Sign/Tether (SIGNUSDT) Market Overview: 24-Hour Bullish Reversal and Rising Momentum

• SIGNUSDT rose 8.9% over 24 hours, rebounding from a key support at 0.06415–0.06440 and forming bullish reversals.
• Momentum improved on the RSI, breaking above 50 and showing no immediate overbought conditions near 65.
• Volatility increased with a 15-minute Bollinger Band width expansion and rising turnover in the final 6 hours.
• A bearish divergence in the MACD delayed the uptrend, but a strong 15-minute volume spike at 08:00 ET-1 confirmed a breakout.
• The 0.0655–0.0660 zone acted as a key resistance, now supporting further upside if confirmed by a closing above 0.0660.

24-Hour Summary and Open/Close Levels

Sign/Tether (SIGNUSDT) opened at 0.06552 on 2025-10-05 12:00 ET and closed at 0.06694 by 2025-10-06 12:00 ET, forming a strong bullish pattern amid a 24-hour range of 0.06415–0.06705. Total volume traded reached 9.66 million units, while notional turnover came in at approximately $643,570. The price action suggests a significant recovery after a brief dip below critical support levels.

Structure & Formations

The 24-hour chart shows a textbook bullish reversal pattern, with a morning star and piercing line forming between 19:15–20:00 ET and 08:15–08:30 ET. Price found strong support at 0.06415–0.06440, with three confirmed bounces and a sharp volume spike on the breakout. A bullish engulfing pattern emerged around 08:15 ET, confirming the shift in sentiment. A key resistance level at 0.0655–0.0660 has now become a potential pivot for further momentum if the price closes above it.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed positively between 08:00–08:30 ET, indicating a short-term bullish bias. On the daily chart, the 50-period SMA is above the 100-period and 200-period SMAs, supporting a longer-term positive outlook. The price currently resides above all three daily moving averages, reinforcing the bullish narrative.

MACD & RSI

Momentum indicators show a mixed but improving trend. The RSI broke above the 50 level, indicating growing buying pressure, and reached a high of 64.7 near 16:00 ET. While not yet in overbought territory, it shows a strong upward thrust. The MACD line crossed above the signal line at 08:15 ET, forming a bullish crossover, but displayed a bearish divergence earlier in the session from 19:15–20:00 ET. This divergence delayed the uptrend but did not negate it.

Bollinger Bands

Bollinger Band width expanded significantly in the final 6 hours, reflecting increased volatility. The price closed near the upper band at 0.06694, indicating strength in the uptrend. The expansion suggests traders are positioning for a potential breakout, with a 15-minute consolidation phase observed just before the final surge.

Volume & Turnover

Volume surged at key inflection points: 08:00–08:30 ET and 14:00–15:00 ET, with the largest single candle at 14:00 ET printing a 0.06612 high and 0.06572 open on 1.8M traded units. Notional turnover spiked in these windows, confirming the price action. There was a notable divergence in volume at 19:15–20:00 ET, where price declined on high volume but did not break key support levels, signaling a potential reversal setup.

Fibonacci Retracements

Applying Fibonacci to the 24-hour swing, the 38.2% level at 0.06475 and 61.8% level at 0.06555 acted as key pivot zones. The price bounced off the 61.8% level and accelerated toward the upper end of the range. A minor 38.2% retracement on the 15-minute chart at 0.06573 also coincided with a candle close, providing early confirmation of the rally.

Backtest Hypothesis

A potential backtest strategy involves entering long positions on a bullish crossover of the 20- and 50-period moving averages on the 15-minute chart, with a stop-loss placed just below the 0.06415 support level. A take-profit target could be set at the 61.8% Fibonacci extension at 0.06555–0.06600, based on the 24-hour range. Given the recent momentum and consolidation near the upper Bollinger Band, this strategy could capture short-term volatility while managing downside risk through defined levels.