Market Overview: Audius/Tether (AUDIOUSDT) – October 11, 2025

• Price declined to a 24-hour low of 0.0460 before recovering to close near 0.0429
• Sharp sell-off from 0.0534 to 0.0460 on a massive volume spike of 7.7M
• RSI and MACD signaled bearish momentum during the crash, with volume confirming the move
• Price is currently consolidating near the 61.8% Fibonacci retracement of the major drop
• Volatility has contracted post-dump, suggesting potential for a breakout or range-bound trading

The price of Audius/Tether (AUDIOUSDT) opened at 0.0531 on October 10, 2025, and saw a sharp decline to a 24-hour low of 0.0460 before closing at 0.0429 on October 11, 2025. The pair experienced a 9.8% drawdown during the session, with total volume reaching 77,260,293.0 and a notional turnover of approximately $3,485,000. The sell-off was most pronounced between 19:30 and 21:15 ET, where the price dropped nearly 15% on a surge in volume.

Structure and formations revealed a bearish engulfing pattern around 0.0524, signaling a shift in momentum toward the sellers. A long lower shadow around 0.0497 showed some attempted support, but the price failed to hold above the 0.0460 level. On the 15-minute chart, the 20 and 50-period moving averages were both bearish, with the 50 SMA acting as a key resistance. The daily chart saw the 50 and 200-period moving averages trending lower, reinforcing the bearish bias.

The MACD indicator turned negative sharply during the sell-off, with a bearish crossover signaling strong short-term momentum to the downside. The RSI dropped into oversold territory at around 25 before a slight rebound, suggesting potential for a bounce but not a full reversal. Bollinger Bands showed a significant contraction after the sell-off, indicating a period of consolidation and possibly hinting at a breakout to either side. Price has since found support near the 61.8% Fibonacci retracement level of the major drop, suggesting a potential reversal point.

Volume and turnover spiked dramatically during the sell-off, confirming the bearish move. The divergence between price and volume after the 0.0460 level, however, could indicate weakening momentum. Traders should monitor the 0.0429–0.0435 range for signs of a potential rebound or a continuation of the bearish trend.

Backtest Hypothesis

The backtest strategy focuses on identifying key support and resistance levels using Fibonacci retracements and 50-period moving averages. A short entry is considered when the price breaks below the 61.8% retracement level with increasing volume and a bearish MACD crossover. A long entry is triggered when the price retests the 61.8% level with a bullish divergence in the RSI and volume confirmation. Stop-loss is set 1.5% beyond the entry point, and a take-profit is placed at the nearest resistance or 5% from entry. Given today’s price action, a short entry would have been valid around 0.0460, with a potential target near 0.0429 and a stop above 0.0470.