Stratis/Tether Market Overview

• STRAXUSDT climbed 0.89% over 24 hours, breaking above prior resistance at $0.03975
• Price remained within Bollinger Bands, with MACD and RSI indicating positive but moderate momentum
• Volume spiked at $0.03998–$0.04008, suggesting short-term accumulation
• No bearish divergence between price and RSI; overbought conditions not yet triggered

At 12:00 ET–1 on 2025-10-02, STRAXUSDT opened at $0.03919, reached a high of $0.04024, and closed at $0.04020 by 12:00 ET. The total volume was 4.66 million STRAX, with a notional turnover of $187,274. The asset exhibited a steady uptrend with several bullish consolidation phases.

Structure & Formations

The 15-minute chart shows a consistent bias to the upside, with key support levels at $0.03956 and $0.03932. Price encountered resistance at $0.0398 and $0.03995, where consolidation and minor bearish corrections were observed. Notable bullish patterns include a morning star near $0.0397 and a bullish engulfing pattern at $0.03982–$0.03998. No strong bearish signals emerged, although a potential bearish pinbar appeared at the high of $0.04008.

Moving Averages

On the 15-minute chart, the 20SMA and 50SMA provided dynamic support throughout the 24-hour window, while the 50/100/200 SMA on the daily chart showed a bullish bias with price above all three. The cross of 20SMA over 50SMA on the 15-minute chart signaled short-term bullish momentum. No significant crossovers occurred on the daily chart, maintaining a long-term bullish outlook.

MACD & RSI

MACD showed a positive divergence, aligning with the upward bias in price. RSI hovered around 60–70 for much of the session, indicating moderate strength without reaching overbought territory. A brief pullback saw RSI dip to 52, offering a low-risk entry zone for buyers. No bearish momentum signs were observed in the last 4 hours.

Bollinger Bands

Volatility expanded in the final hours as price tested the upper band at $0.04024, signaling heightened interest. The bands were relatively narrow for most of the session, suggesting consolidation. Price spent 82% of its time inside the bands, with no strong breakouts or contractions to indicate a regime shift.

Volume & Turnover

Volume was unevenly distributed, with the most significant spikes occurring in the 19:00–22:00 ET period. A large volume spike occurred at $0.03998–$0.04008, coinciding with a price acceleration. Turnover mirrored volume patterns, with no notable divergences between price and turnover. The final 4 hours saw a 35% increase in volume, supporting the recent price break above $0.03995.

Fibonacci Retracements

Applying Fibonacci to the 15-minute swing from $0.03919 to $0.04020, key retracement levels at 38.2% ($0.03978) and 61.8% ($0.03956) were respected as support. On the daily chart, the 61.8% retracement of the previous bearish leg was at $0.03945, which has been a strong support level. Price is currently trading above both key retracement levels, reinforcing the bullish structure.

Backtest Hypothesis

A potential backtesting strategy could use the 20SMA and 50SMA on the 15-minute chart as dynamic support levels and the RSI (14) as a momentum filter. A buy signal is generated when price crosses above the 20SMA and RSI remains above 50. A sell signal is triggered when RSI crosses below 30 or volume declines by 50% from its 30-period average. This strategy would aim to capture the upward bias while filtering false breakouts and managing risk through stop-loss placement at the nearest Fibonacci or Bollinger Band support. Given the recent structure, this approach appears well-suited for the current market regime.