Tensor/Tether (TNSRUSDT) Market Overview: 24-Hour Candlestick Breakdown

• Tensor/Tether (TNSRUSDT) dropped to a 24-hour low of $0.0495 before rebounding, forming multiple bullish reversal signs near key support.
• Strong bearish momentum in the early hours, with RSI hitting oversold territory, suggesting potential for a near-term bounce.
• Volatility expanded during the session, with volume surging to over 1.5 million contracts near the close, highlighting increased interest.
• A 15-minute bullish engulfing pattern formed at $0.0496, indicating short-term buyers may re-enter.
• Price is now consolidating above the 61.8% Fibonacci level, suggesting a potential short-term pivot ahead.

Tensor/Tether (TNSRUSDT) opened at $0.0511 on 2025-10-30 at 12:00 ET, reached a high of $0.0526, a low of $0.0495, and closed at $0.0543 by 12:00 ET on 2025-10-31. The total 24-hour volume was approximately 18.8 million contracts, with a notional turnover of $998,000.

Structure and formations on the 15-minute chart revealed a significant bearish breakdown during the early trading hours, with price testing and bouncing off the $0.0495 level. This low formed a potential bullish reversal pattern, including a 15-minute bullish engulfing candle at $0.0496. The price then began a gradual ascent, forming a series of higher lows and consolidating above the 61.8% Fibonacci retracement level from the earlier drop. Resistance appears to be forming near $0.0543, coinciding with the previous 50-day high.

The 20-period and 50-period moving averages on the 15-minute chart crossed over to the upside during the last 6 hours of the session, suggesting short-term bullish momentum. On the daily chart, the 50-period MA is approaching the 200-period MA, indicating a potential medium-term trend shift.

MACD turned positive in the final 4 hours of the session, with the histogram expanding, showing strong bear-to-bull momentum switching. RSI bottomed out near 28 (oversold) around $0.0495 and rose sharply, confirming the bounce. Price may retest the 70 overbought level in the coming 24 hours.

Bollinger Bands expanded during the bounce, with the price currently sitting just below the upper band at $0.0543. Volatility appears to be peaking at this stage, suggesting a potential for a pullback if the upper band is not broken.

Volume spiked significantly near the $0.0543 level, with 1.5 million contracts traded in the last 4 hours, indicating strong conviction among buyers. Turnover spiked in tandem, confirming the bullish move. A divergence is forming between price and volume as the price nears the upper Bollinger Band, which may signal caution for near-term buyers.

Applying Fibonacci retracement to the recent 15-minute swing (from $0.0495 to $0.0543), key levels at 38.2% ($0.0513), 50% ($0.0519), and 61.8% ($0.0524) are now in play. Price appears to have already bounced off the 61.8% level, suggesting it may target the 76.4% extension level at $0.0535 in the next 24 hours.

Backtest Hypothesis: For a potential long entry strategy based on the bullish engulfing pattern observed near $0.0496, a swing-high / pivot exit could be implemented. Define a local high as a 3-candle peak with a minimum of a 2% gain from the entry level. If no such peak forms within 30 trading days, the position closes at the 20-day moving average. This rule allows for capturing short-term momentum while managing open-ended exposure. The next step would involve identifying all Bullish Engulfing candles for TNSRUSDT since 2022 and generating the matching exit signals for each entry using this rule.