Market Overview for Sahara AI/Tether (SAHARAUSDT) on 2025-10-06

• Price tested key support at $0.0785 before rebounding on rising volume.
• RSI indicates overbought conditions, suggesting possible pullback.
• Volatility expanded with price surging 0.86% in final 6 hours.
• Bollinger Bands show price near upper band, indicating aggressive buying.
• 20-period MA crossed above 50-period MA, signaling short-term bullish momentum.

Sahara AI/Tether (SAHARAUSDT) opened at $0.07987 on 2025-10-05 at 12:00 ET and closed at $0.08028 on 2025-10-06 at 12:00 ET. The pair reached a high of $0.08063 and a low of $0.07758. Total volume for the 24-hour window was 20,157,896.9 and notional turnover was $1,588,857.68.

Structure & Formations

Price formed a bullish engulfing pattern during the 2025-10-05 19:15–19:30 ET timeframe, confirming a short-term recovery after hitting a 24-hour low. A key support level was identified at $0.0785, which held three times during the session. A bearish doji formed at $0.07833 (2025-10-05 19:45 ET), signaling indecision, but buying pressure re-emerged from $0.0785. A critical resistance level at $0.08024 was tested and held during the 2025-10-06 08:30–09:00 ET period.

Moving Averages

On the 15-minute chart, the 20-period MA crossed above the 50-period MA during the 2025-10-06 11:30–12:00 ET window, confirming a short-term bullish bias. The 50-period MA moved upward, crossing above the 100-period MA on the daily chart, reinforcing a medium-term bullish trend. The 200-period MA remains below the current price, suggesting longer-term accumulation.

MACD & RSI

The MACD line remained above the signal line for most of the 24-hour window, indicating sustained bullish momentum. A positive divergence was observed in the final hour of the period, with price making a higher high while MACD declined slightly, suggesting potential exhaustion. RSI surged to 70, indicating overbought conditions, which may precede a pullback. A bearish divergence appeared in the last 30 minutes, with price hitting a high of $0.08028 and RSI peaking at 71.

Bollinger Bands

Volatility expanded significantly, with Bollinger Bands widening after the 2025-10-05 19:00 ET low at $0.07858. Price spent the last 6 hours trading near the upper band, reaching $0.08063, indicating aggressive buying. The middle band (20-period MA) rose steadily, confirming a bullish trend. A contraction in the bands was seen between 2025-10-05 18:00–18:45 ET, signaling a potential reversal point that was later confirmed with a breakout.

Volume & Turnover

Volume increased dramatically between 2025-10-06 07:00–10:00 ET, peaking at over 881,072 in one candle. This coincided with a 0.7% upward move, showing strong conviction. Total volume was 20.16 million, with turnover reaching $1.59 million. Price and volume diverged slightly in the final hour, as volume declined while price held near the upper Bollinger Band. This divergence suggests possible short-term profit-taking.

Fibonacci Retracements

Key retracement levels from the 2025-10-05 16:00–18:00 ET move were tested. The 38.2% retracement at $0.07915 was a strong support, halting a bearish move. The 61.8% level at $0.07973 was tested twice and held. The 50% Fibonacci level at $0.07936 acted as a pivot point, with price bouncing off it twice during the session. On the daily chart, the 38.2% level at $0.07893 was tested and held, suggesting strong short-term bullish bias.

Backtest Hypothesis

The backtesting strategy described focuses on breakout signals from 15-minute candlestick data, particularly when price clears a recent swing high or dips below a key support level confirmed by volume. The analysis highlights a bullish engulfing pattern and a sustained move above the 20-period MA as potential confirmation signals. The MACD divergence observed in the final hour provides a risk-off trigger point. A long bias could be considered if price holds above $0.08024 with increasing volume, otherwise, a short bias might be appropriate with a stop above $0.0805. This aligns with the breakout-based approach, using clear price levels and volume as filters.