Market Overview for Stratis/Tether (STRAXUSDT)

Summary
• STRAXUSDT formed a bullish engulfing pattern at 0.02136 and tested key resistance at 0.02222 with mixed follow-through.
• Price retreated into a consolidation phase between 0.02146 and 0.02202, with Bollinger Bands showing moderate volatility.
• RSI signaled overbought conditions twice during the session, but volume failed to confirm strong momentum.

Stratis/Tether (STRAXUSDT) opened at 0.02127 on 2026-01-05 12:00 ET, reached a high of 0.02442, fell to a low of 0.02117, and closed at 0.02168 by 2026-01-06 12:00 ET. The 24-hour volume was 142,842,635.0, with a notional turnover of 3,043,024.95.

Structure & Formations

The session began with a strong bullish move, forming a classic bullish engulfing pattern at 0.02136. Price pushed to 0.02442 but failed to hold above the 0.02222 level. A bearish divergence in price and RSI followed, indicating waning momentum.

Volume & Turnover

Volume spiked during the initial rally at 0.02136–0.02222, with a 5-minute candle showing 27,457,415 volume and 622,948 turnover, the highest of the session. However, the volume failed to confirm the price highs in subsequent hours, suggesting a potential distribution phase.

Volatility and Bollinger Bands

Bollinger Bands widened during the initial rally, showing increased volatility, but contracted in the final hours as price settled within the mid-range. The 20-period band showed price hovering near the lower and mid-band, indicating a low to moderate volatility regime.

Momentum and Overbought/Oversold Conditions

RSI hit overbought territory (70+) twice, at 0.02222 and again at 0.02215, but failed to sustain above 60 in either case. MACD showed a positive crossover early in the session, followed by a flattening histogram, signaling weakening bullish momentum.

Fibonacci Retracements

Applying Fibonacci to the key 0.0212–0.02442 swing, price found resistance at 0.02289 (38.2%), with a 61.8% retracement at 0.02336 acting as a potential ceiling for near-term upside.

Looking ahead, STRAXUSDT may test the 0.02222–0.02252 range for a potential breakout or retest of 0.02146–0.0215 as support. Investors should remain cautious of diverging volume patterns and overbought RSI readings, which could precede a reversal.