Market Overview for Tether/Colombian Peso (USDTCOP) on 2025-10-22

• Price climbed from 3849.0 to 3886.0 during the 24-hour window.
• Volatility expanded with increasing high-low ranges in late trading hours.
• Momentum remained positive with RSI above neutral levels for most of the session.
• Bollinger Band width widened, indicating heightened market uncertainty.
• Volume distribution showed a moderate increase in late-ET activity.

Tether/Colombian Peso (USDTCOP) opened at 3849.0 on 2025-10-21 at 12:00 ET and reached a high of 3886.0 by 16:00 ET the following day. Total volume for the 24-hour period was 288,855.0 with a turnover of approximately USD 1,111,135,549.0 (using average price of ~3846.0). The pair closed at 3886.0, showing a bullish close aligned with a late-day push.

Structure & Formations

The candlestick structure featured a prolonged bullish trend after midday on 2025-10-21. A notable pattern emerged after 14:00 ET, with a series of bullish engulfing patterns forming between 15:45 ET and 16:00 ET. These patterns were confirmed with strong volume surges. Key support levels were identified at 3855.0 and 3860.0, both of which were tested and rebounded from multiple times. Resistance levels were active at 3870.0 and 3880.0, with the 3886.0 level acting as a new short-term ceiling.

Moving Averages

Using 20 and 50-period moving averages on the 15-minute chart, the 20-period line consistently outpaced the 50-period line in the final hours of the session. Both moved upward, reinforcing the bullish trend. Longer-term (daily) moving averages (50, 100, 200) were not provided but are expected to be in alignment with the recent upward trend.

MACD & RSI

MACD maintained positive readings throughout the 24-hour period, with the histogram expanding as the price surged toward the close. The RSI oscillated between 55 and 75, indicating moderate to strong momentum. It never reached overbought territory, suggesting the rally had room to extend, though it did approach the 70 threshold multiple times.

Bollinger Bands

Bollinger Bands expanded significantly between 16:00 ET and 04:00 ET, reflecting increased volatility. The price closed near the upper band at 3886.0, which could indicate exhaustion or a potential pullback unless the level is held. The middle band moved in parallel with the price trend, validating the strength of the move.

Volume & Turnover

Volume increased in the final hours, with the largest 15-minute volume spike at 16:00 ET (11,661.0 units), confirming the late-day bullish breakout. Turnover aligned with price action, with higher notional volume observed during the final 3 hours of the session. No significant divergence between volume and price was noted, suggesting strong conviction behind the move.

Fibonacci Retracements

Applying Fibonacci retracement levels to the 15-minute swing from 3849.0 to 3886.0, key levels at 38.2% (~3864.0) and 61.8% (~3874.0) were tested multiple times. The 3886.0 close marked the full retracement, indicating a potential overextension. Short-term Fibonacci levels are likely to play a role in near-term price behavior.

Backtest Hypothesis

For a potential backtesting strategy using USDTCOP, a "Bullish Engulfing" signal — identified as a large bullish candle that completely engulfs the previous bearish candle — could be considered a valid long entry. Given the current dataset, such a pattern was observed between 13:30 ET and 13:45 ET. A 1-day-hold strategy would require the confirmation of these signals from a reliable source or the use of user-submitted pattern dates. If confirmed, a backtest would involve measuring the average return of holding the position for 24 hours after the pattern’s formation.