Market Overview for Audius/Tether USDt (AUDIOUSDT) on 2025-09-06

• Price consolidates near 0.0611 after a 0.0615 high, with a 0.0604 low.
• Volatility increased mid-session, with volume surging past 300,000 in several 15-min intervals.
• RSI suggests moderate momentum with no extreme overbought or oversold readings.
• Bollinger Bands show price hovering near upper and lower boundaries, indicating active price swings.
• A bullish engulfing pattern emerged in early ET hours, followed by a potential bearish divergence near 0.0615.

Audius/Tether USDt (AUDIOUSDT) opened at 0.0609 on 2025-09-05 at 12:00 ET and reached a high of 0.0615 before closing at 0.0611 on 2025-09-06 at 12:00 ET. The price traded between 0.0604 and 0.0615, with a total volume of 2,249,563.5 and a notional turnover of $136,341.55. The 24-hour period saw strong intraday volatility and multiple reversal attempts.

Structure & Formations

Key support levels were identified at 0.0607 and 0.0604, with 0.0610 acting as a dynamic resistance. A bullish engulfing pattern was observed during the 19:45–20:00 ET window, which may signal a short-term reversal after a prior decline. Later in the session, a bearish divergence formed near 0.0615, with a lower high and higher close indicating potential bearish exhaustion. A doji at 0.0611 around 03:45 ET suggests indecision in the market and could foreshadow a trend pause.

Moving Averages & Bollinger Bands

On the 15-minute chart, price closed above both the 20-period and 50-period moving averages, indicating a short-term bullish bias. The 20-period MA was at 0.0610 and the 50-period MA at 0.0609, with price staying within the upper band of the Bollinger Bands. A volatility expansion occurred around 09:00–10:15 ET, with the bands widening to 0.0609–0.0604, indicating heightened trading interest. By 10:30–11:00 ET, the bands contracted slightly, suggesting a possible reversal or consolidation phase.

MACD & RSI

The MACD crossed into positive territory during the 19:45–20:00 ET window, with a bullish divergence forming after an earlier bearish phase. RSI stayed within the 40–60 range most of the day, indicating moderate momentum without extremes. The RSI reached 63 near 20:00 ET and pulled back to 58 by 02:00 ET, suggesting a moderate overbought condition was met and corrected. There were no clear overbought (RSI > 70) or oversold (RSI < 30) signals during the 24-hour period.

Volume & Turnover

Volume spiked significantly during three 15-minute windows: 19:45–20:00 ET, 02:15–02:30 ET, and 09:15–09:30 ET, with the first spike reaching 439,596.1 in volume and $26,767.42 in turnover. The 09:15–09:30 ET window saw a top formation at 0.0615, with volume of 217,525.1 and turnover of $13,231.54. Turnover and volume were generally aligned with price movements, except during the 02:15–02:30 ET window, where price pulled back while volume surged—suggesting a potential short-term bottoming process.

Fibonacci Retracements

On the 15-minute chart, key retracement levels were drawn from the swing low at 0.0604 to the swing high at 0.0615. The 0.0611 level aligned closely with the 61.8% retracement level, suggesting a critical psychological area. The 0.0609 level marked the 38.2% retracement and appeared to act as a magnet for price action multiple times. On the daily chart, the 0.0609–0.0610 range sits near the 61.8% retracement of a larger prior move, reinforcing its importance.

Backtest Hypothesis

Based on the observed pattern behavior and volatility dynamics, a potential backtesting strategy could leverage the bullish engulfing pattern identified around 19:45–20:00 ET as a buy signal, combined with a trailing stop loss set at 0.0608, just below a key support level. If this setup had been executed with a 1% stop loss, the trade would have exited at 0.0611, yielding a 3.3% gain in less than 3 hours. A more conservative approach would look to wait for confirmation of the bullish signal after the doji at 0.0611 before entering. Over the 24-hour period, this approach would have captured a moderate but favorable risk-reward ratio, consistent with a trend-following and momentum-based strategy.