Market Overview for Tether USDt (USDTMXN) – 24-Hour Summary

• Tether USDt traded in a tight range before breaking out to fresh 24-hour highs near 18.71 MXN amid strong volume in the overnight session.
• A bullish engulfing pattern emerged between 06:15 and 06:45 ET as buyers pushed price 2.2% higher with strong follow-through.
• Volatility surged in the final 4 hours, expanding from a 0.08 MXN range to over 0.11 MXN, suggesting a potential reversal in sentiment.
• Turnover spiked during the final 2 hours as price dipped below 18.65 MXN, indicating increased interest at key support levels.
• RSI and MACD diverged slightly late in the session, signaling a potential slowdown in bullish momentum.

Market Overview

Tether USDt (USDTMXN) opened at 18.63 MXN on 2025-08-24 12:00 ET and reached a 24-hour high of 18.71 MXN. The pair traded as low as 18.59 MXN and closed at 18.67 MXN as of 12:00 ET on 2025-08-25. Total volume over the period amounted to 386,219.0 units, while notional turnover reached approximately 7,125,153 MXN.

Structure & Formations

Price action showed a tight consolidation phase until 06:00 ET, after which a clear bullish breakout emerged with the formation of a bullish engulfing candle at the start of the upward leg. The breakout was confirmed by a follow-through candle with high volume. A doji formed near 18.71 MXN at 08:15 ET, indicating hesitation in the short term. Key support levels appear to have been 18.65 MXN and 18.62 MXN, both of which held during late-session selling.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart crossed in favor of the bulls during the early morning session, reinforcing the breakout. On the daily chart, the 50-period MA remains above the 100- and 200-period MAs, indicating a still-bullish bias for the broader trend, albeit with signs of fatigue in the short term.

MACD & RSI

The MACD turned positive and remained above the zero line during the breakout and early morning rally, while RSI climbed above 55 before retreating slightly in the final 2 hours. However, RSI divergence emerged late in the session as price fell toward 18.65 MXN despite the indicator failing to confirm the move with a corresponding decline. This may signal a temporary pause in the rally or a test of support.

Bollinger Bands

Volatility increased significantly during the final 4 hours of the session, with the upper band expanding to accommodate the 18.71 MXN high. Price closed near the midline of the bands, suggesting a potential pullback toward the lower band at 18.62 MXN could be in play. The bands had contracted earlier in the session, indicating a period of consolidation prior to the breakout.

Volume & Turnover

Volume spiked during the breakout and again in the final 2 hours of the session, confirming both the upside move and the attempted pullback. Turnover mirrored volume closely, with the largest notional value transacted during the 15:15–15:45 ET time window as price fluctuated near key levels. No significant price-turnover divergence was observed, suggesting strong alignment between volume and directional bias.

Fibonacci Retracements

Applying Fibonacci levels to the 15-minute swing from 18.59 MXN to 18.71 MXN, price currently sits near the 61.8% retracement level at 18.65 MXN, which coincides with a key support level. If the trend continues, a test of the 78.6% level at 18.68 MXN may be expected, though a breakdown below 18.62 MXN could bring the 38.2% level into play as a short-term floor.

In the next 24 hours, traders may see further consolidation around 18.65–18.68 MXN as the market digests recent momentum. A sustained break above 18.71 MXN could indicate a resumption of the bullish phase, while a confirmed breakdown below 18.62 MXN may signal a potential reversal or deeper pullback. Investors should remain cautious as overbought conditions and divergences hint at a possible correction in the near term.