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Summary
• Price found a 24-hour low of $0.02618 and closed near 61.8% Fibonacci support.
• Volume spiked during the bullish reversal but has since declined, showing mixed momentum.
• RSI remains in balanced territory, suggesting no immediate overbought or oversold conditions.
• Bollinger Bands tightened during consolidation, hinting at a potential breakout.
Sahara AI/Tether (SAHARAUSDT) opened at $0.02625, reached a high of $0.02732, and settled at $0.02654 by 12:00 ET on 2025-12-24. Total volume was 15.48 million, with $409,214 notional turnover over the 24-hour window.
Structure & Formations
Price action showed a consolidation phase between $0.0264 and $0.0267 before breaking out to a high of $0.02732. The 61.8% Fibonacci level at $0.0265 served as strong support, with a bullish engulfing pattern forming around 15:30 ET. A doji around $0.02692 hinted at indecision, but was followed by a strong bullish reversal.
Moving Averages
On the 5-minute chart, the 20-period MA rose above the 50-period MA in the late hours of Dec 23, signaling a potential short-term upturn. Daily MAs show
MACD & RSI
MACD lines showed a positive crossover during the 14:30–15:00 ET window, aligning with the price breakout. RSI remained in the 50–60 range most of the day, indicating moderate momentum without overbought conditions.
Bollinger Bands
Price spent much of the 24-hour period in a tight Bollinger Band range, especially between 18:00 and 22:00 ET. A breakout occurred near the upper band at 16:15 ET, confirming increased volatility and potential continuation of the upward move.
Volume & Turnover
Volume surged during the breakout phase, with over 790,000 units traded at 15:30 ET. Turnover also spiked, confirming the price move was backed by strong buying interest. However, volume has since declined, suggesting that further confirmation may be needed for the trend to hold.
Fibonacci Retracements
Recent 5-minute swings placed the 61.8% retracement at $0.0265 and 38.2% at $0.0270 as key levels. Price held above $0.0265, with a potential target at $0.0273 if the current bullish trend continues.
Looking ahead, the pair may test resistance at $0.0273 and face potential profit-taking pressure. Investors should remain cautious of a possible pullback if volume fails to confirm further upside.
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