Market Overview for Sahara AI/Tether (SAHARAUSDT)

• Price dipped from 0.08879 to 0.0868 before a late recovery to 0.08832 at 01:15 ET, showing resilience.
• Volume peaked at 0.08693 and 0.08686, while turnover surged during 04:15–04:30 ET, suggesting accumulation.
• RSI and MACD showed mixed momentum, with no clear overbought/oversold signals throughout the 24-hour period.
• Bollinger Bands narrowed during the 18:00–20:00 ET consolidation, later expanding with price retests of key levels.
• Fibonacci retracements at 0.0876 (61.8%) and 0.0882 (38.2%) acted as pivot points during the price recovery.

Sahara AI/Tether (SAHARAUSDT) opened at 0.08825 at 12:00 ET-1 and closed at 0.08708 at 12:00 ET. The pair touched a high of 0.08879 and a low of 0.0866, with a total volume of 5,119,820 tokens and turnover of $446,299.14 over 24 hours. The price action displayed a late-day recovery, with buyers stepping in near 0.0870–0.0875 range.

Structure & Formations

Price action showed a clear bearish consolidation between 0.0866 and 0.0875 before breaking out to the upside after 00:00 ET. A key bullish engulfing pattern formed at 02:45–03:00 ET, indicating short-term strength. A doji appeared at 03:45 ET, hinting at indecision. Key support levels identified include 0.0868–0.0870, while resistance is seen at 0.0878–0.0883. These levels were tested multiple times during the 24-hour window.

Moving Averages

On the 15-minute chart, the 20-period SMA crossed above the 50-period SMA near 0.0870, forming a potential bullish signal. However, the 50-period SMA remains above the 100-period and 200-period SMA, indicating a bearish bias on a longer time horizon. Price appears to be consolidating between the 20 and 50 SMA, suggesting a possible breakout in either direction.

MACD & RSI

The MACD line crossed the signal line twice: once in bearish territory and again in a bullish crossover near 00:00–01:00 ET. RSI fluctuated between 40 and 60 throughout the period, showing no extreme overbought or oversold conditions. This suggests the market is in a neutral to slightly bullish consolidation phase, with momentum favoring buyers in the final 6 hours of the 24-hour window.

Bollinger Bands

Bollinger Bands narrowed during 18:00–20:00 ET and then expanded as price broke out. The closing price at 12:00 ET settled just below the upper band at 0.08832, suggesting strong relative momentum. The recent expansion of the bands may signal increased volatility and a possible continuation in the current direction.

Volume & Turnover

The highest volume occurred at 04:15–04:30 ET with 923,067 tokens traded, and the highest turnover was at 04:30–04:45 ET with $81,111.23. These spikes suggest potential accumulation or distribution phases. Price and turnover aligned in the late hours, indicating a stronger degree of conviction among market participants.

Fibonacci Retracements

Applying Fibonacci levels to the 0.0866–0.08879 swing, the 61.8% retracement at 0.0876 and 38.2% at 0.0882 acted as key pivot zones. Price found support near 0.0876 and resistance near 0.0882 before the final push to 0.08832. These levels could be tested again in the next 24 hours as critical decision points for further direction.

Backtest Hypothesis

A potential backtest strategy could involve a bullish breakout entry when price closes above 0.0878 (38.2% retracement), with a stop below 0.0870 (support) and a target at 0.0885 (next Fibonacci level). This strategy would aim to capture short-term momentum from the recent consolidation and would benefit from a bullish MACD crossover and strong volume confirmation at key levels.