Market Overview: Stratis/Tether (STRAXUSDT) 24-Hour Technical Summary

Summary
• STRAXUSDT posted a bullish reversal pattern on the 5-minute chart near $0.0204.
• Momentum shifted upward in early ET hours, with RSI approaching overbought levels.
• Volume surged during the late-night rebound, confirming renewed buying pressure.
• Price tested a 61.8% Fibonacci level and bounced, suggesting strong support at $0.0204.
• Bollinger Bands showed a contraction before the breakout, signaling potential volatility expansion.

Stratis/Tether (STRAXUSDT) opened at $0.02025 on 2026-01-01 12:00 ET, reached a high of $0.0216, a low of $0.02018, and closed at $0.02104 as of 2026-01-02 12:00 ET. Total volume was 16,966,781.0, and notional turnover amounted to $348,255.19 over 24 hours.

Structure & Formations

Price action showed a key support cluster forming around $0.0204–$0.0205, with a bullish engulfing pattern visible near the 21:00 ET hour. A larger 5-minute swing high of $0.0216 was followed by a retracement that stalled just above 61.8% Fibonacci, suggesting buyers regained control in the final stretch of the 24-hour period.

Moving Averages and Momentum

On the 5-minute chart, the 20-period MA crossed above the 50-period MA in the early morning ET, signaling a potential short-term uptrend. The RSI approached 70, hinting at overbought conditions, but was still within reasonable bounds. MACD showed a positive crossover with increasing histogram bars, supporting the momentum thesis.

Volatility and Volume Behavior

Bollinger Bands showed a noticeable contraction in the overnight hours before a breakout above the upper band occurred. Volume surged during the late-night rebound, particularly between 00:00–03:00 ET, as buyers absorbed the prior selling pressure. Notional turnover also spiked in tandem with price, confirming the strength of the move.

Forward Outlook

STRAXUSDT may test resistance at $0.0215–$0.0216 in the next 24 hours, with a potential pullback to retest the $0.0204 support level. Traders should remain cautious, as overbought conditions and rising short-term averages may trigger a consolidation phase if buyers fail to hold above $0.0212.