Market Overview for Sahara AI/Tether (SAHARAUSDT) – 2025-11-14

• Price fluctuated between 0.07638 and 0.07812 over 24 hours.
• Momentum shifted from bullish to bearish as RSI dipped below 50.
• Volume surged during key breakouts and consolidations.

Price Action and Market Context

Sahara AI/Tether (SAHARAUSDT) opened at 0.07738 on 2025-11-13 at 12:00 ET and closed at 0.07748 by 12:00 ET on 2025-11-14. During the 24-hour period, the pair reached a high of 0.07812 and a low of 0.07638. Total trading volume amounted to 11,069,466 and notional turnover totaled 823,197. The pair displayed a volatile but largely range-bound profile, with key support forming near 0.0771 and resistance near 0.0778.

Structure and Candlestick Patterns

Key formations included a bullish engulfing pattern forming around 18:30–18:45 ET and a bearish harami forming near 20:30–20:45 ET. These patterns suggested short-term directional shifts in sentiment. A notable doji emerged around 00:00–00:15 ET, signaling indecision at a critical turning point. The price appears to consolidate between 0.0771 and 0.0778 as it seeks a directional bias for the near term.

Moving Averages and Indicators

On the 15-minute chart, the 20-EMA and 50-EMA crossed multiple times, suggesting choppiness. On the daily chart, the 50-EMA sat near 0.0774, aligning with recent support levels. The 200-EMA, at 0.0771, appears to offer a potential floor. The MACD line remained below the signal line, indicating bearish momentum. The RSI dipped below 50, pointing to waning buying pressure.

Bollinger Bands and Fibonacci Levels

Price traded within a moderate volatility range, staying within the Bollinger Bands most of the time, with brief expansions around 18:30–19:30 ET and 00:00–01:00 ET. The lower band hovered around 0.0768–0.0770, and the upper band near 0.0778–0.0780. A 61.8% Fibonacci retracement level at 0.0773 appears to act as a key psychological level.

Volume and Turnover Analysis

Volume spiked during key reversal points, such as the 18:30–18:45 ET and 00:00–00:15 ET candles, confirming directional shifts. Notional turnover also surged during these periods, validating price movements. A divergence between price and volume was noted during the 19:45–20:00 ET period, where price fell but volume remained muted, signaling potential weakness in the bearish move.

Forward-Looking View and Risk Caveat

Over the next 24 hours, SAHARAUSDT may test its key support at 0.0771 and resistance at 0.0778. A break below 0.0771 could trigger a deeper correction toward 0.0768, while a sustained move above 0.0778 could signal a short-term bullish rebound. Investors should remain cautious of volatility and potential divergences in volume patterns.

Backtest Hypothesis

The observed bullish and bearish candlestick patterns, such as engulfing and harami, provide a strong basis for a systematic event-driven backtest. Given the volatility and defined support/resistance levels in SAHARAUSDT, this pair could serve as a suitable candidate for testing the Bullish Engulfing strategy over a defined period. To implement the strategy, we would first confirm the Bullish Engulfing pattern on the 15-minute chart. Once confirmed, an entry would be executed at the next-day open, with a three-trading-day exit at close. No additional stop-loss or profit targets would be applied, aligning with the strategy's simplicity. This approach could be validated using the historical data provided, from 2022-01-01 to 2025-11-14, to assess its viability on SAHARAUSDT.