Market Overview: Stratis/Tether (STRAXUSDT) – October 10, 2025

• STRAXUSDT traded in a 0.0375–0.03878 range over 24 hours, with a 0.6% price gain
• Price rejected key resistance at 0.03847 early, later testing and holding above 0.0381
• RSI and MACD show strengthening momentum post-19:00 ET, despite low volatility
• Volume surged 1.3x above average during 13:30–15:00 ET bearish reversal
• Fibonacci 61.8% level at 0.03797 acts as dynamic support amid mixed candlestick signals

24-Hour Price Action and Volume

Stratis/Tether (STRAXUSDT) opened at 0.03798 on October 9 at 12:00 ET, hit a high of 0.03878, and closed at 0.03827 on October 10 at 12:00 ET. Total volume traded over the 24-hour window was 10,122,518. Total notional turnover reached $383,796. The pair experienced a moderate bullish tilt with a 0.6% price gain, but volatility remained subdued for much of the session.

Structure & Key Levels

STRAXUSDT formed a double-bottom pattern around 0.0375–0.0377 before a sharp 1.5% rally post-13:30 ET. A bearish engulfing pattern appeared at 0.03828, followed by a bullish harami around 0.03806. Key resistances include 0.03847 (broken and retaken), and 0.03878 (24-hour high). Immediate support levels sit at 0.03811 and 0.03797, both Fibonacci retracement levels from the October 9 selloff.

Volatility, Bollinger Bands, and Momentum

Bollinger Bands constricted between 18:00–19:00 ET, signaling a potential breakout. Price broke above the upper band at 0.03847 before consolidating within the channel. MACD turned positive after 19:00 ET, suggesting a shift in momentum, though the histogram remains narrow. RSI reached 54, indicating a neutral zone but with room for a move into overbought territory.

Volume and Turnover Dynamics

Volume surged 1.3x above the 15-minute average between 13:30–15:00 ET, coinciding with a sharp 1.7% drop to 0.0375. However, turnover did not confirm the bearish move, suggesting some divergence. Conversely, the rebound from 0.0375–0.0377 was supported by steady volume and no major divergence, offering a bullish signal.

Forward-Looking View and Risk

STRAXUSDT appears to be consolidating above key support at 0.03797 with improving momentum. A break above 0.03847 could trigger a test of the 0.03878 resistance. Conversely, a retest below 0.03775 would raise bearish concerns. Investors should monitor volume and RSI for confirmation of directional bias, with short-term volatility likely to remain constrained.

Backtest Hypothesis

A potential strategy could be to buy on a close above the 20-period EMA at 0.03815, with a stop-loss below 0.03797 and a target at 0.03847 (61.8% Fibonacci level). This aligns with the recent price behavior of STRAXUSDT, where support and momentum indicators have shown strength. A sell signal could be generated on a close below the 50-period EMA at 0.03802, with a stop above 0.03822. Backtesting such a system on the 15-minute chart would help validate its reliability in capturing short-term directional moves.