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

Summary
• Price tested key support at $0.02665–0.02670 and bounced, forming a bullish reversal pattern.
• Volume surged above average in early morning hours, confirming a short-covering rally.
• RSI shows bearish divergence, suggesting momentum could weaken ahead.
• Bollinger Bands narrowed before 06:00 ET, indicating a potential breakout phase.
• 20-period MA on the 5-minute chart now acts as a dynamic support above $0.02680.

Sahara AI/Tether (SAHARAUSDT) opened at $0.02711 on 2026-01-15 12:00 ET, reached a high of $0.02726, a low of $0.02662, and closed at $0.02675 on 2026-01-16 12:00 ET. Total volume was 7,619,816.0 and notional turnover was $206,196.82 over the past 24 hours.

Structure & Key Levels

Price found support at $0.02665–0.02670 after a sharp decline, bouncing with a bullish engulfing pattern. Resistance forms at $0.02690 and $0.02710. A 50-period moving average on the 5-minute chart currently sits at $0.02683, supporting the bounce. Fibonacci retracement levels suggest a potential pullback target near $0.02678 and a key breakout threshold at $0.02696.

Momentum and Volatility

MACD turned bearish as the histogram flattened, suggesting losing upward momentum. RSI has been below 50 for most of the session but remains above 40, not yet in oversold territory. Volatility contracted ahead of 06:00 ET and expanded after a large-volume candle, signaling a likely breakout phase.

Volume and Turnover Analysis

Volume spiked in the early morning (00:00–04:00 ET), confirming a short-covering rally as price moved from $0.02662 to $0.02679. Notional turnover mirrored this pattern, with a peak of $5,477.71 at 11:00 ET. Price and turnover remain aligned, but RSI divergence suggests caution for potential volume pullback.

Market Outlook and Risk Consideration

The bounce from key support and aligned volume suggest SAHARAUSDT may test $0.02690 in the next 24 hours. However, bearish divergence in RSI and a flattening MACD histogram indicate caution for potential consolidation or further correction if breakout fails. Investors should watch for break below $0.02670 for increased downside risk.