Market Overview: STRAXUSDT Volatility and Positive Momentum in a 24-Hour Window

Summary
• Price advanced from $0.02317 to $0.02365, forming bullish continuation patterns in late ET hours.
• Momentum shifted positively post 08:15 ET with RSI rising above 50 and MACD turning positive.
• Volume spiked sharply post 08:15 ET, supporting the upward move with increased notional turnover.
• Volatility expanded as Bollinger Bands widened; price traded near the upper band most of the morning.
• Fibonacci retracement levels showed STRAXUSDT consolidating near 61.8% of the prior bearish swing.

Opening Snapshot

At 12:00 ET–1, Stratis/Tether (STRAXUSDT) opened at $0.02317, reaching a high of $0.02362 and a low of $0.02316 before closing at $0.02365. Total volume over the 24-hour period was 10,842,616. The notional turnover amounted to approximately $258,972, with the largest spike occurring during the early morning ET rally.

Structure & Moving Averages

Price action displayed a bullish bias as it tested and held above key support levels, particularly near $0.0236. On the 5-minute chart, the 20-period and 50-period moving averages both turned upward by 08:15 ET, reinforcing the upward shift. The daily chart showed a retest of the 50-period SMA, which held as a dynamic support line.

Momentum and Volatility

The RSI crossed above 50 in early ET hours, indicating a shift in momentum toward buyers. MACD turned positive with a bullish crossover, confirming the trend. Bollinger Bands expanded during the morning session, and STRAXUSDT remained above the 20-period SMA, trading near the upper band, suggesting heightened volatility and a continuation of the upward trend.

Volume and Fibonacci Levels

Volume increased significantly after 08:15 ET, with a large-volume candle at that time showing a high of $0.02362. This aligned with Fibonacci retracement levels near 61.8% of the prior bearish move, where price found consolidation. Turnover confirmed the strength of the move, with no significant divergence observed between price and volume.

Forward-Looking Implication

Looking ahead, the pair may consolidate near the $0.0236–$0.0237 range before testing resistance at $0.0239. However, traders should remain cautious of potential pullbacks, especially if the 20-period SMA begins to flatten or if volume starts to decline after the morning spike.