Market Overview for Stratis/Tether (STRAXUSDT) on 2026-01-01

Summary
• STRAXUSDT formed a bullish engulfing pattern near $0.0192–$0.0196 support.
• RSI signaled overbought conditions briefly near 70, suggesting momentum divergence.
• Volatility expanded in the 4–7 AM ET window, with volume spiking over 1.7M STRAX.
• Price broke above 20-period MA at 0.02025, indicating potential short-term bullish bias.
• Fibonacci 61.8% level at $0.0202 acted as immediate resistance, tested twice with mixed results.

Market Overview

Stratis/Tether (STRAXUSDT) opened at $0.01976 on 2025-12-31 at 12:00 ET and closed at $0.02018 one day later. The pair reached a high of $0.02073 and a low of $0.01912. Total volume across the 24-hour period was 16.5M STRAX, with a notional turnover of $345,430.

Structure and Patterns

Price action revealed key support at $0.0192–$0.0196, where a bullish engulfing pattern formed after a sharp sell-off. A later bearish divergence occurred at $0.0205–$0.0204, suggesting exhaustion in the short-term rally. A doji near $0.01995 signaled indecision during consolidation in the 6 AM–7 AM ET timeframe.

Trend and Moving Averages

The price crossed above the 20-period and 50-period moving averages on the 5-minute chart, reinforcing a potential short-term bullish bias. However, the 100- and 200-period daily MAs remain bearish, suggesting medium-term uncertainty.

Momentum and Volatility

RSI reached overbought territory (70) during the morning rally but failed to sustain the move, hinting at possible profit-taking. Volatility surged during the 4–7 AM ET hours, with the 5-minute Bollinger Bands widening significantly. Price tested the upper band twice, failing to break out decisively.

Volume and Turnover

Volume spiked during the 5 AM–6 AM ET rally, with over 1.7M STRAX traded at $0.0203–$0.0205. Turnover confirmed the volume, but divergences emerged after $0.02045 as price stalled despite continued trading activity. This suggests potential distribution at higher levels.

Forward-Looking Outlook

STRAXUSDT may test $0.0205 again if buyers step in above $0.0203. A close above $0.0205 would reinforce the bullish case, but failure could lead to a retest of the $0.0198–$0.0200 support zone. Investors should be cautious of thin liquidity in this range, which may lead to sharp reversals.