Market Overview for Usual/Tether (USUALUSDT) on 2025-09-21

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• Price opened at 0.0668, peaked at 0.0692, and closed at 0.0664 on a volatile 24-hour session.
• Momentum fluctuated with overbought RSI and a bearish MACD crossover suggesting near-term consolidation.
• Volume surged in the early morning (ET), reaching a 24-hour high at 6.6 million at 07:30 ET.
• Key support at 0.0662 held multiple times, but failed to confirm a bullish reversal.
• Bollinger Bands showed a narrow midday contraction, followed by a breakout in the late morning.

Usual/Tether (USUALUSDT) opened at 0.0668, reached a 24-hour high of 0.0692, and closed at 0.0664 by 12:00 ET. Total volume for the 24-hour period was 31.1 million, with a turnover of $2.07 million. The pair exhibited choppy price action in the early hours, with a sharp rally in the morning (ET) followed by a consolidation phase after noon.

The structure of the candlestick data shows a strong bullish bias in the early morning as price surged from 0.0663 to a high of 0.0692 between 07:30 and 08:45 ET. A long upper shadow on the 09:30 ET candle suggests rejection of higher prices and a shift in sentiment. A bearish engulfing pattern formed at 09:45 and 10:00 ET, indicating a potential reversal, while a morning star pattern emerged near 04:00 ET, which failed to hold. Key support at 0.0662 was tested four times, with the last test failing at 09:30 ET. No clear bullish reversal pattern emerged post 12:00 ET, and price appears to be consolidating around 0.0664.

The 15-minute moving averages show price crossing above the 20 SMA in the morning and then diverging below it by the afternoon. The 50 SMA acted as a temporary resistance around 0.0674, with the price failing to hold above that level in the afternoon. On the daily chart, the 50-day SMA is at 0.0665, and the 200-day SMA is at 0.0661, suggesting a potential equilibrium around the 0.0663–0.0665 range.

MACD showed a bullish crossover early in the morning, confirming the rally, but a bearish crossover occurred after 10:00 ET. The RSI peaked above 70 in the early morning, indicating overbought conditions, but then declined sharply, dipping below 40 by 12:00 ET. This suggests a potential short-term consolidation phase. Bollinger Bands narrowed between 02:00 and 05:00 ET and expanded after the 07:30 ET breakout, indicating a period of low volatility followed by a strong move. Price closed near the upper band in the morning and retracted to the middle band by the close.

Volume spiked from 600k to 6.6 million between 07:30 and 08:00 ET, coinciding with the breakout, but then declined sharply. Notional turnover increased in line with volume, confirming the price move. Divergence appears in the afternoon as price continues to decline with shrinking volume, suggesting weakening momentum. Fibonacci retracement levels of 0.068 (61.8%) and 0.0673 (38.2%) acted as key resistance and support levels during the morning rally and afternoon pullback.