Market Overview for Tether/Colombian Peso (USDTCOP) – 24-Hour Summary

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• Price for USDTCOP rose from 3892.0 to 3915.0 amid strong afternoon volume surges and a late-night consolidation phase.
• Momentum accelerated after 17:00 ET with a sharp 2.3% rally, followed by a consolidation in a tight range above 3907.0.
• Volatility expanded significantly during the bull phase, with volume surging past 36,000 units on the final 15-min bar.
• RSI edged into overbought territory during the late-day high, while MACD remained bullish with a narrowing histogram.
• Key support appears near 3906–3907, with resistance likely at 3914–3915 and a potential break point at 3918–3920.

The Tether/Colombian Peso (USDTCOP) opened at 3892.0 on 2025-09-25 12:00 ET and reached a high of 3915.0 by 12:00 ET on 2025-09-26. The 24-hour period saw significant price movement, closing at 3915.0 after opening at 3892.0. The total volume traded was approximately 430,682 units, and the notional turnover totaled 1,679,808,900 COP.

Structure & Formations

Price action unfolded in two major phases: an initial consolidation and breakout, followed by a late-night push to a new high. A strong bullish engulfing pattern formed on the 15-minute chart at 17:30 ET, signaling a reversal from a consolidation phase to a breakout. A doji appeared near 22:15 ET, indicating indecision following a sharp move to 3909.0. Key support levels emerged at 3906–3907, with resistance at 3914–3915. A break above 3918 may confirm renewed momentum.

Moving Averages

On the 15-minute chart, price closed above both the 20- and 50-period moving averages, which had been ascending in tandem. The 50-period line currently sits at approximately 3905.5, suggesting a short-term bullish bias. On the daily chart, the 50-period MA is at 3904.0, aligning with the 15-minute structure and supporting a broader uptrend. The 200-period MA is at 3900.0, with price showing a modest divergence above it, indicating mild bullish momentum.

MACD & RSI

The MACD histogram showed a narrowing bullish signal during the late-day high, while the line crossed above the signal line after 17:00 ET, confirming strength. RSI climbed into overbought territory (72–75) during the peak at 3915.0, suggesting a potential near-term pause. However, the absence of a bearish divergence and strong volume suggests that overbought conditions may not lead to a significant reversal.

Bollinger Bands

Volatility expanded during the afternoon and evening, with the upper band reaching as high as 3917.0. Price closed near the upper band at 3915.0, indicating strong bullish momentum. The lower band hovered around 3902.0–3903.0, but price held firm above it. A potential break above the upper band may indicate a new bull phase, while a retest of the lower band could trigger renewed buying interest.

Volume & Turnover

Volume spiked sharply between 17:00 and 18:15 ET, with over 45,000 units traded in a two-hour period. The largest single 15-minute volume bar occurred at 12:45 ET, with 36,775 units traded as price fell to 3913.0, highlighting a potential profit-taking phase. Turnover increased in tandem with volume, particularly in the 17:00–19:30 ET window, indicating strong liquidity and participation.

Fibonacci Retracements

Applying Fibonacci levels to the 15-minute swing from 3892.0 to 3915.0, the 38.2% retracement level is at 3908.4 and was tested multiple times during the consolidation phase. The 61.8% level (3911.9) was briefly breached, suggesting a potential reversal or pause. On the daily chart, the 61.8% retracement from a previous bearish leg sits at 3904.0, coinciding with a key support area.

Backtest Hypothesis

A proposed backtest strategy involves entering a long position when price closes above the 50-period moving average on the 15-minute chart, with a stop-loss placed just below the nearest support level identified through Fibonacci or candlestick patterns. A target exit is set at the next Fibonacci resistance level or when RSI indicates overbought conditions. This strategy aligns with the observed bullish breakout at 17:30 ET, where a close above the 50-period MA triggered a strong move into overbought territory. The volume confirmation and lack of divergence in momentum indicators support the strategy's viability.