Stratis/Tether Market Overview

• STRAX/USDT posted a 0.03915 close at 12:00 ET after opening at 0.03904.
• Price action showed bearish bias early before reversing higher in final hours.
• Volatility remained contained; volume surged after 6 PM ET before stabilizing.
• RSI suggested oversold conditions early, while MACD confirmed bullish divergence.

Stratis/Tether (STRAX/USDT) opened at 0.03904 on 2025-10-05 at 12:00 ET and closed at 0.03915 on 2025-10-06 at 12:00 ET. The 24-hour high was 0.03932 and the low was 0.03831. Total volume was 6.377 million STRAX, and turnover amounted to $246,371.

Structure & Formations

Price action displayed a key support zone between 0.03840 and 0.03860, which held during multiple early sell-offs before the pair rebounded. A bullish engulfing pattern formed around 10:00 PM ET (050000), signaling a reversal after a bearish pullback. A doji appeared at 1:45 AM ET (014500), hinting at indecision. Resistance emerged at 0.03910 and 0.03930, both of which were tested and partially breached in the final hours.

Moving Averages

On the 15-minute chart, the 20-period and 50-period SMAs aligned closely, suggesting a sideways consolidation. The 50-period SMA acted as a dynamic support line, holding the price above it for most of the session. On the daily chart, the 50-period SMA sat at ~0.03895, currently supporting the trend, while the 100-period and 200-period SMAs indicated a longer-term bullish bias.

MACD & RSI

The MACD showed a positive divergence in the final hours, confirming the bullish bias. RSI bottomed at 29 near 6:15 PM ET (181500), indicating oversold conditions before a strong rebound. It closed the session at ~55, suggesting balanced momentum. Both indicators signaled a potential continuation of the recent uptrend.

Bollinger Bands

Volatility remained low for most of the session but expanded in the final 4 hours, with price pushing above the upper band at 0.03932. This suggests increasing bullish conviction. The lower band held near 0.03832, which coincided with a key support level. Price remains inside the bands, with no clear breakout sign yet.

Volume & Turnover

Volume spiked after 6 PM ET (18:0000) and again at 11:45 PM ET (23:4500), coinciding with sharp moves. Notional turnover mirrored this pattern, confirming price movements. A divergence appeared after 1:00 AM ET (010000), with lower volume on a higher close, suggesting caution.

Fibonacci Retracements

A 38.2% retracement level (0.03875) acted as support mid-session, and a 61.8% level (0.03905) confirmed the bounce late in the session. On the daily chart, the 38.2% retracement (0.03895) aligned with a key moving average, suggesting it could hold as support in the near term.

Backtest Hypothesis

A potential backtest strategy could involve entering long positions on confirmation of bullish engulfing patterns above the 50-period SMA, with tight stop-loss levels at the nearest support. RSI below 30 and MACD divergence could act as confirmation filters. The strategy would target price retracements to the 61.8% Fibonacci level as a first profit target.