Market Overview for Stratis/Tether (STRAXUSDT) on 2025-09-27

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• STRAXUSDT opened at $0.03799 and closed at $0.03874, reaching a high of $0.03911 and a low of $0.0379.
• Price formed a bullish trend with multiple higher highs and higher lows across the 24-hour span.
• Volatility expanded notably after 18:30 ET, with a peak in volume and turnover near 20:00 ET.
• RSI showed moderate bullish momentum with no overbought or oversold conditions observed.
• MACD remained in positive territory, suggesting bullish bias with no bearish divergences detected.

STRAXUSDT opened at $0.03799 on 2025-09-26 12:00 ET and closed at $0.03874 on 2025-09-27 12:00 ET, achieving a high of $0.03911 and a low of $0.0379 over the 24-hour period. Total volume amounted to 10,471,434 STRAX, with a notional turnover of approximately $398,242 (based on mid-quotes and volumes). The asset displayed a consistent upward bias with moderate volatility.

Structure & Formations

Price moved in a series of higher lows and higher highs, with key support levels identified at $0.0386 and $0.0388, and resistance at $0.03895 and $0.03911. A bullish engulfing pattern formed near the 18:30 ET candle, reinforcing the upward trend. A small doji appeared at 03:00 ET, signaling a brief pause in momentum but not reversing the trend.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages were both sloping upwards, indicating bullish momentum. The 50-period MA was consistently below price action, suggesting a strong upward trend. No significant crossovers or divergence were observed. The 200-period MA remained flat, indicating a neutral stance on longer-term sentiment.

MACD & RSI

The MACD remained positive throughout the session, with the histogram expanding after 19:00 ET as bullish momentum gathered strength. RSI peaked at 59.3 during the session, indicating moderate bullish pressure without reaching overbought territory. The oscillator remained above 50 for most of the period, suggesting a firm upward bias.

Bollinger Bands

Price remained within the upper and lower Bollinger Bands for most of the session, with a modest expansion in the bands after 19:00 ET. The narrowing of the bands earlier in the session suggested a period of consolidation, which was followed by a breakout to the upside as volatility increased.

Volume & Turnover

Volume surged to a peak of 460,873 STRAX at 19:45 ET, coinciding with a pullback in price and a consolidation phase. Turnover increased significantly during this time, aligning with price action. A divergence between volume and price was observed at 20:00 ET, where volume declined slightly despite continued price gains—suggesting a possible pause in momentum.

Fibonacci Retracements

Applying Fibonacci levels to the recent 15-minute swing from $0.0379 to $0.03911, price found support at the 61.8% retracement level around $0.0386 and resistance at the 38.2% level at $0.03895. The daily swing from the previous 24-hour period showed similar retracement support at $0.0385 and resistance at $0.0390, both of which were respected during the session.

Backtest Hypothesis

The backtest strategy described involves a breakout-based approach using 15-minute candlestick patterns and volume confirmation. Specifically, a long signal is triggered when price breaks above the high of a bullish engulfing pattern, confirmed by a volume spike exceeding the previous candle’s average. Stops are placed below the pattern’s low, and targets are set at the Fibonacci 1.618 extension of the engulfing pattern. The recent engulfing pattern at 18:30 ET could be a viable candidate for such a strategy, with a stop potentially placed at $0.0386 and a target at $0.0393. Historical data from similar setups would be needed to assess win rate and risk-reward ratios.