Stratis/Tether (STRAXUSDT) Market Overview: October 14, 2025

• STRAX/USDT dipped 2.6% in 24 hours, closing near intraday support.
• Strong volume expansion seen in early ET hours, reversing into divergence later.
• RSI and MACD signal bearish momentum, while Bollinger Bands narrow, hinting at consolidation.
• Key resistance at $0.03555–0.0359 tested and rejected, with Fibonacci 61.8% at $0.03468.
• Bearish candlestick patterns and fading volume suggest short-term bearish pressure.

Price and Volume Summary

Stratis/Tether (STRAXUSDT) opened at $0.03462 on October 13 at 12:00 ET and closed at $0.03448 on October 14 at 12:00 ET. The pair reached an intraday high of $0.03639 and a low of $0.03301. Total volume for the 24-hour period was 15,897,370 STRAX, while total turnover (notional value) was approximately $485,627. The price appears to be in a bearish consolidation phase, with notable volatility and bearish momentum forming.

Structure and Key Levels

The price action shows a clear bearish structure, with key resistance levels at $0.03555 and $0.0359 being repeatedly rejected over the past 24 hours. The recent low at $0.03301 has become a potential support level, and price has bounced from the 61.8% Fibonacci retracement level at $0.03468. A bearish engulfing pattern was observed near $0.0356 during the early ET hours, reinforcing the downward pressure. The formation of long lower shadows and small bodies suggests potential exhaustion in the bearish trend, but further tests of key levels will be crucial.

Moving Averages and MACD/RSI

On the 15-minute chart, the 20-period and 50-period moving averages have crossed to the bearish side, indicating a short-term bearish bias. The daily chart shows the 50-period moving average below the 200-period, suggesting a broader bearish trend. The MACD has turned negative, with a bearish crossover and declining momentum. RSI is currently in oversold territory at 34, hinting that further downward correction might be limited unless a strong bearish catalyst emerges.

The RSI and MACD divergence indicates that although the price is falling, momentum is weakening, which could foreshadow a potential reversal. However, the bearish trend is still intact unless a strong bullish breakout from the $0.03468 level occurs.

Bollinger Bands and Volatility

Bollinger Bands show a recent contraction in volatility as the price consolidates near the lower band, indicating a potential breakout or breakdown scenario. The recent low volatility period has been followed by an increase in trading activity, particularly in the 18:00–02:00 ET timeframe, which saw sharp price swings and a test of the key resistance at $0.03555. If volatility expands significantly, we may see a decisive move either upwards or downwards. Currently, the price is sitting near the lower Bollinger band, which could signal a temporary oversold condition.

Volume and Turnover

Volume saw a notable spike in the 18:00–02:00 ET window, coinciding with the price testing $0.03555 and forming bearish patterns. However, turnover in the last 6 hours has declined while the price has continued to drift lower, indicating a potential divergence that could precede a reversal or a continuation of the downtrend. The lack of follow-through volume on the recent bearish moves may suggest that short-term bearish pressure is losing steam.

Fibonacci Retracements

Recent 15-minute swings suggest a potential rebound from the 61.8% Fibonacci retracement level at $0.03468. The daily chart shows a similar pattern with the key level at $0.03301 offering support. If price breaks below this level, the next Fibonacci target is at $0.03290 (78.6%). A retest of $0.03555 could also bring in short-covering buyers, but given the current trend, a continued bearish trajectory is more likely unless a bullish catalyst emerges.

Backtest Hypothesis

The backtest strategy aims to capture bearish momentum by trading the Bearish-Engulfing candlestick pattern, which has appeared several times in the 15-minute chart over the past 24 hours. A potential approach would be to enter a short position at the close of the engulfing candle, with a stop-loss above the high of the formation and a take-profit aligned with the nearest Fibonacci retracement level. If the current trend continues, this strategy may offer short-term bearish opportunities. However, the recent RSI divergence and weakening volume may require a cautious approach or tighter stop levels to manage risk.