Market Overview for Audius/Tether (AUDIOUSDT) on 2025-09-24

• Audius/Tether (AUDIOUSDT) traded in a narrow range, forming a consolidation pattern around 0.0565.
• A bearish divergence appears in RSI, suggesting potential downward momentum despite a neutral MACD.
• Volatility dropped midday, with Bollinger Bands narrowing before a final push above the midline.
• High volume confirmed the morning’s pullback, but turnover failed to confirm the afternoon’s rally.
• Fibonacci retracement levels indicate a possible retest of 0.0559 and a key resistance at 0.0568 in the near term.

At 12:00 ET−1, Audius/Tether (AUDIOUSDT) opened at 0.0573 and closed at 0.0568 by 12:00 ET, with a high of 0.0574 and a low of 0.0553. The 24-hour volume reached approximately 4.9 million, with notional turnover amounting to roughly $287,776. The pair exhibited mixed signals, with consolidation in the morning and a late-day push to close near mid-range levels.

Structure & Formations

The 15-minute chart showed a bearish structure forming throughout the trading session, particularly after 00:00 ET, with a key bearish engulfing pattern emerging around 03:30 ET. A doji near 0.0559 signaled indecision, while a lower low at 0.0553 hinted at potential support. Resistance levels emerged around 0.0562 and 0.0568, with 0.0565 acting as a key pivot point. The price appears to have stalled at 0.0568, with bears showing strength in the final hours of the session.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart crossed in a bearish bias by early morning, aligning with the downward move. The 50-period MA held at 0.0564 while the 20-period MA dipped below it, suggesting short-term bearish momentum. On the daily chart, the 100- and 200-period MAs are likely above the current price, indicating a longer-term bearish bias.

MACD & RSI

The MACD remained neutral with a slow cross in the late afternoon, but RSI dipped into oversold territory at 0.0558 before rebounding. A bearish divergence emerged between price and RSI during the morning pullback, hinting at possible further downside. MACD histogram contraction in the final hours suggests a waning bearish trend, but RSI remains near the 50 level, indicating mixed momentum.

Bollinger Bands

Volatility remained subdued throughout the morning with a narrow Bollinger Band contraction at 0.0560. By late afternoon, the bands widened as price tested the upper band at 0.0567 and drifted downward. The closing price at 0.0568 sits just below the upper band, with a potential retest of the 0.0565 midline expected if the trend continues to stabilize.

Volume & Turnover

The highest volume spike occurred at 04:15 ET, with a 345,456.6 volume bar, coinciding with a sharp drop to 0.0555. Turnover followed suit but showed divergence in the afternoon rally, with a large volume bar at 09:15 ET failing to confirm a strong price move. The final push above 0.0568 had only moderate volume, indicating weak conviction.

Fibonacci Retracements

On the 15-minute chart, key Fibonacci levels align with the morning low (0.0553) to the afternoon high (0.0567), with 0.0562 (38.2%) and 0.0565 (61.8%) forming potential turning points. The price closed near 61.8% retraction, suggesting a possible retest of the 0.0559 level. On the daily chart, a larger move from the prior week suggests 0.0572 as a key resistance, with 0.0560 as a critical support.

Backtest Hypothesis

A potential backtest strategy could involve entering long at the 61.8% retracement level (0.0565) if the price breaks above the Bollinger Band with a bullish candle and RSI above 50. A stop-loss could be placed at 0.0562, and a take-profit at 0.0571. This setup would test the strength of the consolidation phase while aligning with the Fibonacci structure and RSI momentum. Given the late-day volume, the strategy appears to have some confirmation but may require further validation over multiple cycles.