Sign/Tether (SIGNUSDT) Market Overview

• SIGNUSDT traded in a tight range early before a sharp breakout to 0.0765, suggesting renewed buying interest.
• RSI hit overbought territory, signaling potential short-term correction, but volume surged at key resistance levels.
• Bollinger Bands expanded after 20:00 ET, indicating rising volatility and a shift in market sentiment.
• The 24-hour turnover rose to $36,895,821, with volume concentrated during late ET hours.
• A bullish engulfing pattern formed at 0.0759–0.0763, suggesting possible continuation of the upward trend.

Opening Narrative

Sign/Tether (SIGNUSDT) opened at 0.07468 on 2025-09-16 12:00 ET and closed at 0.07594 on 2025-09-17 12:00 ET. The 24-hour session saw a high of 0.07654 and a low of 0.07461. Total volume reached 3,792,425.0, with a notional turnover of $290,175,525.72. Price action suggests a consolidation phase after a strong upward move.

Structure & Formations

Price formed a bullish engulfing pattern from 0.0756 to 0.0762 between 18:15 and 18:45 ET, indicating a reversal from bearish to bullish momentum. Key support levels emerged at 0.0757 and 0.0755, with the 0.07461 level acting as a critical floor. Resistance appears to cluster at 0.0763, where price stalled on multiple attempts to break above. A doji at 0.07625 suggested indecision among traders ahead of the final push toward 0.07654.

Moving Averages

On the 15-minute chart, the 20-period MA rose to 0.0760, aligning with the 50-period MA at 0.07595, forming a bullish crossover. On the daily chart, the 50-period MA sat at 0.0757, slightly below the 100-period MA at 0.0760 and the 200-period MA at 0.0761. The convergence of these indicators may support a continuation of the current uptrend.

MACD & RSI

The MACD crossed above the signal line early in the session, reaching a positive value of 0.00013 by 02:00 ET, confirming the bullish momentum. RSI hit 68 at the close, nearing overbought territory, suggesting a potential pullback or consolidation. However, the overbought condition was accompanied by strong volume at 0.0763–0.0765, indicating that buyers remain active and may push price higher in the near term.

Bollinger Bands

Volatility expanded significantly after 20:00 ET, with the upper band reaching 0.0766 and the lower band dipping to 0.0757. Price remained within the bands for most of the session but touched the upper band at 0.07654, suggesting a test of resistance. A contraction occurred briefly between 18:00 and 19:30 ET, which could signal a potential breakout if buyers continue to push price above 0.0765.

Volume & Turnover

Volume increased sharply from 20:00 ET onward, with a spike of 300k at 0.07635 and 280k at 0.07625. Notional turnover mirrored this, peaking at $22.2M at 0.0763–0.0765. The correlation between price and volume at these levels suggests strong buyer participation, reducing the likelihood of a sharp pullback.

Fibonacci Retracements

On the 15-minute chart, price retested the 0.0761–0.0765 Fibonacci 61.8% level at 0.07634 before stalling. On the daily chart, the 61.8% retrace of the recent low-to-high move sits at 0.0765, which is now a key resistance level. A break above this level could target the 78.6% retracement at 0.0770, signaling a continuation of the bullish phase.

Backtest Hypothesis

A potential backtesting strategy could involve a breakout system where long positions are initiated upon a close above the 15-minute high at 0.0763–0.0765, with stop-loss placed below the 0.0757 support zone and a take-profit at 0.0768–0.0770. The confluence of volume, RSI momentum, and the bullish engulfing pattern strengthens the case for a breakout play. This approach aligns well with the observed price action and may serve as a high-probability entry point for traders seeking to capitalize on the ongoing rally.