Audius/Tether (AUDIOUSDT) Market Overview: 2025-09-18 12:00 ET – 2025-09-19 12:00 ET

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• Price dropped from 0.0634 to 0.0616 over 24 hours, forming a bearish trend with key resistance at 0.0635.
• Volatility expanded significantly, with a 61.8% Fibonacci level near 0.0619 acting as a short-term support.
• High volume confirmed the bearish move during key selloffs in early ET hours.
• RSI and MACD indicated bearish momentum, with RSI nearing oversold territory at 28.
• Bollinger Bands expanded, suggesting increased price uncertainty ahead.

The Audius/Tether (AUDIOUSDT) pair opened at 0.0629 on 2025-09-18 at 12:00 ET and declined to a 24-hour low of 0.0614 by 15:15 ET on 2025-09-19. The pair closed at 0.0616 at 12:00 ET on 2025-09-19, with total volume of 5,447,246.4 and notional turnover of 339.49 (in Tether). A bearish continuation appears likely as key support levels were tested with confirmed volume.

The 15-minute chart displayed a clear bearish bias, with a series of bearish engulfing patterns and lower highs from mid-ET hours. Resistance at 0.0635 held firm during brief rallies, but failed to attract buying interest, reinforcing its role as a psychological and Fibonacci (61.8%) barrier. Support at 0.0619 and 0.0616 was tested with moderate volume, but price failed to close above 0.0621, indicating a lack of conviction in bullish follow-through.

Moving averages on the 15-minute chart showed a bearish crossover between 20-period and 50-period SMAs, while the 50-period daily line remained above the 200-period, suggesting a medium-term bearish bias. MACD lines stayed below the zero line with negative divergence in the histogram, and RSI dipped into oversold territory at 28, suggesting potential for a short-term bounce but not a reversal. Bollinger Bands expanded in the last 6 hours of the 24-hour window, pointing to rising volatility and uncertainty.

The Fibonacci retracement levels, applied to the 24-hour swing from 0.0635 to 0.0614, highlighted 0.0621 (38.2%) as a potential near-term resistance and 0.0619 (61.8%) as a possible support. Price spent much of the session consolidating near these levels, suggesting they could be key for the next 24 hours. The volume profile showed strong selling pressure in the 0.0621–0.0625 range during the early ET hours, confirming the bearish trend.

Backtest Hypothesis
The provided backtesting strategy involves entering short positions when the 50-period EMA crosses below the 200-period EMA (death cross), with a stop-loss placed above the 20-period high and a target at the 61.8% Fibonacci level. This aligns with the observed bearish divergence in MACD and RSI, as well as the confirmed bearish EMA crossover on the 15-minute chart. The 24-hour close at 0.0616 suggests the 61.8% level has been a meaningful support, which could serve as a viable target for shorts. However, the RSI’s proximity to oversold levels implies a temporary bounce may occur before further bearish continuation.