Sign/Tether USDt Market Overview

• Price rallied sharply in late trading, rising to 0.0829 before retreating to 0.0805.
• MACD and RSI show strong bullish momentum, with RSI near overbought territory.
• Volume surged during the upward move, confirming strength in the rally.
• Bollinger Bands widened, indicating increased volatility and potential for further movement.
• A 61.8% Fibonacci retracement level at 0.0809 could act as a short-term resistance.

Sign/Tether USDt (SIGNUSDT) opened at 0.07548 on 2025-09-09 at 12:00 ET, touched a 24-hour high of 0.0829, and closed at 0.0805 at 12:00 ET on 2025-09-10. The total volume traded was 66,382,640.0, with a notional turnover of approximately $5,347,719.87 over the period. The asset exhibited a strong upward bias, particularly in the late afternoon and early evening.

Structure & Formations

Price action on the 15-minute chart formed a bullish flag pattern following a strong break higher. Key support levels are at 0.0796 (confirmed by a rejection in the early evening) and 0.0788 (a previous intraday low). Resistance levels include 0.0815 (a key psychological level), and the 61.8% Fibonacci retracement at 0.0809. A morning bullish engulfing candle at 0.076–0.0768 signaled renewed buying pressure, while a doji at 0.0806–0.0805 in late trading hinted at indecision or a potential near-term reversal.

Moving Averages

Short-term momentum is bullish, with the 20-period and 50-period moving averages on the 15-minute chart both sloping upward, supporting the bullish case. On the daily chart, the 50-day MA is at 0.0774, and the 200-day MA is at 0.0761, suggesting the pair is trading well above key trend lines. The 50/200 MA crossover remains bullish, reinforcing the strength of the recent move.

MACD & RSI

MACD is positive and rising, crossing above the signal line in early evening trading, suggesting continued upside potential. RSI is at 68.2, near overbought territory, indicating strong momentum. While overbought levels can precede pullbacks, the RSI divergence (no bearish divergence seen) and strong volume suggest the bullish trend may hold. The 15-minute RSI shows strong buying pressure without a major sell-off yet.

Bollinger Bands

Bollinger Bands have widened significantly as volatility increased during the rally. Price has moved above the upper band during the late afternoon breakout, which is a sign of strong momentum. However, the band contraction observed in the early morning session suggests a period of consolidation before the breakout. Price currently sits just below the upper band, suggesting the trend is intact but may face short-term resistance.

Volume & Turnover

Volume spiked during the late afternoon and evening sessions, particularly around the 13:30–16:00 ET period, confirming the strength of the move. The total notional turnover increased in line with the price action, showing no divergence between price and volume. This confirms that the rally is supported by strong on-chain buying pressure and is not driven by low-volume manipulation.

Fibonacci Retracements

Applying Fibonacci retracements to the recent 15-minute swing from 0.07527 to 0.0829, the 38.2% and 61.8% levels lie at 0.0781 and 0.0809, respectively. These levels could act as immediate support and resistance. On the daily chart, the 61.8% retracement from the recent swing low to the high is at 0.0809, suggesting that this level may test the strength of the bullish move. A break above 0.0809 could open the next target at 0.0822–0.0829.

Backtest Hypothesis

A potential backtesting strategy for this asset might involve entering long positions on a bullish breakout above the 61.8% Fibonacci level (0.0809) with a stop-loss below the 38.2% level (0.0781). This would align with the observed structure and the confirmed break above the upper Bollinger Band. Given the strong volume and MACD confirmation, such a strategy could have favorable risk/reward ratios, particularly if RSI remains in overbought territory for a short duration before retreating. A trailing stop could be used once the move extends past 0.0815 to lock in gains while maintaining exposure to the trend.