Market Overview for Audius/Tether (AUDIOUSDT) – October 17, 2025

• Audio/USDT edged lower over 24 hours with a bearish consolidation pattern forming after a sharp midday rally.
• Momentum remains bearish with RSI signaling oversold conditions and volume declining as the price approaches key support.
• Volatility expanded during the midday spike, pushing price well above the upper Bollinger Band before retracting.
• A notable bearish engulfing pattern emerged as price action reversed from the intraday high, confirming downward pressure.

The 24-hour period for Audius/Tether (AUDIOUSDT) began with an open at 0.0441 at 12:00 ET–1 and closed at 0.0412 at 12:00 ET, with an intraday high of 0.0547 and a low of 0.0401. Total volume reached 168,762,554.3 across the 24-hour window, while notional turnover amounted to $7,370,303. The price action reflected a clear bearish bias, particularly after the midday rally reversed sharply into a sustained decline.

The price has tested key support levels around the 0.0430–0.0440 range multiple times, with a bearish engulfing pattern confirming a reversal at the peak of the intraday high. Resistance is forming near 0.0458–0.0462, where the price stalled and reversed on several occasions. This pattern, combined with the low RSI readings (dropping below 30), suggests that the pair may continue to consolidate near these levels or potentially test the 0.0401–0.0412 support.

Moving averages on the 15-minute chart show a bearish crossover, with the 20-period MA (0.0438) below the 50-period MA (0.0445), reinforcing the downward trend. On the daily chart, the 50-period MA has crossed below the 200-period MA, a bearish signal. Bollinger Bands expanded during the midday spike, with price peaking above the upper band before retracting sharply. This volatility suggests traders may be positioning for a potential short-term rebound, though the broader trend remains bearish.

MACD has turned negative, confirming the bearish momentum, while the RSI remains in oversold territory (below 30), indicating the pair is likely to remain range-bound until a new catalyst emerges. Fibonacci retracements show the 0.0433–0.0441 level as a critical psychological support zone. If this level breaks, the next major target appears to be around 0.0401–0.0412, with a high probability of consolidation in the near term.

Backtest Hypothesis
For a practical backtest, we will use the AUDIOUSDT pair on a 1-day basis, applying RSI (14-period) as the key momentum indicator. The hypothesis assumes a short position is triggered when RSI crosses above 70 (overbought) and confirmed by a bearish engulfing candlestick pattern. The entry would be at the close of that signal day, with an exit at the next day’s close. Using this strategy from 2022-01-01 to 2025-10-17 will help evaluate its effectiveness.