Summary
• Price tested key resistance at $0.0284–0.0286, forming multiple bullish and bearish engulfing pattern
• Momentum shifted from strong early buying to fading bearish pressure, with RSI hovering near midline.
• Volatility expanded during morning ET, followed by contraction in the latter half of the day.
• Turnover spiked during the 00:15 ET candle but failed to confirm a breakout above $0.0284.
• Price found temporary support near $0.0273 and $0.0276, but failed to hold above 61.8% Fibonacci of the major swing.
Sahara AI/Tether (SAHARAUSDT) opened at $0.02817 on 2025-12-20 at 12:00 ET, reached a high of $0.02904, a low of $0.02635, and closed at $0.02725 on 2025-12-21 at 12:00 ET. Total volume was 9,906,142, with turnover reaching approximately $264,180 during the 24-hour window.
Structure & Formations
The pair formed a bullish engulfing pattern during the 18:45–19:00 ET window, followed by a bearish engulfing pattern during the 00:15–00:30 ET session. A doji appeared at 00:45 ET, signaling indecision near $0.0278. Key resistance levels at $0.0284–0.0286 and support at $0.0273–0.0276 were tested multiple times, with the price failing to break decisively through either.
Moving Averages
On the 5-minute chart, the 20-period and 50-period moving averages crossed near $0.0283–0.0284, reinforcing the recent consolidation phase. The 200-period daily moving average currently sits at approximately $0.0280, placing the current price below that level, suggesting a bearish bias over a longer timeframe.
MACD & RSI
MACD showed a bullish divergence during the early morning hours before turning bearish after 01:00 ET. RSI hovered between 40–50 for the majority of the session, indicating neutral momentum. A slight overbought condition was seen at $0.0290, followed by a brief oversold dip near $0.0273.
Bollinger Bands
Volatility expanded sharply during the 00:15–01:00 ET session, with the price breaching the upper band at $0.0290 and falling below the lower band at $0.0273. Since then, the price has remained within the bands, showing reduced volatility and sideways movement.
Volume & Turnover
Volume spiked during the 00:15 ET candle as the price hit a high of $0.02904, but the move failed to hold. Turnover confirmed the morning rally but diverged with price during the subsequent decline, suggesting weak conviction. Volume remained relatively subdued after 05:00 ET, indicating reduced participation.
Fibonacci Retracements
The 61.8% Fibonacci level of the swing from $0.02635 to $0.02904 is at $0.02797, which the price failed to hold above. The 38.2% retracement level at $0.02783 was briefly tested multiple times but failed to provide lasting support.
Forward-looking, the price may consolidate between $0.0273 and $0.0284 ahead of potential breakout attempts in the next 24 hours. Investors should remain cautious of a breakdown below $0.0273 or a confirmed move above $0.0284 as key directional signals.
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