Market Overview for Sahara AI/Tether (SAHARAUSDT): 2025-09-21

• Price declined from 0.08598 to 0.08435, forming a bearish trend with a sharp selloff in midday ET.
• Volume spiked in the afternoon, confirming bearish sentiment, but waned toward the close.
• RSI and MACD signaled weak momentum and oversold conditions late in the session.
• Bollinger Bands constricted after the initial move, hinting at potential range-bound consolidation.
• Key support and resistance levels were defined by prior swing highs and lows on the 15-minute chart.

Sahara AI/Tether (SAHARAUSDT) opened at 0.08576 on 2025-09-20 at 16:00 ET and closed at 0.08435 on 2025-09-21 at 12:00 ET. The pair reached a high of 0.08603 and a low of 0.08423. Total volume traded over the 24-hour period was 13.7 million units, with a notional turnover of approximately $1,167,909. The price trend was predominantly bearish, with volatility and momentum diverging as the session progressed.

The 15-minute chart revealed key levels of interest. A strong bearish trend emerged after a sharp selloff from midday to afternoon ET, where the price dropped from 0.08598 to 0.08527 in under 2 hours. A notable bearish engulfing pattern formed during this phase, suggesting continued downward bias. Key support levels include 0.08500 and 0.08432, while resistance levels at 0.08550 and 0.08580 have been frequently tested without successful breakouts. A doji formed near 0.08432, hinting at potential short-term consolidation or reversal.

The 20-period and 50-period moving averages on the 15-minute chart crossed below key price levels in the afternoon, reinforcing bearish momentum. The 50-period MA acted as a dynamic resistance line during the session, and the price failed to close above it in the final hours. Daily MAs (50, 100, 200) were not directly tested, but the price remains below all three, indicating a longer-term downtrend remains intact.

MACD showed bearish divergence in the afternoon, with the histogram contracting after the initial selloff, suggesting weakening momentum. RSI hit an oversold level near 28 by the close, raising the possibility of a short-term bounce. Bollinger Bands constricted after the sharp move down, indicating potential range-bound activity or a breakout attempt. Price traded within the lower band for most of the session, with occasional retests of the midline.

Backtest Hypothesis
A potential strategy could involve using the 50-period EMA as a trigger for short positions when the price closes below the MA and RSI confirms oversold conditions. Stops could be placed above recent swing highs (e.g., 0.08527), with a target at the next Fibonacci level or support zone at 0.08432–0.08423. A long entry could be considered if price retests the 0.08435 level with strong volume and a bullish reversal candle. This would align with the bearish engulfing pattern and RSI divergence observed earlier in the session.