Market Overview for Sahara AI/Tether (SAHARAUSDT) – 2025-11-05

Summary
• Sahara AI/Tether (SAHARAUSDT) closed at 0.07683 after a volatile 24-hour period.
• A sharp 11.6% rally to 0.07765 in early evening ET was followed by a pullback.
• Average daily volume of 1.1 million contracts suggests moderate accumulation.

Structure & Formations

Sahara AI/Tether (SAHARAUSDT) opened at 0.07238 on 2025-11-04 and closed at 0.07683 on 2025-11-05, reaching a high of 0.07983 and a low of 0.07205. A prominent bullish reversal pattern formed around 19:00 ET, with a 1.4% upward gap and strong confirmation candles. A critical support level appears to be forming near 0.0768–0.0770, with resistance near 0.0777–0.0780. A potential bearish divergence in late-night price action suggests caution for further short-term upside.

Moving Averages

On the 15-minute chart, the 20-period moving average crossed above the 50-period line early in the session, suggesting initial bullish momentum. However, the 50-period line began to flatten by the late evening, signaling a possible slowdown in bullish pressure. On the daily chart, the 50-period moving average remains well below the 200-period line, indicating the pair remains in a longer-term downtrend but with recent accumulation pressure.

MACD & RSI

The 15-minute MACD line crossed above the signal line around 19:00 ET, confirming the initial rally, but has since diverged with price during the late-night pullback. RSI reached overbought territory during the high near 0.07983 but fell back into neutral territory by the close, suggesting the bounce may be overextended. RSI currently sits near 52, indicating balanced but cautious momentum.

Bollinger Bands

Bollinger Bands show moderate volatility with a recent expansion following the sharp rally. Price briefly touched the upper band before retracting, and now appears to be consolidating near the 0.0770–0.0775 range, which lies within the bands. A potential retest of the upper band could occur if the support holds, but a breakdown below the lower band would signal renewed bearish sentiment.

Volume & Turnover

Volume surged during the 19:00 ET hour, with over 3.1 million contracts traded as price rose sharply to 0.07983. Notional turnover increased in tandem, confirming the strength of the move. However, volume has since declined significantly, with the most recent 15-minute candles showing below-average participation, suggesting distribution rather than accumulation. Divergence between price and volume in the late session raises concerns about the sustainability of the bullish move.

Fibonacci Retracements

Applying Fibonacci retracements to the key 0.07205–0.07983 swing, the 0.618 level sits near 0.0766–0.0768, which aligns with current price consolidation. This suggests a potential support zone for the next 24–48 hours. A break below 0.0766 would target the 0.0756–0.0758 level on the daily chart, reinforcing a bearish bias if the support fails.

Backtest Hypothesis

To validate the short-term bullish potential seen during the 19:00 ET rally, a backtesting strategy would require identifying prior instances of a Bullish Engulfing pattern in SAHARAUSDT. This pattern typically consists of a large bullish candle following a small bearish one and can signal short-term reversals. However, due to missing data from the technical-indicator API, the specific event dates for these patterns could not be retrieved. Once we obtain a list of confirmed Bullish Engulfing dates, a 3-day-hold strategy could be backtested to evaluate win rate and profitability. In the interim, a small sample of known dates or a retry with a different data source is needed to proceed.