Market Overview for Toncoin/Tether (TONUSDT) – 24-Hour Summary as of 2025-09-18

• TONUSDT opened at 3.107, reaching a high of 3.164 and a low of 3.052 before closing at 3.131.
• Price displayed a strong recovery from a mid-day dip, closing near a 24-hour high.
• RSI showed overbought conditions toward the close, suggesting potential near-term consolidation.
• Volatility expanded significantly during the early part of the session, with a sharp increase in volume.
• Turnover surged during bullish moves, aligning with price action and confirming buying pressure.

Opening and Closing Action

Toncoin/Tether (TONUSDT) opened at $3.107 on 2025-09-17 at 12:00 ET and closed at $3.131 on 2025-09-18 at 12:00 ET, marking a net gain of ~0.77%. The 24-hour range was between $3.052 and $3.164. Total volume traded reached 2,365,689.49 TON, with a notional turnover of approximately $7.41 million (assuming ~$3.13 average price).

Structure & Formations

The price action formed a bullish reversal pattern from a mid-day pullback, with a strong engulfing candle appearing around 2025-09-17 17:00 ET, as price recovered from a low of $3.067 to close at $3.092. A Hammer candle followed later in the session, signaling bullish intent. Strong support emerged at ~$3.063, while resistance consolidated above $3.135, where price stalled during the early morning.

Moving Averages and Momentum

Short-term momentum appears to have shifted in favor of bulls, as the price closed above both the 20-period and 50-period moving averages on the 15-minute chart. The 50-period line is currently at ~$3.112, and the 20-period is near ~$3.126. On a daily basis, price remains above the 50- and 100-day MAs, suggesting continued medium-term strength. The MACD crossed above zero mid-session and showed a positive divergence with price, reinforcing momentum. RSI pushed above 65 toward the close, indicating overbought territory and a possible pause or correction in the short term.

Volatility and Fibonacci Levels

Bollinger Bands showed a volatility expansion as price moved from a low of $3.052 to a high of $3.164. Price closed near the upper band, suggesting a possible retracement into the mid-band area (~$3.11–$3.135). Fibonacci retracements on the key 15-minute swing from $3.063 to $3.164 indicate that 3.13 is close to the 61.8% level, aligning with a short-term consolidation target. The 38.2% level (~$3.121) served as a key intraday support earlier in the session.

Volume and Turnover Confirmation

Volume spiked during the recovery from $3.067 to $3.164, confirming strong buying pressure in the late afternoon and early evening. Notional turnover also spiked during this period, with the most significant increase occurring between 2025-09-17 19:00 ET and 2025-09-18 03:00 ET. Price and volume action are aligned, reinforcing the strength of the move higher. No significant divergence was observed during the session.

Backtest Hypothesis

Given the observed bullish engulfing patterns and the strong volume confirmation, a potential short-term buy strategy could be tested by entering long on a close above $3.135 (the 61.8% Fibonacci level) with a stop-loss placed below $3.105 and a target at $3.17–3.19. This aligns with the idea of capitalizing on a confirmed breakout from a consolidation pattern, supported by both price action and volume data. The use of RSI divergence could serve as a dynamic exit signal.