Theta Network/Tether Market Overview (THETAUSDT) – October 31, 2025

• Price fluctuated within a tight range between $0.468 and $0.498, with a 24-hour close near $0.495
• RSI moved into overbought territory after a late-night rally, suggesting potential near-term exhaustion
• Volatility spiked during the early hours of October 31, with a sharp increase in trading volume
• A key resistance zone formed at $0.492–$0.496, which saw multiple tests and rejections
• The 20-period MA provided a temporary floor during the midday selloff, supporting bullish continuation

Theta Network/Tether (THETAUSDT) opened at $0.478 on October 30 at 12:00 ET, reaching a high of $0.498 before settling at $0.495 by the close of the 24-hour window. The pair traded within a range of $0.468 to $0.498, with total volume of 1,825,493.6 and notional turnover of $904,531.80. A late-night rally pushed the price toward overbought RSI levels, setting the stage for potential near-term consolidation or reversal.

Structure & Formations

The 15-minute chart revealed a bullish pennant pattern forming near $0.492, with a clear upward bias following the breakout. A series of higher lows between $0.476 and $0.492 formed a strong support corridor, which appears to have held during several pullbacks. A bearish engulfing candle formed at $0.474–$0.477, signaling a short-term reversal, but bullish momentum reemerged in the final hours of the session. A key resistance level at $0.492–$0.496 has shown repeated rejections, suggesting a potential turning point ahead.

Moving Averages

The 20-period MA on the 15-minute chart acted as a dynamic support during the midday selloff, supporting a continuation of bullish momentum. The 50-period MA aligned closely with the 20-period MA, reinforcing a positive bias. On the daily chart, the 50 and 200-period MAs are in a bullish alignment, with the price comfortably above both. The 100-period MA, however, remains closer to the current price, indicating the need for further confirmation before a long-term breakout.

MACD & RSI

The RSI indicator crossed above 70 in the final hours of the 24-hour window, entering overbought territory and suggesting a potential pullback. The MACD histogram expanded during the late-night rally, showing increasing bullish momentum. However, the RSI divergence in the last three candles hinted at potential bearish pressure. Investors may watch for a retest of the 70 level and a potential reversal if the RSI fails to break higher.

Bollinger Bands

Volatility expanded during the final hours, pushing the price near the upper Bollinger Band, which coincided with the RSI crossing into overbought territory. The narrowing of the bands earlier in the session suggested a period of consolidation before the breakout. The price remained within the bands throughout, indicating controlled volatility and a lack of extreme market sentiment. A break above the upper band could signal a continuation of the rally, while a drop below the lower band may indicate renewed bearish pressure.

Volume & Turnover

Trading volume spiked during the late-night hours, with a notable increase in notional turnover as the price approached $0.495. The volume-to-price action remained aligned, with higher prices correlating with increased buying pressure. However, a divergence appeared in the final 15-minute candle, where volume increased but price remained flat, suggesting possible exhaustion in the bullish momentum. Investors may monitor the volume profile for confirmation of a continuation or reversal.

Fibonacci Retracements

On the 15-minute chart, the recent rally from $0.476 to $0.498 aligns with the 61.8% Fibonacci retracement level, suggesting a potential consolidation phase. On the daily chart, the Fibonacci levels highlight a 38.2% retracement at $0.486 and a 61.8% level near $0.498, both of which coincided with key resistance levels. A break above the 61.8% retracement would validate further bullish momentum, while a pullback to the 38.2% level could see a temporary retest of support.

Backtest Hypothesis

The RSI-70 Momentum strategy—triggering long entries when RSI14 crosses above 70 and exits when it falls back below—aligns with the recent price action. The late-night RSI breakout above 70 coincides with the strategy’s entry signal. Given the current RSI overbought condition and the formation of a bullish pennant, the strategy may find validation in the coming hours, assuming the price holds above $0.492. Traders following this strategy would need to monitor for a RSI14 pullback below 70 as a potential exit trigger.