Market Overview for Usual/Tether (USUALUSDT) – 24-Hour Summary

• Price action remained narrowly range-bound near 0.0305, with minor volatility observed in the 24-hour window.
• Volume spiked late into the session as price approached 0.0313, hinting at possible accumulation or short-term volatility.
• No clear trend emerged; candlestick patterns such as doji and spinning tops signaled indecision among market participants.
• RSI and MACD remained neutral, suggesting a lack of strong bullish or bearish momentum at the 15-minute interval.
• Bollinger Bands reflected stable volatility, with price hovering near the midline throughout the session.

Usual/Tether (USUALUSDT) opened at 0.0304 on 2025-11-02 at 12:00 ET and traded between 0.0301 and 0.0313 over the following 24 hours, closing at 0.0312 as of 2025-11-03 at 12:00 ET. Total volume was 15,985,287.2 units traded, with a total notional turnover of $492,500 (calculated using average close of $0.0305–$0.0312). The session was characterized by a lack of directional bias and choppy price behavior.

The 15-minute OHLCV data revealed a number of key structural points. Notably, 0.0305 acted as a psychological pivot point, with several candles opening or closing at this level. A bullish engulfing pattern emerged at 21:30 ET when price rebounded from 0.0304 to 0.0306, suggesting short-term support. Later, a large bullish candle at 23:15 ET, which pushed price to 0.031, confirmed a temporary breakout attempt. However, a bearish rejection at 0.0313 (0.0312 close) suggested resistance is still intact in the near term.

On the moving average front, 20-period and 50-period averages on the 15-minute chart remained closely aligned around the 0.0305–0.0306 range, reflecting a sideways consolidation phase. There was no significant deviation from the mean, and price remained within Bollinger Band boundaries without a clear contraction or expansion in volatility. RSI readings fluctuated between 48–55 for most of the session, reinforcing the lack of momentum and signaling no overbought or oversold conditions.

MACD remained flat with no divergence from the histogram, and the signal line hovered near zero, consistent with the low-momentum environment. A minor bearish crossover occurred briefly at 19:00 ET, but failed to result in a meaningful price move. Volume distribution showed a sharp increase starting at 22:00 ET, aligning with the upward push toward 0.0313. This increase was primarily observed in the final four hours of the session, suggesting a possible shift in sentiment or strategic trading.

Fibonacci retracement levels drawn from the key swing low (0.0301) to high (0.0313) identified potential support at 0.0305 (38.2%) and 0.0303 (61.8%). Price held above both levels in the final candle, indicating that immediate support remains intact. The next level of significance, if a bearish reversal occurs, would be 0.0302–0.0301, which could trigger further downside.

Backtest Hypothesis

Given the limited directional bias in the 24-hour window, a potential backtest strategy could focus on breakout trading using Fibonacci levels as dynamic support/resistance. For instance, a buy signal could be generated when price closes above 0.0313, with a stop-loss placed below 0.0305. Conversely, a sell signal might trigger on a close below 0.0303.

However, the recent error encountered in retrieving historical data for USUALUSDT complicates the backtesting process. As the data is essential for validating the strategy over time, it is recommended to confirm the correct ticker symbol or provide a direct price series. Once this data is available, a more robust backtest can be conducted to evaluate the effectiveness of the Fibonacci-based breakout strategy under varying volatility and volume conditions.