Sign/Tether Market Overview: 24-Hour Technical Analysis

Summary
• Price drifted lower, closing below prior support at 0.0381.
• Volume surged during the 18:30–20:15 ET rally before declining sharply.
• RSI and MACD indicate weakening bullish momentum with a bearish crossover forming.

Sign/Tether (SIGNUSDT) opened at 0.03829 on 2025-11-05 at 12:00 ET and reached a high of 0.03865 by 21:45 ET. The pair then fell to a low of 0.03755 before closing at 0.03692 on 2025-11-06 at 12:00 ET. Total traded volume over the 24-hour period was 15,400,474.0, with notional turnover estimated at $564,041 (0.0384 average price).

The 15-minute chart reveals a key breakdown at 0.0381, with a Bearish Engulfing pattern forming at 19:00–19:15 ET as the asset closed at 0.03837 after opening at 0.03855. This was followed by a sharp descent, with bearish momentum intensifying after 22:30 ET. The 20-period EMA is below the 50-period line, indicating a bearish bias on shorter timeframes. On the daily chart, the 50-period SMA has crossed below the 100-period line, reinforcing a deteriorating trend.

Relative Strength Index (RSI) dipped below 30 for the first time at 05:30 ET and remained in oversold territory until 09:45 ET, suggesting potential for a rebound. However, the MACD line crossed below the signal line at 04:30 ET, with the histogram shrinking in volume since, signaling weakening downward momentum. Bollinger Bands show a moderate expansion during the 18:30–20:15 ET rally, after which price retreated sharply below the lower band at 03:00 ET.

Fibonacci retracement levels from the 0.03865 high to the 0.03755 low show price retesting the 38.2% level (0.03824) before falling through it. Key support levels now appear to be at 0.0380 and 0.0375, with resistance near 0.0384–0.0385. The bearish divergence between price and volume during the 04:15–06:00 ET sell-off suggests a potential pause in the downward move. Investors should monitor for a rejection at the 0.0375 level or a breakout above 0.0385 for a reversal signal.

The backtest hypothesis aligns with the recent Bearish Engulfing pattern and bearish momentum observed in both RSI and MACD. A “sell-short today, cover after 3 trading days” strategy using the 15-minute chart could be effective when bearish patterns like the Engulfing appear, especially in conjunction with a bearish crossover on the MACD and RSI in overbought or oversold zones. Given the recent breakdown and declining volume, testing this strategy on Sign/Tether may provide insights into its short-term behavior under bearish conditions.