Summary
•
formed a bullish engulfing pattern near 0.01898–0.01908.
• Price remained above the 20-period moving average most of the session.
• RSI signaled overbought levels after a sharp intraday rally.
• Volatility expanded between 20:00–02:00 ET, correlating with higher volume.
• Bollinger Bands widened, indicating increased short-term uncertainty.
Price and Volume Summary
Stratis/Tether (STRAXUSDT) opened at 0.01898 on 2025-12-23 at 12:00 ET, surged to a high of 0.01945, and settled at 0.01928 at 12:00 ET on 2025-12-24. The 24-hour trading session saw a total volume of approximately 9.65 million STRAX and a turnover of around $188,000 in USD terms.
Structure & Formations
A bullish engulfing pattern emerged during the early hours, formed between 0.01898 and 0.01908, suggesting potential short-term buyer interest.
A series of higher lows between 20:00–02:00 ET reinforced a constructive structure, with the price hovering above the 20-period moving average for much of the session.
Trend and Momentum
The 20-period moving average on the 5-minute chart remained in positive territory, supporting a continuation of the short-term uptrend. RSI reached overbought levels (above 70) around 00:30–01:30 ET, raising the possibility of a near-term pullback. MACD remained positive throughout the session, indicating sustained momentum despite the overbought condition.
Volatility and Bollinger Bands
Bollinger Bands expanded significantly during the late evening and early morning hours, reflecting increased volatility. Price action remained well within the bands, with the 20-period moving average acting as a dynamic support line. The widening bands suggest elevated uncertainty and potential for either consolidation or another directional move.
Volume and Turnover
Volume spiked in the early morning hours (00:00–04:00 ET), coinciding with the breakout attempt and subsequent consolidation. Notional turnover also increased during this period, confirming the price action. No significant divergence was observed between price and turnover, reinforcing the validity of the bullish structure.
Forward Outlook and Risk
STRAXUSDT appears to have carved out a short-term base between 0.01910 and 0.01930. A break above 0.01935 could attract more buyers, while a retest of 0.01910 may offer a key support level. Investors should remain cautious of potential overbought conditions and watch for any divergence in RSI and volume as potential reversal signals.
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