suggesting a potential target if the trend continues. A retest of the 1480.0 level is likely before further gains are made.

Backtest Hypothesis

A potential backtesting strategy involves entering long positions on a close above the 50-period moving average, with a stop-loss placed below the 20-period MA, and a take-profit at the 61.8% Fibonacci level. This approach leverages the alignment of moving averages and Fibonacci retracement levels to filter for strong trending moves. Given the recent confirmation of the breakout and momentum, this strategy could yield positive results if the trend continues. However, the overbought RSI and potential consolidation at 1480.0–1483.3 should be monitored for possible mean reversion.