Market Overview for Audius/Tether (AUDIOUSDT) – 2025-09-22

• Price fell 10.3% in 24 hours, hitting a 24-hour low of $0.0558.
• Volatility expanded sharply after 03:45 ET with a 9.5% intra-candle drop.
• RSI entered oversold territory below 25, suggesting potential near-term bounce.
• Volume surged 12.5x in the 06:15–06:30 ET period, amid a sharp bearish trend.
• Bollinger Bands widened, reflecting heightened uncertainty and potential consolidation.

Price and Volume Summary

At 12:00 ET–1 on 2025-09-21, Audius/Tether (AUDIOUSDT) opened at $0.0615, reached a high of $0.0617, a low of $0.0558, and closed at $0.0567 at 12:00 ET on 2025-09-22. Total trading volume for the 24-hour window was 6,795,405.6, with notional turnover amounting to $369,244. The price action showed a bearish bias with a clear breakdown pattern.

Structure & Formations

The price experienced a sharp decline from $0.0615 to $0.0561, forming a long bearish candle with a high wick around 03:45 ET, indicating aggressive selling pressure. A potential support level appears to be forming near $0.0565–0.0567, which has been tested multiple times. A doji formed at 22:15 ET, suggesting indecision ahead of the downtrend. A key resistance zone may be in place at $0.0612–0.0615, where the price stalled multiple times before breaking down.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart crossed below key price levels as the trend deteriorated, confirming bearish momentum. On a longer time frame, the 50/100/200-day averages are likely aligned in a bearish configuration, with price below all three, suggesting continuation of the downtrend unless a strong reversal is seen.

MACD & RSI

The MACD line turned negative sharply after 04:00 ET and continued to fall, reinforcing bearish momentum. The histogram contracted slightly near the end of the 24-hour window, suggesting potential exhaustion. RSI bottomed out below 25 near $0.0558, indicating the pair may be oversold, and a rebound could be on the horizon.

Bollinger Bands

Bollinger Bands expanded significantly after the 03:45 ET candle, indicating increased volatility. Price has remained below the 2σ (lower) band for much of the session, suggesting bearish control. The narrowing of the bands earlier in the session may have indicated a potential breakout, which materialized in the form of a sharp decline.

Volume & Turnover

Volume surged over 12x during the 06:15–06:30 ET period amid the sharp price decline, validating the bearish move. Notional turnover was also elevated during this period. Divergence appeared after 08:00 ET as volume waned but price continued lower, suggesting possible exhaustion.

Fibonacci Retracements

Applying Fibonacci levels to the 24-hour swing from $0.0617 to $0.0558, the 61.8% level sits at $0.0577. Price has yet to retest this level, but a bounce from the current 38.2% retracement at $0.0585 could signal a potential countertrend. Daily retracements suggest a possible support at $0.0544 (61.8% of a larger decline), which traders may watch for further bearish extension.

Backtest Hypothesis

Given the technical environment, a potential backtesting strategy could involve a short entry on a break below $0.0567, with a stop above the 20-period moving average and a target aligned with the 61.8% Fibonacci level at $0.0544. A long entry might be considered if RSI remains above 25 and price closes above $0.0567 with rising volume, targeting the 38.2% retracement at $0.0577.