Audius/Tether Market Overview

Summary
• Price fluctuated within a 0.0340–0.0356 range over the last 24 hours.
• Volume surged near 0.0340–0.0350 as price approached key levels.
• Momentum indicators showed mixed signals, with RSI hovering around overbought/oversold levels.
• A bullish reversal pattern emerged late in the session near 0.0350.

Opening Narrative

On 2025-11-05, the Audius/Tether pair (AUDIOUSDT) opened at 0.0352, reached a high of 0.0361, and a low of 0.0328, closing at 0.0352. Over the 24-hour period, total volume amounted to ~14,486,893.9 units with a turnover of ~$506,101.2 (assuming $0.0352 average). Price action displayed a bearish pullback followed by a potential bullish rebound, suggesting a volatile but indecisive session.

Structure & Formations

Price tested a key support level of 0.0340 twice during the session, failing to break below but showing short-covering momentum on the second attempt. A bullish engulfing pattern formed near 0.0350, suggesting a potential short-term reversal. A bearish doji emerged near 0.0335, indicating indecision at that level.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages were closely aligned around 0.0347–0.0349, suggesting a tightening mean reversion. On the daily chart, the 50-period SMA held around 0.0342, with the 100- and 200-period lines slightly below, indicating a potential bias toward consolidation or a possible test of resistance.

MACD & RSI

MACD crossed into bearish territory after a brief bullish divergence, but remained within neutral ranges. RSI fluctuated between 30 and 70, with a brief overbought spike near 75 during the late session rally, suggesting momentum may be fading on the upside. A bearish divergence formed near 0.0340, adding caution to further downside.

Bollinger Bands

Volatility expanded significantly as price approached 0.0328 and 0.0361, with the bands widening. Price closed near the upper band, suggesting strength at session highs. The contraction earlier in the session suggested a potential breakout, which materialized late.

Volume & Turnover

Volume surged during the breakdown near 0.0340 and again during the rebound above 0.0350, confirming the validity of both moves. Notional turnover showed a proportional increase, indicating genuine participation. A divergence appeared around 0.0335, where volume spiked but price failed to follow through.

Fibonacci Retracements

A 0.618 retracement level aligned with the 0.0349–0.0351 range, which coincided with a key bullish cluster zone. Price bounced off this level twice, reinforcing its significance as a short-term support. The 0.382 level at 0.0344 was tested early, with a partial bounce suggesting a possible bearish continuation.

Backtest Hypothesis

To evaluate a potential short-term strategy, a 14-period RSI with a 70 overbought threshold could be applied to AUDIOUSDT over the 15-minute timeframe. A short entry would trigger at the close when RSI > 70, with exit at the next close. This aligns with the observed overbought conditions during the late session rally and bearish divergence seen at 0.0340. If RSI settings or execution rules differ, adjustments should be made accordingly.