Market Overview: Sahara AI/Tether (SAHARAUSDT) - 24-Hour Technical Update

• Price action shows a bullish bias after breaking key resistance near 0.0779.• Volume surges in late hours suggest renewed buying interest.• 24-hour volatility remains moderate with price consolidating near key psychological levels.

The Sahara AI/Tether (SAHARAUSDT) pair opened at 0.07764 on 2025-11-08 at 12:00 ET and closed at 0.07772 by the same time on 2025-11-09. The 24-hour high was 0.0782 and the low was 0.07673. Total volume reached 8.17 million tokens with a turnover of approximately $632,770. The price has shown a moderate bullish tilt, especially in the last 10 hours, suggesting increased conviction among buyers.

Structure & Formations

Price found support near 0.07685–0.07700 in the early hours before consolidating above key resistance at 0.0779. A bullish engulfing pattern emerged around 23:30–00:00 ET, confirming the shift in sentiment. The 0.0782–0.0779 range appears to be a significant psychological barrier and possible short-term resistance.

Moving Averages

Short-term 20 and 50-period moving averages on the 15-minute chart crossed above the price in the last 4 hours, indicating a strengthening bullish momentum. On the daily timeframe, the 50-period MA appears to act as support at approximately 0.0774–0.0776, with the 200-period MA offering a floor at ~0.0767.

MACD & RSI

MACD turned positive in the past 4 hours, aligning with the upward move. RSI climbed above 50, showing that momentum has shifted to the bullish side. However, it hasn’t entered overbought territory, suggesting there is room for further gains.

Bollinger Bands

Volatility increased during the late hours of the 24-hour period, with the Bollinger Bands widening. The price has spent the last 4 hours consolidating near the upper band, indicating strong buying pressure and a potential breakout scenario.

Volume & Turnover

Volume surged in the last 10 hours, especially between 04:00–05:15 ET, with over 670,000 tokens traded at 04:30–04:45 ET. This aligns with a 2.5% price increase during the same window. Turnover also spiked, reflecting increased notional value traded, which typically correlates with institutional or large retail interest.

Fibonacci Retracements

Applying Fibonacci levels to the 24-hour low (0.07673) and high (0.0782), key retracement levels are at 38.2% (~0.07755), 50% (~0.07747), and 61.8% (~0.07739). Price has found support at ~0.0775–0.0776 recently, aligning with the 38.2% retracement level. A break above 0.0779 could target the 0.0782 level, which may then serve as a new support zone.

Backtest Hypothesis

To further assess market momentum and potential entry/exit signals, a backtest based on the 14-period RSI is typically valuable. However, due to data unavailability for SAHARAUSDT, a direct RSI-based backtest cannot be performed at this time. If the correct symbol, a CSV/JSON file, or an alternative asset is provided, a comprehensive RSI-driven backtest could be executed. This would involve testing strategies such as RSI overbought/oversold thresholds, divergences, and signal line crossovers to assess their historical performance and relevance for future market action.