Market Overview for THETAUSDT (Theta Network/Tether) - October 4, 2025

• THETA/USDT fell from 0.78 to 0.72, with a sharp sell-off in early New York hours.
• Key 15-minute support levels were tested at 0.735 and 0.725, with a breakdown below 0.73.
• Volume surged during the selloff, confirming bearish momentum, but diverged from price in the final hours.
• RSI and MACD showed oversold conditions, hinting at a potential short-term bounce.
• Bollinger Bands tightened during consolidation, signaling possible volatility expansion.

24-Hour Price & Volume Summary

Theta Network/Tether (THETAUSDT) opened at 0.75 on October 3 at 12:00 ET and closed at 0.721 at 12:00 ET the following day. The pair hit a high of 0.78 and a low of 0.721 over the 24-hour window. Total volume was approximately 11,331,344.5, and notional turnover was around $7,919,156.6. Price action shows a bearish bias, with a large downward move following a brief bullish attempt.

Structure & Formations

The 24-hour candlestick pattern shows a sharp bearish reversal, especially during the hours between 19:00 and 21:00 ET, where THETA/USDT declined from 0.78 to 0.73. A notable 15-minute bearish engulfing pattern appeared at 21:45 ET, confirming the breakdown below the 0.755 support. This was followed by a series of bearish pin bars and a doji at 0.731–0.733, suggesting exhaustion near the lower end of the range. A potential support level is forming at 0.721–0.725, which may act as a floor for the next 24–48 hours.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed below key support levels around 0.74, confirming the bearish bias. On the daily chart, the 50- and 100-period MAs are in close alignment, showing a neutral to slightly bearish bias as price moves further below the 200-period MA. This alignment suggests that the short-term trend is bearish, with potential for a retest of the 200-day MA at 0.76–0.77.

MACD & RSI

The MACD showed a bearish crossover and negative histogram divergence, especially between 19:00 and 21:00 ET. RSI dropped below 30 at 0.721, signaling oversold conditions, but price failed to form a bullish reversal pattern. While this suggests a possible bounce, the MACD histogram remains bearish. The divergence between MACD and RSI implies mixed momentum, with bears still in control in the short term.

Bollinger Bands

Bollinger Bands narrowed significantly between 04:00 and 08:00 ET, signaling a potential breakout. Price broke below the lower band at 0.726, with volatility expanding afterward. The bands widened again as volume increased, indicating a period of heightened bearish activity. The current price is near the 1.5 standard deviation level, suggesting a possible bounce or consolidation in the near term.

Volume & Turnover

Volume spiked during the sharp decline in the 19:00–21:00 ET window, with notional turnover rising to $1.5 million at 21:00. The volume confirmed the bearish move, but diverged in the last 6 hours, where price continued to decline while volume decreased. This may suggest short-term exhaustion or a lack of conviction in the bearish trend, which could lead to a countertrend bounce.

Fibonacci Retracements

On the 15-minute chart, the key retracement levels are 0.735 (38.2%) and 0.725 (61.8%). Price broke below the 61.8% level at 0.725, confirming a bearish continuation. On the daily chart, the Fibonacci levels of 0.73 and 0.72 are critical for near-term support. A retest of the 0.735 level may offer a potential short-term opportunity if the market shows signs of a reversal.

Backtest Hypothesis

Given the bearish divergence in volume and the oversold RSI condition, a potential backtesting strategy could involve a short-term long entry if price bounces above 0.725 with a confirmation candle above 0.733. Stop-loss would be placed below 0.721 to manage risk, with a take-profit at 0.735–0.737. This approach leverages the potential for a bounce within a defined range, using Fibonacci and RSI levels as confirmation tools. The bearish momentum and volume divergence suggest this should be approached with caution, but it provides a structured method for identifying countertrend opportunities.