Audius/Tether (AUDIOUSDT) Market Overview

• Audius/Tether (AUDIOUSDT) rose from 0.0519 to 0.0553 over 24 hours, closing near its intraday high.
• Momentum strengthened late in the day with a sharp rally above 0.0550, pushing RSI into overbought territory.
• Volatility expanded in the afternoon, with Bollinger Bands widening, while volume surged near the close.
• A bullish engulfing pattern emerged in the final hours, suggesting a potential breakout attempt above 0.0550.
• Total volume reached 9.3M contracts, and turnover exceeded $450K, with late-session buying dominating price action.

At 12:00 ET–1, Audius/Tether (AUDIOUSDT) opened at $0.0519, touched a high of $0.0553, and closed at $0.0550 after a strong rebound. Total 24-hour volume was 9,305,658.8 contracts, with notional turnover exceeding $451,770. Price action suggests a shift in momentum, with a key resistance level at 0.0550 now tested and potentially breached.

Structure & Formations

The price profile shows a clear base-building phase through most of the day, consolidating between 0.0520 and 0.0530. A key breakout above 0.0550 occurred after 10:00 AM ET, supported by a large bullish engulfing candle and a series of higher highs. A prior low near 0.0520 now acts as a critical support level. A doji near 0.0527 at 2:30 AM ET also hinted at indecision before the rally.

Moving Averages

On the 15-minute chart, the 20-period MA crossed above the 50-period MA midday, confirming a short-term bullish crossover. Daily MAs (50, 100, 200) are likely aligned in a bullish formation, though exact data was not provided. The price closing above 0.0550 suggests a retest of the 50-day MA is imminent, with a potential continuation of the upward trend if that level holds.

MACD & RSI

The RSI rose sharply in the final 4 hours, reaching overbought levels above 70, signaling a potential near-term correction. The MACD histogram showed a positive divergence with price during the rally, confirming the strength of the move. However, overbought RSI suggests that a pullback to the 0.0540–0.0545 range may be imminent if buyers fail to defend 0.0550.

Bollinger Bands

Volatility expanded significantly after 8:00 AM ET as the Bollinger Bands widened. Price action remained above the middle band throughout the final 6 hours, with the close near the upper band indicating a strong bullish bias. A contraction of the bands earlier in the day suggested a period of consolidation before the breakout. If price remains above the 0.0545–0.0550 range, the upper band could act as dynamic resistance.

Volume & Turnover

Volume surged in the final 6 hours, with the last hour’s candle alone accounting for over $88K in notional turnover. The increasing volume on higher highs confirms a strong conviction among buyers. A divergence between price and volume was observed briefly around 3:00 AM ET, but it was quickly resolved with renewed buying. This suggests the move above 0.0550 is likely to hold.

Fibonacci Retracements

Applying Fibonacci levels to the key swing from 0.0519 to 0.0550, the 61.8% retracement sits at approximately 0.0537, while the 78.6% retracement is near 0.0545. The current close at 0.0550 suggests the market is testing the upper end of the retracement range. A break above 0.0553 could target the 127.2% extension at ~0.0561, offering a clear short-term target for bulls.

Backtest Hypothesis

A potential backtesting strategy would look to capitalize on the breakout above 0.0550 with a long entry after a confirmed close above that level. A stop-loss could be placed below 0.0545, with a target aligned with the 61.8% Fibonacci level at 0.0545 and the 78.6% level at 0.0555. Volume confirmation during the breakout provides a strong signal that the move is backed by institutional or heavy retail buying. This setup could be tested over similar 24-hour cycles to assess consistency in breakouts and pullback behavior.