Market Overview for Stratis/Tether (STRAXUSDT) – 2025-09-23

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• Stratis/Tether (STRAXUSDT) closed higher at 0.04014 after forming bullish momentum amid key resistance.• Price surged from 0.0396 to 0.04026, with volume and turnover aligning with the rally, indicating buying conviction.• A potential consolidation pattern formed near 0.0400–0.0401, with RSI signaling moderate momentum and no overbought conditions.• Bollinger Bands expanded, showing increased volatility, with price near the upper band.• Key Fibonacci levels at 0.0400–0.0402 and 0.0398–0.0399 support/retest likely in the next 24 hours.

Stratis/Tether (STRAXUSDT) opened at 0.03992 on 2025-09-22 at 12:00 ET and closed at 0.04014 on 2025-09-23 at 12:00 ET. The 24-hour period saw a high of 0.04026 and a low of 0.03945. Total volume amounted to approximately 11,938,589 STRAX, with a notional turnover of around $475,174 (STRAXUSDT).

Structure & Formations

Price action on the 15-minute chart exhibited a clear bullish bias, with a key breakout above the 0.0400–0.0401 cluster. A bullish engulfing pattern emerged around 2025-09-23 071500 to 080000, followed by a smaller consolidation pattern. A doji formed at 0.0396–0.0397 on the 2025-09-23 044500 candle, signaling indecision. Key support levels identified include 0.0395, 0.0398, and 0.0400, with resistance at 0.0401, 0.0403, and 0.0405.

Moving Averages

On the 15-minute chart, the 20-EMA and 50-EMA showed a crossover with the price above both, reinforcing the bullish trend. The daily chart showed the price above the 50-EMA, with the 100- and 200-EMAs also providing support, suggesting a continuation of the uptrend.

MACD & RSI

The 15-minute MACD remained in positive territory, with a narrowing histogram indicating consolidation after the breakout. RSI peaked at 59 near the high of the day, suggesting moderate strength without entering overbought territory. A RSI divergence was noted during the doji formation, hinting at possible near-term profit-taking or a retest of support.

Bollinger Bands

The 20-period Bollinger Bands widened significantly following the breakout, indicating increased volatility. Price briefly touched the upper band at 0.04026 but remained inside the channel, suggesting continued upward momentum without a breakout failure.

Volume & Turnover

Volume spiked during the breakout phase (093000–103000) and again during the late-day consolidation (150000–160000). Notional turnover increased in line with the price action, showing no divergence. The most active 15-minute period was at 2025-09-23 071500–080000, with over 274,000 STRAX traded.

Fibonacci Retracements

Applying Fibonacci to the recent swing from 0.03945 to 0.04026, key retracement levels were identified at 38.2% (0.0400), 61.8% (0.03977), and the base at 0.03945. The price showed resistance at the 38.2% level and could face support at 61.8% before a potential rally to the 0.0405–0.0407 cluster.

Backtest Hypothesis

Based on the observed price action and technical indicators, a potential backtesting strategy could involve entering a long position on a bullish engulfing pattern confirmation, with a stop-loss placed below the 0.0397 level and a take-profit at 0.04025–0.04035. This setup aligns with the breakout and could be tested using historical 15-minute data over the past 90 days to evaluate win rate, average return, and risk-reward ratio.