Market Overview for Stratis/Tether (STRAXUSDT) as of 2025-10-24 12:00 ET

• Price rose from 0.03164 to 0.03232 on strong volume, forming a bullish breakout pattern
• RSI shows moderate momentum with no overbought/oversold signals
• Volatility increased with widening Bollinger Bands
• Volume surged after 02:00 ET with no clear divergence to price
• STRAX/USDT faces key resistance at 0.0320–0.0323

The STRAX/USDT pair opened at 0.03164 on 2025-10-23 12:00 ET and closed at 0.03178 at 12:00 ET the following day. During this 24-hour period, it reached a high of 0.03232 and a low of 0.03144. Total trading volume was 1,919,940 STRAX, and notional turnover amounted to approximately $59,972 (assuming $0.03178 average price).

Structure & Formations

The price action displayed a bearish-to-bullish reversal after 02:00 ET, with a key bullish breakout occurring around 04:45–05:00 ET when STRAX/USDT surged from 0.03194 to 0.03221. A strong bullish engulfing pattern formed in the early hours of 2025-10-24, with a 15-minute candle opening at 0.03214 and closing at 0.03221. Key resistance is now at 0.0320–0.0323, while support levels lie at 0.0318–0.0319 and 0.0315–0.0316.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages show a bullish crossover, with price above both. The 20-period MA rose from 0.0316 to 0.0318 during the period, indicating a potential continuation of the uptrend. On the daily chart, the 50-period MA sits at 0.0317, with price slightly above it but not yet confirming a strong bullish bias.

MACD & RSI

The MACD line crossed above the signal line around 04:00 ET and remained positive for most of the day, suggesting increasing bullish momentum. RSI remained in the 50–60 range, indicating moderate strength without reaching overbought territory. The histogram shows a narrowing of momentum divergence after 06:00 ET, hinting at a potential consolidation phase.

Bollinger Bands

Volatility increased significantly as the Bollinger Bands widened from a range of 0.0315–0.0319 to 0.0313–0.0323. Price reached the upper band multiple times during the late hours of 2025-10-23 and early 2025-10-24 before consolidating. The most recent expansion suggests increased buying pressure, but caution is warranted if the price starts to trend sideways or weakens.

Volume & Turnover

Volume spiked between 02:00 and 04:30 ET, with a particularly large 15-minute candle at 03:30–04:45 ET recording 90,341 STRAX traded. Notional turnover also increased during this time, reaching a 24-hour high of $2,955 (0.03219 × 90,341). Price and turnover aligned positively, with no divergence to suggest a reversal.

Fibonacci Retracements

The most recent 15-minute swing (0.03144–0.03232) saw price retrace to the 61.8% level at 0.0318, where it consolidated for a time before continuing higher. Daily Fibonacci levels are less defined due to the range-bound nature of the pair over the past week, but the 0.0318 level remains a key psychological target for both buyers and sellers.

Backtest Hypothesis

Given the bullish engulfing pattern that formed between 04:45 and 05:00 ET (0.03214–0.03221), a backtest could be conducted using the following rules: 1) Exit the position if the price closes above the high of the engulfing candle (0.03221) or reaches a fixed 3% gain from entry; 2) Implement a stop-loss at the low of the engulfing candle (0.03214) or 1% below the entry price. Additional constraints could include a 48-hour holding maximum and a trailing stop after a 2% gain. These rules would allow for testing the profitability of the pattern within the context of the current volatility and volume dynamics.