Market Overview: Sahara AI/Tether (SAHARAUSDT) on 2025-10-05

• Sahara AI/Tether (SAHARAUSDT) rose 4.5% in 24 hours, with a breakout above 0.0800 and strong volume confirmation.
• The 15-minute chart shows a bullish engulfing pattern near 0.0792, followed by a sustained rally toward 0.0822.
• RSI reached overbought levels (72–76), while MACD showed positive divergence with price at 0.0815.
• Volatility expanded significantly between 04:00 and 08:00 ET, with Bollinger Bands widening to 0.0822–0.0790.
• Total volume surged to 11.7M, with the largest single candle (08:15–08:30 ET) contributing 24.8M in turnover.

Price Action and Open/Close Summary

Sahara AI/Tether (SAHARAUSDT) opened at 0.07867 on 2025-10-04 at 12:00 ET, reached a 24-hour high of 0.08221 at 08:15 ET, and closed at 0.08012 as of 12:00 ET on October 5. The pair surged nearly 4.5% during the 24-hour period, with total trading volume reaching 11.7 million and notional turnover exceeding $9.3 million. The move was characterized by a clear breakout from a narrow consolidation range into a bullish phase.

Structure & Formations

The 15-minute chart reveals key support and resistance levels forming during the session. A bullish engulfing pattern at 0.0792 (19:15–19:30 ET) marked a turning point, followed by a series of higher highs and higher lows. Resistance levels formed at 0.0796, 0.0805, and 0.0810, all of which were tested and either broken or rejected. A bearish reversal candle appeared at 08:15–08:30 ET (0.08201–0.08185), suggesting possible profit-taking, though the 0.0800 level held as a strong support.

Moving Averages

On the 15-minute timeframe, the 20-period moving average crossed above the 50-period line near 0.0800, signaling a bullish crossover. The 50-period MA rose steadily from 0.0794 to 0.0806, aligning closely with the price. On the daily chart, the 50-period MA stands at 0.0798, slightly below the 200-period MA at 0.0793, indicating the trend is still forming rather than being long-term bullish.

MACD and RSI Momentum

The MACD turned positive at 0.0795, expanding into a strong bullish signal as the pair surged past 0.0800. The histogram showed a steady build-up in momentum from 05:00 to 08:00 ET before diverging slightly with price. RSI reached overbought territory (72–76) between 06:00 and 10:00 ET, though it failed to breach 78, which may indicate a moderate correction. The overbought reading suggests caution for further upside unless volume remains strong.

Bollinger Bands and Volatility

Volatility spiked sharply between 04:00 and 08:00 ET, with the Bollinger Bands expanding from 0.0796–0.0804 to 0.0790–0.0822. Price spent much of the session in the upper half of the bands, particularly after the 0.0805–0.0820 range. This suggests growing bullish momentum, though the current price of 0.08012 sits slightly below the 20-period moving average, indicating a possible consolidation phase.

Volume and Turnover

Volume spiked during key price moves, with the most significant being the 08:15–08:30 ET candle, which accounted for 24.8M in turnover. This candle closed at 0.08185, indicating strong buying pressure. However, after 10:00 ET, volume began to taper off, which could signal a potential pullback or consolidation. The divergence between rising price and falling volume in the final hours suggests caution for short-term traders.

Fibonacci Retracements

Fibonacci levels from the 0.0786–0.0822 swing show 0.0800 aligning with the 50% retracement level, and 0.0795–0.0805 falling within the 38.2%–61.8% zone. The 0.0822 high is the 100% extension from the 0.0792–0.0815 move, suggesting that a retracement toward 0.0800 may offer a high-probability entry for bullish continuation.

Backtest Hypothesis

A backtest strategy using a bullish engulfing candle on the 15-minute chart combined with a RSI above 60 and a close above the 20-period MA would have yielded a successful short-term trade in this session. The pattern formed at 0.0792 (19:15–19:30 ET) triggered a long signal, which was confirmed by the subsequent MACD crossover and a breakout above 0.0800. A stop-loss placed below 0.0790 and a take-profit at 0.0815 would have captured most of the upward move. This suggests that similar patterns in future sessions could be used to refine a trend-following system.