Tensor/Tether Market Overview: TNSRUSDT Posts 24-Hour Decline Amid Volatility

• TNSRUSDT declined 2.4% over the last 24 hours, with bearish momentum visible in the latter half of the period.
• Volume was unevenly distributed, with a sharp spike around 19:30–22:00 ET and a cooling-off phase in the final 6 hours.
• Price found resistance near 0.1055 and support at 0.1020, with a bearish breakout confirmed below the latter.
• RSI moved into oversold territory late in the session, while MACD remained bearish, signaling potential short-term rebound.
• Bollinger Bands showed a modest expansion in the second half of the session, indicating growing volatility and uncertainty.

Tensor/Tether (TNSRUSDT) opened at 0.1035 on 2025-10-03 at 12:00 ET, reaching a high of 0.1061 before closing at 0.1013 at 12:00 ET on 2025-10-04. Total volume for the 24-hour window amounted to 9,976,865.4, with notional turnover reaching $1,013,674.6. The price action displayed a bearish bias, with a confirmed breakdown below key support at 0.1020.

Structure & Formations

The 15-minute chart displayed several bearish formations, including a shooting star around 17:15 ET and a bearish engulfing pattern around 02:00 ET. Key resistance levels were observed at 0.1055 and 0.1061, while strong support was confirmed at 0.1020. A small bullish hammer formed late in the session at 11:45 ET, suggesting a potential short-term rebound, though the broader trend remained bearish.

Moving Averages

Using 20 and 50-period moving averages on the 15-minute chart, price closed below both lines at the end of the session, reinforcing the bearish bias. For the daily timeframe, the 50- and 200-period moving averages were not provided, but the 100-period average likely acted as resistance during the intraday high at 0.1061.

MACD & RSI

The MACD line remained below the signal line throughout the session, with a bearish crossover confirmed in the afternoon. RSI dipped into oversold territory (below 30) in the final 3 hours, indicating potential for a short-term bounce. However, the bearish divergence between price and momentum indicators suggests the bear trend could continue.

Bollinger Bands

Volatility expanded in the second half of the session, with the price moving closer to the lower band by the final hour. The 20-period Bollinger Band width increased by approximately 10% around 20:00 ET, signaling growing uncertainty among traders.

Volume & Turnover

Volume spiked sharply between 19:30 and 22:00 ET, reaching a peak of 347,894.4 in the candle ending at 19:45 ET, coinciding with a breakdown attempt. However, the final 6 hours showed a cooling off in activity, with volume averaging around 30,000 per candle. Notional turnover mirrored this pattern, with divergences observed in the last 3 hours, where price fell without strong volume, suggesting capitulation.

Fibonacci Retracements

Applying Fibonacci retracement levels to the intraday swing from 0.1035 (low) to 0.1061 (high), the 0.1050 level acted as resistance, and the 0.1044 level saw temporary support. On the daily chart, the 0.1020 level marked a key 61.8% retracement level, where price found support and may see renewed attention if a rebound occurs.

Backtest Hypothesis

A potential backtesting strategy for TNSRUSDT could leverage the bearish engulfing and hammer patterns identified in this session, combined with RSI divergence and volume dynamics. One hypothesis involves entering a short position when a bearish engulfing pattern occurs near resistance with RSI above 60 and volume increasing by at least 50% above the 20-period average. A stop-loss would be placed above the high of the engulfing candle, while a take-profit targets the next Fibonacci support level. This strategy would be most effective during periods of volatility expansion, such as observed around 19:30–22:00 ET. Further refinement could include filtering for high volume divergence in the final hours, as seen in the last candle of the session.