Market Overview: Tether/Colombian Peso (USDTCOP) – 24-Hour Analysis (2025-09-20)

• • •
• Price opened at 3840.0 and closed at 3840.0, with a 24-hour high of 3848.0 and low of 3830.0.
• Momentum waned after a sharp afternoon rally, as RSI approached overbought conditions but failed to sustain.
• Volatility expanded in the early afternoon before settling into a tightening range overnight.
• Volume peaked during the 21:30–22:30 ET window, coinciding with a 3840–3846 range breakout attempt.

The Tether/Colombian Peso pair (USDTCOP) opened at 3840.0 on 2025-09-19 at 12:00 ET and closed at 3840.0 at 12:00 ET the following day. The 24-hour high reached 3848.0, and the low hit 3830.0, reflecting a range of 18.0 Colombian Pesos. Total volume across the 24-hour 15-minute OHLCV dataset was 302,087.0 units, with a notional turnover of approximately 1.16 billion COP.

Structure & Formations

Price action on the 15-minute chart revealed a key support level at 3836.0 and a dynamic resistance at 3846.0. A bullish engulfing pattern formed during the 21:45–22:00 ET period, followed by a bearish hanging man around 03:00–03:30 ET. A doji at 09:30–10:00 ET suggested indecision, aligning with a flattening trend.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages were closely aligned around the 3840.0 level, suggesting a neutral-to-bullish bias. On the daily chart, the 50-period MA slightly outperformed the 100- and 200-period MAs, indicating a potential short-term upward bias, though without a clear trend.

MACD & RSI

The 12-period MACD remained above zero for most of the session, with a short bearish crossover observed in the early morning hours. RSI peaked at 68 during the 21:45–22:15 ET window, signaling overbought conditions, but failed to sustain above 70. A slight divergence emerged between price and RSI around 04:00–06:00 ET, suggesting a possible bearish reversal.

Bollinger Bands

Volatility expanded in the early afternoon when price moved outside the upper band, reaching 3848.0. This contraction and expansion pattern confirmed a period of heightened trading activity. Price later returned to the middle band, with the lower band sitting at 3835.0, reinforcing the 3836.0 support level.

Volume & Turnover

Volume spiked at 21:45–22:45 ET, coinciding with a breakout attempt to the upper Bollinger band. The total notional turnover for the day was approximately 1.16 billion COP, with the largest single 15-minute turnover at 12.9 million COP during the 21:15–21:30 ET period. Divergence between volume and price was observed during the late-night consolidation phase, hinting at potential waning momentum.

Fibonacci Retracements

Applying Fibonacci to the recent swing from 3830.0 to 3848.0, the 38.2% level at 3843.0 and 61.8% at 3836.0 acted as key psychological points. Price tested and bounced off the 61.8% level multiple times, particularly during the early morning hours, suggesting continued relevance of these levels.

Backtest Hypothesis

A potential backtest strategy could involve entering long positions when price closes above the 3840.0 level (the 20-period MA) and exits short of the 3846.0 resistance with a stop-loss at 3836.0. This approach leverages both trend-following and range-bound strategies, capitalizing on the observed volatility and retracement behavior. Testing this strategy over a rolling 30-day period would help assess its adaptability to different market conditions.