Market Overview for Stratis/Tether (STRAXUSDT) – 2025-10-01

• STRAXUSDT rose from $0.03654 to $0.03898, forming a bullish bias with volume increasing to 396,958.
• RSI hit overbought levels near 70, suggesting momentum may pause or retrace.
• Bollinger Bands widened, indicating rising volatility and a potential continuation or pullback.
• Volume and price aligned in the final hours, confirming the upward thrust into $0.03898.

Stratis/Tether (STRAXUSDT) opened at $0.03654 on 2025-09-30 12:00 ET and closed at $0.03898 on 2025-10-01 12:00 ET, reaching a high of $0.03898 and a low of $0.03636. Total 24-hour volume reached 396,958 units, with notional turnover amounting to $15,131.60 (calculated from volume and average price).

The 24-hour price action formed a clear bullish bias, with a 15-minute candle on 10:45–11:00 ET printing a strong bullish engulfing pattern. A key support level appears to be forming around $0.0374–0.0376, where several consolidation candles emerged. Resistance is now at $0.0388–0.0389, with a potential break above this level signaling a broader bullish trend.

MACD crossed above the signal line mid-day, confirming rising bullish momentum. RSI surged to overbought territory (near 70) in the final hours, suggesting a potential pause or consolidation. Bollinger Bands expanded significantly, indicating heightened volatility and a high probability of continuation or a sharp retracement.

Volume and price action aligned in the final stretch, with a sharp surge in volume accompanying the push above $0.0388. Fibonacci retracement levels from the low of $0.03636 to the high of $0.03898 place key psychological levels at $0.0378 (61.8%) and $0.0374 (38.2%). Price is now perched near $0.0389, suggesting a potential pullback or consolidation before a new leg higher.

A possible backtest hypothesis would involve a long bias triggered by the bullish engulfing pattern on the 15-minute chart, confirmed by a RSI crossover above the 50 level and a MACD bull cross. A stop-loss could be placed just below the 15-minute low of the pattern (e.g., $0.0373), while a take-profit could be aligned with the 61.8% Fibonacci retracement level at $0.0388. This strategy could be backtested using a 15-minute STRAXUSDT dataset from the past 90 days to assess win/loss ratio and risk/reward profile.