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

• Sahara AI/Tether (SAHARAUSDT) traded in a 24-hour range of $0.08454–$0.08833 with a 0.38% closing gain.
• Price found key support near $0.0862–$0.0863 and tested resistance at $0.0870–$0.0875 multiple times.
• Momentum indicators show moderate bullish pressure, with RSI near neutral and MACD trending upward.
• Volatility expanded during midday ET, but volume remained mixed, with no clear divergence from price.
• A potential bullish continuation is expected if $0.0875 holds, but a breakdown below $0.0865 could trigger short-term weakness.

Market Overview

Sahara AI/Tether (SAHARAUSDT) opened at $0.08489 on 2025-09-17 12:00 ET, and closed at $0.08684 on 2025-09-18 12:00 ET, with a high of $0.08833 and a low of $0.08454. Total volume for the 24-hour period was approximately 10,615,695 units, with a notional turnover of roughly $899,354.

Structure & Formations

The price action formed several key structures over the 24-hour window. A bullish engulfing pattern appeared around 19:30 ET as SAHARAUSDT moved from $0.08607 to $0.08675. Later in the session, price tested multiple resistance levels in the $0.0870–$0.0875 range, failing to break through on several attempts. Notably, a doji formed near $0.0878 at 03:45 ET, indicating indecision in the market. Key support levels were identified at $0.0862–$0.0865, where the price found repeated refuge during the late hours of the session.

Moving Averages and Volatility

On the 15-minute chart, the 20-period and 50-period moving averages remained in bullish alignment for the final 6 hours of the session, with the 20-period above the 50-period and price above both. This suggests a short-term bullish bias. Volatility, as measured by the Bollinger Bands, expanded during the midday hours, with price oscillating between the upper and lower bands, suggesting heightened market activity. By the late evening, volatility began to contract slightly, with price settling near the upper band at the close.

MACD and RSI Indicators

The MACD line crossed above the signal line around 19:00 ET, signaling a bullish crossover that remained intact through the close. Positive divergence between price and MACD was not observed. The RSI hovered in neutral to mildly overbought territory (55–65), with no clear overbought (>70) or oversold (<30) signals. This suggests the market has not yet entered a strong overextended condition, but momentum may begin to moderate as resistance levels are approached.

Volume and Turnover Analysis

Volume showed mixed behavior, with several spikes during midday trading. The highest volume spike occurred at 19:30 ET (volume: 389,791) during a bullish move to $0.08675. However, later attempts to push above $0.0875 were accompanied by lower volume, indicating weakening buying pressure. Turnover mirrored the volume pattern, with the highest notional value ($23,317) occurring at 03:45 ET. Price and volume showed alignment during the bullish phase but diverged slightly during the final hours, as volume waned while price drifted higher.

Fibonacci Retracements

Applying Fibonacci levels to the recent 15-minute swing from $0.08454 (low) to $0.08833 (high), key levels include 61.8% at $0.0872 and 38.2% at $0.0866. Price tested the 61.8% level multiple times, with the most recent rejection at $0.0873 during the early morning hours. On the daily chart, retracements from the 24-hour high (assumed as recent peak) showed 38.2% at $0.0873 and 61.8% at $0.0865, both of which aligned with observed support and resistance levels. This suggests Fibonacci levels are reinforcing key technical levels identified by candlestick structure.

Backtest Hypothesis

Based on the observed structure and indicator behavior, a potential backtest strategy could be constructed using a bullish breakout pattern with stop-loss and target levels. The strategy could involve entering long at $0.0865, placing a stop-loss at $0.0860 (below recent support), and targeting $0.0873 (the 61.8% retracement level and upper resistance). Given the bullish engulfing pattern and the MACD crossover, a 24-hour time frame could be used to test the efficacy of such a strategy. This approach would align with the observed price action and could provide a framework for evaluating the strength of the current upward momentum.