Market Overview for Audius/Tether (AUDIOUSDT) on 2025-09-23

• Price action on AUDIOUSDT shows a bullish bias with a 0.0564 close after a 0.0566 high
• RSI and MACD confirm strengthening momentum, but no overbought conditions yet
• Volatility expanded as Bollinger Bands widened, with price near the upper band
• Volume spiked near the session high, confirming bullish sentiment
• Fibonacci levels suggest key resistance at 0.0568, with support likely near 0.0563

The 24-hour session for Audius/Tether (AUDIOUSDT) opened at 0.0561 on 2025-0922 12:00 ET and closed at 0.0564 at 2025-0923 12:00 ET, reaching a high of 0.0566 and a low of 0.0556. The pair traded with a total volume of 5,758,542.4 and a notional turnover of 322.58 USDT. The price shows a bullish bias with expanding volatility and moderate momentum.

Structure & Formations

The 15-minute chart reveals a series of bullish candlestick formations, including a long white candle that closed near its high and a bullish engulfing pattern in the early hours of the session. Key support levels appear to be forming around 0.0563, while resistance is consolidating near 0.0568. A notable doji formed around 2025-0923 02:30 ET, suggesting indecision at that level.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages have both trended higher, with price staying above both. This signals a short-term bullish trend. On the daily chart, the 50-period and 100-period averages are beginning to converge, while the 200-period MA acts as a strong support baseline, currently sitting at 0.0555.

MACD & RSI

The MACD has crossed above the signal line, confirming bullish momentum. The histogram is expanding, showing growing strength. The RSI, currently at 58, suggests moderate upward momentum and is not yet in overbought territory. The oscillator shows a slight divergence near the 0.0565 level, which may indicate a potential pause in the rally before further gains.

Bollinger Bands

Volatility has expanded over the past 24 hours, with the upper Bollinger Band widening as price approached 0.0566. Price has traded near the upper band in the final hours of the session, suggesting strong conviction in the move higher. A retest of the lower band near 0.0560 could offer a buying opportunity for short-term traders.

Volume & Turnover

Volume spiked near the session high, confirming the bullish price action. The total notional turnover increased in tandem, aligning with the volume surge. A divergence appears around 0.0560, where price moved lower while volume declined, hinting at weak bearish conviction. Traders should monitor for volume confirmation as price approaches key resistance levels.

Fibonacci Retracements

Applying Fibonacci to the recent 15-minute swing from 0.0556 to 0.0566, the 61.8% level sits at 0.0562, which has shown strong support. The 38.2% retracement is near 0.0563 and appears to have been tested but not broken. On the daily chart, the 50% retracement level is at 0.0563, which aligns with the current consolidation zone.

Backtest Hypothesis

The backtesting strategy described in the provided text relies on a breakout and reversal model using MACD and RSI divergences to identify high-probability entries. This approach aligns with the recent price action on AUDIOUSDT, where RSI divergences and a bullish MACD crossover coincided with a breakout above key resistance. A potential backtest could involve entering long on the close above 0.0563, with a stop just below 0.0560 and a target at 0.0568. Initial results would depend on the frequency and quality of similar setups in the historical data.