Sign/Tether Market Overview for 2025-09-19

• Price action on SIGNUSDT shows a volatile 24-hour range from 0.0784 to 0.0806 with a net bullish bias toward close.
• Momentum remains mixed, with RSI oscillating near the neutral zone and MACD signaling a potential bearish divergence.
• Volatility increased mid-day, as evidenced by a 25% rise in average 15-minute volume during the 04:30–05:45 ET window.
• Bollinger Bands widened in the early hours before narrowing, indicating a shift from high to moderate volatility.
• A key support zone appears near 0.0788, with a resistance cluster forming at 0.0800 based on recurring 15-minute rejections.

The Sign/Tether (SIGNUSDT) pair opened at 0.0793 on 2025-09-18 at 12:00 ET and closed at 0.08002 at 12:00 ET on 2025-09-19. The price reached a high of 0.0806 and a low of 0.0784 over the 24-hour period, with a total traded volume of 4,476,883.0 and a notional turnover of ~$349,845.

Structure analysis reveals a key support at 0.0788 and a resistance cluster forming between 0.0800 and 0.0801. On the 15-minute chart, a bullish engulfing pattern emerged at 05:45 ET, followed by a bearish harami at 07:00 ET, suggesting internal indecision. The price has spent significant time consolidating within a 0.0792–0.0800 range over the past 8 hours, indicating a potential breakout scenario.

Moving averages on the 15-minute timeframe show the 20-period EMA sitting at 0.0795 and the 50-period EMA at 0.0794, both slightly below the current price. On the daily chart, the 50-period SMA has crossed above the 200-period SMA, forming a potential golden cross, though this trend is yet to confirm. The price appears to be trading above both short- and medium-term averages, suggesting upward bias, albeit with caution due to the recent bearish divergence.

The MACD histogram showed a bearish crossover in the morning, with a negative divergence noted in the 05:00–06:00 ET window. RSI remains in neutral territory around 52–56, suggesting no overbought or oversold conditions. Bollinger Bands are currently narrow compared to earlier hours, signaling a potential breakout. Price has been hovering near the upper band in the last four hours, suggesting a test of the 0.0801 resistance level may occur in the near term.

Volume spiked in the early morning hours, especially between 04:30 and 05:45 ET, where average 15-minute volume increased by 25%. Turnover spiked in tandem during this period, confirming the price action. However, a divergence is emerging between rising volume and weakening price momentum, suggesting caution. Fibonacci retracement levels show a key 61.8% level at 0.0803, which may act as a temporary resistance if the breakout occurs.

The backtest strategy described involves a breakout system using Bollinger Bands and a 20-period EMA. A long entry is triggered when price closes above the upper band and the 20-period EMA is rising, with a stop loss placed at the lower band. The strategy relies on the assumption that a breakout from a narrow band is likely to continue in the direction of the breakout.