NFPUSDT Spikes on Bullish Pattern as Volatility Widens

Summary
• NFPUSDT formed a bullish engulfing pattern near 0.0180, signaling potential short-term strength.
• Momentum shifted from bearish to neutral as RSI approached 50, indicating balance.
• Volatility expanded after 19:00 ET, with price pushing higher amid above-average volume.
• Bollinger Bands showed a slight expansion as price traded near the upper band during the 22:00–02:00 window.
• Turnover spiked to $11,911 at 21:15 ET, confirming key price levels near 0.0180.

NFPrompt/Tether (NFPUSDT) opened at 0.0180 on 2026-02-06 12:00 ET, reached a high of 0.0184, a low of 0.0175, and closed at 0.0175 on 2026-02-07 12:00 ET. Total volume for the 24-hour period was 10,714,159.0, and notional turnover was $178,509.

Structure & Formations

A bullish engulfing pattern emerged around 0.0180 after 17:45 ET, suggesting short-term buying pressure. A doji appeared near 0.0180 at 02:15 ET, hinting at indecision. A strong bearish reversal was noted at 0.0175 between 07:00 and 08:00 ET, aligning with Fibonacci 61.8% level from a prior rally.

Moving Averages

On the 5-minute chart, price crossed above the 20-period and 50-period moving averages in the 19:30–22:00 window, confirming a short-term uptrend. The 50-period line remained above the 100 and 200-period lines, indicating a neutral to slightly bearish bias on the daily chart.

Momentum and RSI

RSI oscillated between 35 and 60 over the 24-hour window, showing no overbought or oversold conditions. MACD turned positive in the 19:00–21:00 window, suggesting growing bullish momentum.

Volatility and Bollinger Bands

Bollinger Bands widened from 19:00 to 02:00 ET as price pushed closer to the upper band, reflecting heightened volatility. A contraction was observed between 02:00 and 05:00 ET, indicating a period of consolidation.

Volume and Turnover

Turnover spiked to $11,911 at 21:15 ET and $15,722 at 07:30 ET, aligning with key support and resistance levels. Volume was consistently above the 20-period average during these spikes, confirming price action.

Forward-Looking Observation

The 0.0175–0.0181 range appears to be a key battleground over the next 24 hours, with the 20-period moving average at 0.0179 offering initial support. A break below 0.0175 may test 0.0174, while a return above 0.0181 could reinvigorate bullish sentiment. Investors should remain cautious, as the RSI remains in a neutral range and divergences could trigger either continuation or reversal.