Market Overview for Sahara AI/Tether (SAHARAUSDT) on 2025-10-03

• Price surged to 0.08449 before retracting to 0.08112, forming a bearish divergence.
• RSI dropped into oversold territory near 0.08112, hinting at potential short-term bounce.
• Volatility expanded early, with a 15-minute high-low range of 0.00141, later consolidating.
• Bollinger Bands widened as price moved from upper band to lower band, confirming high volatility.
• A bullish engulfing pattern emerged around 0.0822–0.0824, suggesting a potential near-term reversal.

Sahara AI/Tether (SAHARAUSDT) opened at 0.08141 on 2025-10-02 16:00 ET and traded between 0.08449 and 0.08068 over the next 24 hours, closing at 0.08148 on 2025-10-03 10:00 ET. The pair saw a total trading volume of 10,940,490 and notional turnover of approximately $891,934.

Structure & Formations

Price action showed a strong bearish reversal after a sharp 15-minute high of 0.08449. A long bearish candle formed around that high, followed by a series of lower highs and lower lows. A key support level was identified at 0.0822–0.0824, marked by a bullish engulfing pattern. A potential resistance is seen at 0.0827–0.0830. A doji around 0.08333 suggested indecision and possible reversal.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed to the downside, confirming bearish momentum. Daily moving averages (50, 100, 200) also showed a declining trend, indicating a weak near-term outlook. Price remains below all key moving averages, reinforcing bearish pressure.

MACD & RSI

MACD remained in negative territory, with the histogram shrinking slightly after the bearish high. RSI dipped below 30, hitting oversold conditions near 0.08112, which may signal a short-term bounce. However, without a clear bullish reversal, the RSI may remain in the lower range for some time.

Bollinger Bands

Volatility was high early in the session, with the Bollinger Bands widening. Price moved from the upper band at 0.08449 to the lower band at 0.08068, confirming the expansion. This suggests an increase in market uncertainty and potentially volatile trading conditions. Price recently settled near the lower band, indicating potential support.

Volume & Turnover

Volume spiked to 2,974,642 during the bearish breakout near 0.08449, confirming the move. A volume contraction followed after that high, suggesting weakening momentum. Notional turnover reached $891,934, with the largest portion concentrated around the bearish candle at 0.08449. A divergence between falling price and rising volume was not observed, so the bearish move appears confirmed.

Fibonacci Retracements

Applying Fibonacci to the 15-minute swing from 0.08449 to 0.08068, 38.2% and 61.8% levels were hit at 0.0829 and 0.0819, respectively. Price bounced slightly after hitting the 61.8% level but failed to break above the 38.2% level. Daily Fibonacci levels are also near key support/resistance levels identified above.

Backtest Hypothesis

Given the recent bearish momentum and RSI entering oversold territory, a potential short-term bounce could be expected. A backtesting strategy could be built around entering long positions near the 0.0812–0.0814 level (just above the 61.8% Fibonacci level) with a stop loss below 0.08068. A target could be placed at 0.0822–0.0824, aligning with the bullish engulfing pattern. MACD and RSI divergence could be used to time entries and exits, confirming the reversal potential.