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Summary
• Price action showed bearish consolidation, forming a potential bearish engulfing pattern at 0.02690–0.02685.
• RSI and MACD confirmed weakening momentum, suggesting oversold conditions near 0.02660.
• Volatility expanded in early trading, with a high-low range of 1.04% but no decisive breakout.
• Bollinger Bands tightened mid-session, indicating a possible reversal setup near 0.02670.
Sahara AI/Tether (SAHARAUSDT) opened at 0.0271, hit a high of 0.02713, and a low of 0.02654 before closing at 0.02665 at 12:00 ET. Total volume reached 4.95 million tokens, with notional turnover of $138,489. The pair appears to be settling into a lower range, with momentum indicators hinting at a potential short-term bottoming process.
Structure & Formations
The price consolidated within a descending triangle pattern between 0.02713 and 0.02654, with key support levels identified at 0.02670 and 0.02650. A bearish engulfing pattern formed in the morning session as the pair moved from 0.0271 to 0.02685, suggesting increased bearish conviction. A doji candle emerged near 0.02660 at 11:45 ET, signaling indecision and potential exhaustion in the downward move.
Volatility and Momentum

Volume and Turnover
Volume spiked at 0.02685 and 0.02675, coinciding with significant price retracements, which suggests increased participation during those levels. Turnover, however, remained relatively flat after 07:00 ET, hinting at waning interest or a shift to more passive price discovery. A divergence between volume and price in the final 3 hours suggests potential for a bounce or a pause in the downtrend.
Fibonacci Retracements
On the 5-minute chart, the price tested the 61.8% Fibonacci retracement level at 0.02668 before falling to 0.02654, which corresponds with the 78.6% level of the prior 0.02713 to 0.02654 swing. This suggests the pair may find support or bounce from 0.02650 in the near term.
Over the next 24 hours, a test of 0.02650 could trigger a short-covering rally, but caution is warranted as the broader trend remains bearish. A break below 0.02649 may attract further selling pressure. Investors should monitor the 0.02665–0.02670 area for potential reversal cues.
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