Market Overview for Sahara AI/Tether (SAHARAUSDT) on 2025-09-23

• Price swung between $0.07722 and $0.08154, closing near 0.0801 after a sharp post-midnight pullback.
• Momentum shifted between overbought and oversold RSI levels, hinting at volatile short-term swings.
• Volume surged late morning and early afternoon, aligning with price consolidation and retracements.
• Key support at $0.0797–$0.0798 and resistance at $0.0802–$0.0805 defined 15-minute range-bound patterns.
• Bollinger Bands showed moderate volatility expansion after 18:00 ET, as price tested upper band resistance.

Market Overview

Sahara AI/Tether (SAHARAUSDT) opened at $0.08008 on 2025-09-22 12:00 ET, reached a high of $0.08154, and settled at $0.0801 by 12:00 ET on 2025-09-23. The 24-hour volume totaled 99,689,043 USDT, while turnover (amount) reached 5,974.54 tokens. Price action remained volatile within a defined range, with notable swings and retracements observed.

Structure & Formations

Price formed several key structures over the 24-hour period, including a bullish engulfing pattern at $0.0797–$0.0805 in the early hours of 2025-09-23, followed by a bearish rejection at $0.0812–$0.08085. A large bearish doji formed at $0.0801–$0.0805, signaling indecision. Support levels were confirmed around $0.0797–$0.0798, while resistance emerged clearly at $0.0802–$0.0805.

Moving Averages

On the 15-minute chart, the 20-period SMA moved above the 50-period SMA in the late morning, signaling a potential short-term bullish shift. However, this was quickly reversed as the 50 SMA reasserted control by midday. On the daily chart, the 50-period SMA crossed below the 100-period SMA, reinforcing bearish momentum.

MACD & RSI

The MACD showed a positive divergence in the early morning, with a short-lived bullish signal followed by bearish divergence in the afternoon. RSI oscillated between overbought (above 70) and oversold (below 30) multiple times, indicating aggressive short-term trading.

Bollinger Bands

Volatility expanded after 18:00 ET, pushing the upper Bollinger Band to $0.0815 and the lower band to $0.0795. Price tested the upper band on two occasions, both ending in rejection. The mid-band acted as a pivot point between $0.0797 and $0.0805 during the day.

Volume & Turnover

Volume spiked in the afternoon between 18:00 and 20:00 ET as price approached $0.0812. This was followed by a sharp volume drop after 22:00 ET, despite continued price consolidation. Turnover also showed a divergence after 22:00, with less volume supporting price movement, suggesting potential exhaustion.

Fibonacci Retracements

Fibonacci levels were key during the 15-minute consolidation phases. A 61.8% retracement of the $0.0797–$0.0805 move held at $0.0801, acting as a short-term pivot. On the daily chart, the 50% and 61.8% Fibonacci retracement levels aligned with key moving average crossovers, reinforcing bearish momentum.

Backtest Hypothesis

A potential backtesting strategy could focus on the 15-minute chart, entering long near the 61.8% Fibonacci level at $0.0801 and shorting at the 38.2% retracement at $0.0799, using volume and RSI as confirmation. This approach would require price to remain within the $0.0797–$0.0805 range, leveraging the defined support/resistance and MACD divergence patterns. A stop-loss could be placed just beyond the nearest Fibonacci level, with a target aligned with the moving average convergence/divergence.

Outlook and Risk

Looking ahead, the next 24 hours may see renewed volatility as key Fibonacci levels and moving averages intersect. A break below $0.0797 could trigger further bearish momentum, while a rebound above $0.0805 may signal a short-term reversal. Investors should remain cautious due to high RSI oscillation and potential divergence in volume.