Market Overview for TUSDUSDT as of 2025-10-22

• TUSDUSDT traded in a narrow range, consolidating near 0.9967 with minimal directional bias.
• Intraday volume surged after 14:30 ET as the pair tested a key psychological level.
• MACD and RSI remained neutral, suggesting equilibrium in short-term momentum.
• Volatility remained subdued, with Bollinger Bands narrowing through the session.
• No decisive candlestick patterns emerged; price action favored a continuation in sideways range.

The 24-hour session for TrueUSD/Tether (TUSDUSDT) opened at 0.9968 on October 21 at 12:00 ET and closed at 0.9967 on October 22 at the same time. The pair traded between 0.9965 and 0.997, with a total volume of 399,045.50 and a notional turnover of 398.30. The majority of the session saw little directional movement, with price consolidating tightly around 0.9967 and showing no signs of a breakout either higher or lower.

Structure and formations on the 15-minute chart reveal a tight range with no decisive reversal patterns. The price remained within a narrow corridor, oscillating between 0.9965 and 0.997, with neither buyers nor sellers asserting control. A minor bullish attempt occurred at 14:30 ET, where price briefly broke 0.9969, but failed to hold above it. This suggests that while there may be attempts at a breakout, the market remains cautious, with key support at 0.9966 and resistance at 0.9970.

The 20-period and 50-period moving averages on the 15-minute chart were closely aligned, indicating a flat trend. Price hovered near the 50-period line but showed no clear directional bias. On the daily chart, the 50/100/200-day moving averages are converging around 0.9966–0.9967, which reinforces the recent equilibrium and suggests that any breakout would need to overcome these overlapping lines.

The MACD (12,26,9) showed a near-zero histogram and a flat line, signaling a lack of momentum. The RSI remained centered around 50, indicating no overbought or oversold conditions. The Bollinger Bands, which had been relatively wide earlier in the session, began to contract, suggesting a period of consolidation and the potential for a breakout in the near term.

The volume profile showed a steady build-up in the late hours of the session, particularly after 14:30 ET, when a large candle recorded an open of 0.9969 and closed at 0.9969, with volume spiking to 31,085. This suggests increased participation at the upper end of the range. Notional turnover also rose in line with volume, indicating that price movement was confirmed by increased activity. However, divergence between volume and price was not observed, and the overall pattern remains one of equilibrium.

Fibonacci retracements drawn from the swing high at 0.997 and low at 0.9965 show the 50% level at 0.99675, which is where the price has spent much of the session. The 61.8% level is at 0.9966, currently acting as a minor support. If the price breaks 0.9970, it could face a test at the 38.2% retracement at 0.99685 before encountering resistance from the 50% level.

Backtest Hypothesis

The technical indicators described above suggest that TUSDUSDT is in a state of equilibrium, with little directional bias and no overbought or oversold conditions. This context aligns well with the Doji Star pattern backtesting strategy, which typically emerges during periods of indecision and potential trend reversal. However, in the case of the attempted backtest on the symbol “HOLD.P,” the data provider was unable to locate the ticker, likely due to an incorrect or non-standard symbol being used.

To proceed with a successful backtest, it is essential to verify the correct ticker or provide alternative details, such as the exchange or a more liquid alternative instrument. Once a valid ticker is confirmed, the system can retrieve the historical price data and apply the Doji Star pattern for backtesting—specifically, testing the hypothesis of buying on the pattern and holding for one day from January 1, 2022, to the present. This approach would allow for a meaningful assessment of the strategy's viability in both bullish and bearish market conditions.