Tezos/Tether Market Overview

Summary
• Price opened at $0.5279, dropped to $0.4954, and closed at $0.5273.
• Volume surged to 480,457.4 with $248,852 turnover.
• A strong bullish reversal emerged near the session high.

XTZ/USDT opened at $0.5279 on 2025-11-04 12:00 ET, reached a low of $0.4954, and closed at $0.5273 as of 2025-11-05 12:00 ET. Over the 24-hour period, the pair generated $248,852 notional turnover on 480,457.4 volume, with volatility widening in the late evening hours. A strong bullish reversal emerged in the final hours of the session, suggesting short-term optimism.

Structure & Formations

Key support levels emerged at $0.5000–$0.5020, where price found recurring buyers in the 20:30–03:00 ET window. Resistance appeared at $0.5250–$0.5280, where three strong bullish closes and a confirmed bearish-to-bullish engulfing pattern were observed. A bearish engulfing pattern was noted at $0.5112–0.5077, followed by a multi-hour bullish continuation, indicating short-term indecision.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed below price at around 20:30 ET, confirming a bearish bias. However, by 04:00 ET, the 20-period line had crossed above the 50-period, forming a short-term bullish crossover. The daily chart showed a broader bullish trend, with price comfortably above all key 50/100/200-period lines.

MACD & RSI

The MACD histogram turned positive in the early morning hours, confirming the bullish crossover. RSI briefly entered oversold territory below 30 during the late evening, rebounding to overbought levels in the final 30 minutes. While not a reliable long-term signal, this indicates a strong short-term reversal in sentiment.

Bollinger Bands

Volatility expanded as price traded near the upper band in the final hour of the session, with a close near the 90th percentile of the 20-period Bollinger structure. Earlier in the evening, price was tightly compressed between the bands, signaling a potential breakout that materialized in the final hours.

Volume & Turnover

Volume spiked significantly between 20:30–21:15 ET, coinciding with a deep sell-off to $0.4976. This was followed by a massive buying wave from $0.4976 to $0.5156, generating high notional turnover. The most recent hour saw increased accumulation, with volume and price action aligning to confirm the reversal.

Fibonacci Retracements

The 61.8% Fibonacci retracement level of the $0.4976–$0.5263 move was at $0.5140, where price briefly consolidated before breaking higher. The 38.2% level at $0.5100 was a minor support area during the mid-session pullback. These levels could serve as potential pivot points in the near term.

Backtest Hypothesis

The observed bearish-to-bullish engulfing pattern near $0.5112–0.5078 could be tested as a reversal signal, particularly when coupled with RSI in oversold territory and volume spikes. A potential strategy could involve entering a long position on confirmation of a close above the engulfing pattern’s high, with a stop loss placed just below the pattern’s low. This aligns with the breakout bias and growing accumulation seen in the final hours.

A candlestick chart illustrating key support/resistance levels, Fibonacci retracements, and the final bullish engulfing pattern would visually reinforce the narrative of short-term reversal and accumulation.

A visual showing Bollinger Bands with price closing near the upper band and a histogram of volume surges in the final 4 hours would highlight the strong reversal in sentiment.