Stratis/Tether (STRAXUSDT) Market Overview: 24-Hour Analysis for 2025-09-24

• Price dipped to a 24-hour low of $0.03962 before closing near $0.03985, reflecting bearish momentum.
• Volume spiked at the 4 AM ET trough but failed to confirm a reversal, indicating weak conviction.
• RSI entered oversold territory, hinting at potential short-term support near $0.03970–$0.03980.
• Bollinger Band contraction followed by expansion suggests increased volatility and potential breakouts.
• A bullish engulfing pattern emerged near the 10 AM ET close, suggesting possible near-term rebound.

Opening and Closing Summary

At 12:00 ET on 2025-09-23, Stratis/Tether (STRAXUSDT) opened at $0.0402 and reached a high of $0.04044 during the session. The pair then fell to a low of $0.03962 and closed at $0.03985 by 12:00 ET on 2025-09-24. The 24-hour volume amounted to 3,661,883 STRAX, with a total turnover of approximately $143,457. The price remains within a tight range, suggesting a continuation of consolidation.

Structure & Formations

STRAXUSDT has formed a key support zone around $0.03960–$0.03980, with a 4 AM ET candle forming a bearish engulfing pattern as prices sank to a 24-hour low. A bullish engulfing pattern followed near $0.03985 in the late morning, indicating potential for a short-term reversal. A doji formed near $0.03994, signaling indecision at the upper boundary of the range. Resistance appears to be building around $0.04005–$0.04015, where prior rejection occurred.

Volume & Turnover Analysis

Volume surged during the 4 AM ET low, reaching 290,988 STRAX, yet the price failed to close above the $0.03980–$0.03990 range, suggesting bearish conviction. Turnover spiked during this period, with notional value reaching $11,474. In contrast, volume dropped during the late morning rally, indicating weaker buying momentum. A divergence between price and volume at key reversal points implies caution ahead of any breakout.

MACD & RSI Assessment

The RSI dipped to 28, entering oversold territory, suggesting potential for a near-term bounce off the $0.03970–$0.03980 range. Meanwhile, the MACD line crossed below the signal line, indicating bearish momentum. The histogram has been shrinking during the morning hours, suggesting a potential slowdown in the downtrend. These indicators point to a possible short-term rebound if buyers step in at the $0.03970 level.

Bollinger Bands and Volatility

Volatility expanded significantly following a narrow Bollinger Band contraction at 5 AM ET, with the price breaking below the lower band and settling in the lower third of the expanded range. This suggests increased bearish pressure and a possible continuation of the current downtrend. However, the price remains within a defined range, and a reversal near the lower band could occur if the RSI continues to show divergence.

Backtest Hypothesis

Given the formation of a bullish engulfing pattern and RSI entering oversold territory, a potential short-term reversal strategy could be tested. A backtest would involve entering a long position at a close above $0.03980, with a stop-loss at $0.03970 and a target at $0.04015. This aligns with the 38.2% Fibonacci retracement level of the recent bearish move. The strategy would benefit from strong volume confirmation at entry and a breakout above the 50-period moving average for added momentum validation. A trailing stop could be used to lock in gains as the price approaches key resistance.