Market Overview for Sahara AI/Tether (SAHARAUSDT): 24-Hour Analysis

• Price declined from 0.07696 to 0.07316, with heavy selling pressure observed in the latter half of the 24-hour window.
• Volatility expanded significantly during the sharp decline, particularly around 18:45–19:00 ET.
• Key support at ~0.0743–0.0738 tested multiple times, with mixed results and signs of bearish exhaustion.
• Turnover spiked during the 18:45 ET candle, indicating aggressive bearish action.
• RSI and momentum indicators point to oversold conditions at the close, suggesting potential for a rebound.

Sahara AI/Tether (SAHARAUSDT) opened at 0.07576 on October 29, 2025, at 12:00 ET, and closed at 0.07329 on October 30, 2025, at the same time. The 24-hour high reached 0.07696, while the low dropped to 0.07316. The pair experienced a total trading volume of 96,733,760 and a notional turnover of approximately $7,341,837.

The price action displayed a bearish bias throughout the 24-hour period, with a notable shift in momentum occurring around 18:45 ET, when a sharp bearish candle formed, dropping price nearly 3.7% from 0.07634 to 0.07454. This candle marked the beginning of a prolonged descent that continued through the close. Notable bearish formations include a dark cloud cover at 18:45–19:00 ET and a series of lower highs and lower closes. A key support zone between 0.0743 and 0.0738 was repeatedly tested, with price failing to close above 0.0743 on the final attempt.

Volatility, as measured by the range of the Bollinger Bands, expanded significantly during the 18:45–19:00 ET session, indicating a high level of market anxiety and aggressive selling. Price spent the final 6–8 hours of the 24-hour window within the lower half of the bands, suggesting oversold conditions. The 20-period moving average was consistently below the 50-period line, reinforcing the bearish trend.

The Relative Strength Index (RSI) and MACD indicators confirm the bearish momentum, with RSI hitting a low of 27.6 and MACD lines showing a large bearish histogram. However, the RSI currently sits near oversold territory (around 29), which may signal a short-term rebound. Fibonacci retracements from the 0.07696 high to the 0.07316 low highlight critical levels: 0.07516 (38.2%), 0.07444 (50%), and 0.07371 (61.8%). Price is currently resting near the 61.8% level, and a break below 0.0738 could trigger further bearish pressure.

Backtest Hypothesis

Given the unavailability of RSI-14 data for SAHARAUSDT, a manual backtest strategy could be based on the observed 24-hour candlestick behavior, particularly the sharp bearish reversal from 18:45–19:00 ET and the subsequent consolidation. A potential strategy may involve entering a short position at the close of the 18:45 ET candle (0.07454) with a stop-loss above the 0.07634 high. A target could be placed at the 0.07316 low or the 61.8% Fibonacci level (0.07371). Alternatively, a bullish counter-trend strategy could be considered if RSI retests the 30–35 range with volume confirmation.