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• Price surged 8.4% over 24 hours, closing at 0.1973 after a bullish breakout above 0.1951.
• RSI hit overbought territory (70+), suggesting short-term momentum may pause or retrace.
• Volatility spiked during late ET hours with
Toko Token/Tether (TKOUSDT) opened at 0.1848 on 2025-09-17 at 12:00 ET, hit a high of 0.2027, a low of 0.1840, and closed at 0.1973 as of 12:00 ET on 2025-09-18. The 24-hour notional volume reached 10.4 million USD, with a total turnover of 5.2 million TKO. The price action showed a strong and sustained upward bias, supported by rising volume throughout the day, particularly after 15:00 ET when a sharp rally pushed the price above 0.1950.
The daily chart revealed a strong bullish structure, with the price forming a multi-wave ascent supported by key moving averages. The 15-minute chart showed several bullish engulfing patterns and a strong breakout above the 0.1951 resistance level. The most immediate support is now at 0.1934, with the next critical level at 0.1917. Resistance levels include 0.1986 (38.2% Fibonacci retracement), 0.2019 (61.8%), and the 24-hour high at 0.2027. The price appears to be consolidating above the 20-period and 50-period moving averages, indicating continued strength.
The 15-minute MACD showed a strong positive divergence with both the histogram and line trending upwards, confirming bullish momentum. RSI has pushed into overbought territory (currently at 70), suggesting a potential pause or correction is likely. Bollinger Bands have widened significantly in response to the recent surge, indicating rising volatility. Price is currently trading near the upper band, which is a positive sign for continuation but also warns of a possible near-term pullback if volume and momentum stall.
The volume profile showed a steady increase throughout the day, with a sharp spike during the final hour when the price hit 0.2020. Notional turnover also rose in tandem, indicating strong conviction in the upward move. However, a divergence between price and volume may emerge if the price fails to break 0.2027 and volume tapers off. The high turnover at key levels supports the idea that institutional or large-capacity buyers are participating, especially during the 15:00–16:00 ET period when the price broke out decisively.
The backtest strategy involves entering long positions after a bullish engulfing pattern forms at key Fibonacci levels, confirmed by a cross above the 20-period moving average and a MACD signal line crossover. Exit the trade when RSI reaches overbought territory or when price breaks the upper Bollinger Band. This approach appears to align with the recent price behavior, particularly around the 0.1951 and 0.1986 levels. Given the current setup, this strategy could offer a high-probability trade with a favorable risk-to-reward profile if executed near support or during consolidation.
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