Market Overview for Theta Network/Tether (THETAUSDT): 2025-10-05

• THETAUSDT rose from 0.72 to 0.753 over 24 hours, closing near the day’s high with a bullish bias.
• Volume spiked in the early morning (ET), coinciding with a sharp rally from 0.74 to 0.767.
• RSI moved toward overbought levels while price found key support at 0.72–0.73, indicating potential pullback risk.
• Bollinger Bands showed a widening trend after midday (ET), reflecting increased volatility.
• Fibonacci retracement levels at 0.752 and 0.741 could act as near-term resistance and support.

Theta Network/Tether (THETAUSDT) opened at 0.72 on 2025-10-04 at 12:00 ET and closed at 0.753 on 2025-10-05 at 12:00 ET. The 24-hour range saw a high of 0.767 and a low of 0.72, with total volume of 1,622,947.2 units and a notional turnover of $1,175,340.60. The pair displayed a clear bullish bias, driven by increasing buying pressure after 08:00 ET.

The 15-minute OHLCV data reveals a strong bullish thrust between 08:00 and 10:00 ET, with several engulfing patterns forming during the rally from 0.74 to 0.767. A notable resistance level appears to be forming at 0.753, where price has stalled twice in the last 6 hours. On the support side, the 0.72–0.73 range has acted as a key floor multiple times, including a sharp reversal at 0.729 after a bearish rejection at 0.728 earlier in the morning. The price is currently consolidating above the 20-period and 50-period moving averages on the 15-minute chart, suggesting short-term bullish momentum remains intact.

MACD on the 15-minute chart showed a positive divergence in the last 3 hours, confirming the upward move. RSI reached overbought territory around 67–70, but has not yet triggered a significant pullback. Bollinger Bands have expanded in recent hours, reflecting heightened volatility and indicating that the market is reacting to potential news or accumulation activity. The 61.8% Fibonacci retracement level of the morning rally sits at 0.752, which may test the strength of the current bullish trend over the next 24 hours.

The daily timeframe shows a more neutral bias, with price hovering near the 50-day and 100-day moving averages. A bullish breakout above 0.767 could target the 0.77–0.78 range, while a retest of the 0.72–0.73 support area could offer a low-risk entry for longs. Given the recent volume and momentum readings, a continuation of the bullish bias seems probable in the near term, though traders should remain cautious of potential profit-taking around key Fibonacci and RSI levels.

Backtest Hypothesis
The backtesting strategy proposes a long-biased trade setup on THETAUSDT when the price closes above the 20-period moving average (on 15-min chart) with a MACD crossover and RSI above 50. The stop-loss is placed just below the nearest Fibonacci support level, while the take-profit targets the next Fibonacci resistance or a 5% profit target. Based on the recent data, such a setup would have been triggered multiple times during the early morning rally, with the most recent entry occurring around 08:15 ET at 0.751. The strategy aligns with the observed bullish momentum and supports the current technical bias. However, it remains sensitive to overbought conditions and could fail if price consolidates or reverses before reaching key resistance levels.