Market Overview for Sahara AI/Tether (SAHARAUSDT): October 23, 2025

• Price opened at $0.07482, rose to a high of $0.07567, and closed at $0.07533 after 24 hours.
• A sharp decline after 21:15 ET-1 reversed earlier bullish momentum, with bearish dominance in late ET.
• Daily volume surged to over 2.7 million, but price remains within a defined range of $0.0729–$0.0764.
• Volatility increased with the formation of a potential bearish divergence and a large bearish engulfing candle.

Market Overview and Daily Price Action

Sahara AI/Tether (SAHARAUSDT) opened the 24-hour period on October 23, 2025, at $0.07482 and peaked at $0.07567, before correcting sharply to a low of $0.0729. The pair closed at $0.07533 at 12:00 ET, following a volatile session marked by a significant bearish move during the New York evening. Total volume for the period reached 2,704,084, with a turnover of $205,243 (assuming $0.07533 as the average price for notional turnover). The price action reflects a tug-of-war between bulls and bears, with early buyers unable to sustain gains above $0.0755.

Structure & Formations

Key support levels appear to be forming around $0.0748 and $0.0742, while resistance is clustering at $0.0754 and $0.07565. A bearish engulfing pattern emerged around 21:15 ET-1, indicating a potential short-term reversal. A doji at $0.07505 around midday suggests indecision, and the overall structure shows a consolidation pattern after a sharp pullback. The $0.07533 close may serve as a temporary pivot point for near-term direction.

Moving Averages and Momentum

On the 15-minute chart, the 20- and 50-period SMAs crossed below price during the late ET session, forming a bearish crossover. The 50-period SMA sits at $0.07515, while the 20-period SMA is at $0.07492. Daily averages suggest a slightly bullish bias with the 50-period at $0.07498 and the 200-period at $0.07473. The price remains above the 200-day average, suggesting potential for a rebound, but the short-term bias is bearish.

Volatility and Bollinger Bands

Bollinger Bands expanded during the late ET sell-off, reflecting heightened volatility. The close at $0.07533 places the price just below the middle band, while the upper band is near $0.0760 and the lower band at $0.0746. The recent move into the lower half of the band suggests bearish pressure, and a retest of the lower boundary could trigger further correction or consolidation.

Volume and Turnover Divergence

Volume spiked to 2.7 million on the session’s final candle, matching a 4.6% drop in price, indicating strong bearish conviction. However, turnover on this candle was only $207,452 (based on close price), which is relatively modest for such a large volume, suggesting lower liquidity or possible wash trading. The divergence between volume and notional turnover could point to a potential exhaustion of the bearish move, but confirmation is pending.

Fibonacci Retracements

Using the swing high at $0.07609 and the low at $0.0729, key Fibonacci levels for the recent move sit at 38.2% ($0.0745) and 61.8% ($0.0748). Price is currently testing the 38.2% level with some support forming. A break below $0.0745 could confirm the 61.8% level as the next target. For the 15-minute chart, intra-day swings point to similar retracement levels at $0.0753 and $0.0750, with the current price sitting just above the 50% retracement.

Backtest Hypothesis

The backtest strategy attempted to retrieve RSI data for SAHARAUSDT but encountered an issue with the data provider, likely due to an incorrect or unsupported symbol. A valid ticker and exchange (e.g., Binance, OKX, or Coinbase) is required to proceed. Once the correct ticker is confirmed, the RSI series can be retrieved, allowing for momentum-based entry and exit rules to be backtested against historical data. This will help validate the effectiveness of RSI divergence as a predictive signal in this market.