SafePal/Tether Market Overview

• SafePal/Tether (SFPUSDT) traded in a narrow range for most of the 24 hours before breaking out near the end.
• Price closed near a 24-hour high, supported by rising momentum and increasing volume in the final hours.
• Volatility expanded toward the close, indicating a potential shift in market sentiment and increased positioning.
• RSI climbed into overbought territory near the end, signaling caution for short-term traders.
• Key resistance appears at 0.4585–0.4590, with strong support forming around 0.4525–0.4530.

The SafePal/Tether (SFPUSDT) pair opened at 0.4554 on 2025-09-15 at 12:00 ET and traded between 0.4521 and 0.4589 before closing at 0.4579 on 2025-09-16 at 12:00 ET. Total volume for the 24-hour period was approximately 198,951.0 units, with a notional turnover of $88,312.50, based on the average price. The pair showed a strong final push in the early hours of 2025-09-16, suggesting increased bullish participation.

Structure & Formations

The 15-minute candlestick chart revealed a bearish reversal pattern around 0.4548, followed by a bullish breakout above 0.4560 in the early hours of 2025-09-16. Key support levels emerged at 0.4525–0.4530 and 0.4540–0.4545, while resistance levels formed at 0.4565–0.4570 and 0.4585–0.4590. A notable bullish engulfing pattern was visible at 0.4556–0.4578 as the pair broke out of consolidation.

Moving Averages

On the 15-minute chart, the 20-period MA crossed above the 50-period MA near 0.4550–0.4555, forming a potential golden cross. On the daily timeframe, the 50-period MA crossed above the 100-period MA, reinforcing a broader bullish bias. The 200-period MA remains below the current price, suggesting a shift in medium-term trend.

MACD & RSI

The MACD line turned positive in the final hours of the 24-hour period, with a widening histogram indicating strengthening bullish momentum. RSI climbed above 70, entering overbought territory around 0.4578, signaling a potential pullback unless strong bullish volume sustains the move.

Backtest Hypothesis

The observed breakout at 0.4560 could serve as an entry point for a long-biased strategy. A trailing stop-loss placed just below 0.4545 may help manage risk. Given the rising RSI and positive MACD, a take-profit target at 0.4585–0.4590 aligns with the Fibonacci extension levels from the 0.4521 low. This setup could be backtested over the past month to evaluate win rate and average profit per trade.

Bollinger Bands

Price action moved closer to the upper Bollinger Band in the final hours, indicating rising volatility. A contraction in band width was observed earlier in the session, followed by an expansion as the pair surged above 0.4560. This suggests that traders may expect heightened price swings in the near term.

Volume & Turnover

Volume increased sharply after 0.4560 was breached, with the largest single-volume candle occurring at 0.4560 with 24,259 units traded. Turnover also rose significantly during this period, confirming the breakout rather than signaling a divergence. This suggests strong conviction in the bullish move.

Fibonacci Retracements

Applying Fibonacci to the swing from 0.4521 to 0.4589 shows key levels at 38.2% (0.4547) and 61.8% (0.4567). The 61.8% level coincides with the current short-term resistance. This retracement framework may help traders identify potential support and resistance for the next few days.

The forward-looking view suggests that SFPUSDT may test the 0.4585–0.4590 resistance zone over the next 24 hours, with a possible pullback to 0.4560 if bearish momentum returns. Traders should remain cautious as the RSI remains overbought, and a failure to break 0.4589 could lead to consolidation or a reversal.