Market Overview for TSTUSDT (Test/Tether) on 2025-11-08

Summary
• TSTUSDT showed a bullish reversal pattern with a 0.48% 24-hour increase.
• RSI approached overbought territory while volume surged post-0.0193 level.
• Key support found at 0.01825; resistance at 0.01976 with potential for consolidation.

Test/Tether (TSTUSDT) opened at 0.01833 on 2025-11-07 at 17:00 ET and closed at 0.01822 by 2025-11-08 at 06:15 ET. The pair hit a high of 0.01976 and a low of 0.01815 during the 24-hour period. Total volume reached 49,953,338.3 and turnover amounted to ~956.94 TST, indicating moderate but consistent liquidity.

Structure & Formations

Price action over the 24-hour window revealed a distinct reversal pattern. From a bearish decline in the early hours of 11-08, TSTUSDT reversed into a bullish trend following a strong engulfing candle at 0.0192–0.0196. This was followed by consolidation around 0.0192–0.0193. Notable support levels were identified at 0.01825 and 0.0185, while resistance stood at 0.01976 and 0.0195. A doji pattern at 0.01923 on 11-07 18:3000 signaled indecision before a sharp rebound.

Moving Averages and MACD/RSI

On the 15-minute chart, the 20-period and 50-period moving averages crossed in favor of bulls, with the price holding above the 20SMA. MACD showed a positive divergence in the last 6 hours, indicating strengthening bullish momentum. RSI edged closer to 70 during the 01:15–02:45 ET window, signaling overbought conditions, but failed to exceed 72, suggesting limited short-term upside. Daily indicators remain neutral, with the 50DMA crossing above 200DMA in recent days.

Bollinger Bands and Volume Analysis

Volatility expanded significantly during the 21:00–03:00 ET period, with price touching the upper Bollinger Band at 0.01947 before retreating. Volume spiked during the 00:00–02:30 ET period, reaching a peak of ~4.6 million at 06:00 ET, coinciding with the 0.0183–0.0185 price range. A divergence appeared between declining price and increasing volume between 05:30–06:00 ET, hinting at potential short-term stabilizing behavior.

Fibonacci Retracements

Fibonacci levels were drawn on the 0.01817–0.01976 swing. The 61.8% retracement level at 0.01896 acted as a psychological barrier early in the session, while the 38.2% level at 0.01931 supported price during a mid-session pullback. Daily retracement levels suggest a key psychological level at 0.0190–0.0192, where the market appears to be consolidating.

Backtest Hypothesis

Given the emergence of bullish candlestick patterns and divergence in volume and RSI, a testable hypothesis for a backtest would be to trigger a buy signal on a confirmed Bullish Engulfing pattern and hold for 15 minutes. The strategy aligns with the observed strength in the 0.0192–0.0196 range, where price showed clear momentum. For this backtest to be accurate, we would need to source TSTUSDT 15-minute OHLC data from Binance, as it is the most liquid exchange for this pair and aligns with the ticker format used. The holding period could be approximated by selling at the close of the next 15-minute candle after the engulfing pattern is confirmed.