Stratis/Tether (STRAXUSDT) Market Overview

• Price rose from $0.04297 to $0.04434, showing strong bullish momentum.
• Key resistance appears near $0.0441–0.0442, with a breakout toward $0.0443–0.0444.
• Volume surged above 1 million STRAX near the session high, confirming strength.
• RSI hit 65–68 during the rally, signaling potential overbought conditions.
• Bollinger Bands show moderate expansion, indicating increased volatility.

Opening Narrative

Stratis/Tether (STRAXUSDT) opened at $0.043 on 2025-09-17 12:00 ET and reached a high of $0.04466 before closing at $0.04396 by 12:00 ET on 2025-09-18. The price traded between $0.04297 and $0.04466 over the 24-hour period. Total volume was 5.5 million STRAX, with a notional turnover of approximately $244,000.

Structure & Formations

The 15-minute chart shows a strong bullish trend forming after a key breakout above the $0.0431 resistance zone. A large bullish engulfing pattern formed around 19:30 ET on 2025-09-17, confirming a shift in momentum. A minor support appears near $0.0438–0.0439, with a major resistance cluster forming at $0.0441–0.0442, where price has twice tested. A doji at $0.04434 suggests indecision as the pair approached $0.0444.

Moving Averages

The 15-minute chart shows price running well above both the 20-period and 50-period moving averages (SMA 20 at ~$0.04365 and SMA 50 at ~$0.0435). Daily MAs are not as bullish, with the 50-period SMA sitting at ~$0.0434, indicating that the 15-minute bullish trend may outpace the daily trend.

MACD & RSI

The MACD turned positive and remained bullish across the late afternoon and evening hours, with a peak histogram value observed near 19:30 ET. The RSI climbed to 68–70, entering overbought territory for short periods, particularly during the morning hours of 2025-09-18. This suggests that while momentum is strong, caution is warranted as overbought conditions may trigger a pullback.

Bollinger Bands

Bollinger Bands show a moderate widening during the late afternoon and early evening, coinciding with the breakout move. Price spent much of the morning within the band and pushed above the upper band during the 19:30–22:30 ET window. The current price sits slightly below the upper band at $0.0441–0.0442, indicating that volatility has increased but remains bounded within a defined range.

Volume & Turnover

Volume and turnover were closely aligned throughout most of the 24-hour window. The largest volume spike occurred at 19:30 ET, where ~66,820 STRAX traded as the pair broke above $0.04362. Another sharp increase at 23:30 ET confirmed the continuation of the bullish momentum. Price and turnover moved in tandem, suggesting the trend has strong underlying conviction.

Fibonacci Retracements

Applying Fibonacci retracement to the 15-minute swing from $0.0431 to $0.04466, key levels include $0.04385 (23.6%), $0.0442 (38.2%), and $0.0444 (50%). Price tested $0.0441–0.0442 twice and held, suggesting a potential consolidation zone. A breakout above $0.0444 could target $0.0446–0.0447, the 61.8% level.

Backtest Hypothesis

The backtest strategy described focuses on breakout and pullback setups, with particular emphasis on key Fibonacci retracement levels and confirmed volume surges. Given the recent price action, a potential backtest could involve entering a long position on a confirmed breakout above $0.0442 with a stop-loss placed below $0.0439–0.0438 and a take-profit at $0.0445–0.0446. This aligns with the observed trend and Fibonacci levels discussed, offering a defined risk-reward setup that could be tested on similar historical swings.