Stratis/Tether (STRAXUSDT) Market Overview

• STRAX/USDT traded in a 24-hour range between $0.04284 and $0.04346, closing near the lower end with bearish momentum.
• Price broke below key 15-min support levels, with volume surging during the late-night breakdown.
• RSI and MACD signaled weakening bullish momentum, hinting at possible consolidation or further downside.
• Bollinger Bands expanded overnight, suggesting increased volatility and potential trend continuation.
• Fibonacci retracement levels at 61.8% and 78.6% may serve as near-term key support thresholds.

Stratis/Tether (STRAXUSDT) opened at $0.04338 on 2025-09-19 at 12:00 ET, reached a high of $0.04346, a low of $0.04284, and closed at $0.04309 by 12:00 ET on 2025-09-20. Total traded volume was 3,240,331 STRAX, while notional turnover amounted to approximately $139,036 USD.

The price action over the past 24 hours shows a bearish bias, with multiple breakdowns below key intraday support levels. A sharp decline began at 23:30 ET on 2025-09-19, forming a bearish engulfing pattern, followed by a deep pullback into the early morning. The most recent 15-minute candles show consolidation, but the overall trend remains weak.

The 20- and 50-period moving averages on the 15-minute chart intersected with the price during the morning hours, but failed to provide a bullish reversal signal. The 50-period MA at $0.04317 currently acts as a dynamic resistance, while the 200-period daily MA at $0.04323 offers a critical psychological barrier.

MACD shows a bearish crossover with the signal line, and RSI has fallen into the oversold territory (~28), suggesting potential for a short-term bounce. However, the RSI divergence with price during the morning pullback indicates a lack of buying conviction. Bollinger Bands have widened significantly following the overnight breakdown, with the price sitting near the lower band, reinforcing a continuation bias.

Fibonacci retracement levels from the recent 15-minute high of $0.04346 to the low of $0.04284 are key to watch. The 61.8% level at $0.04309 and 78.6% level at $0.04297 are critical for short-term support. If these levels fail, the next target is around $0.04284, the initial support. Volume surged during the breakdown but has since moderated, which could mean the price may consolidate for a few hours before the next move.

Backtest Hypothesis

The proposed backtesting strategy aims to exploit short-term bearish momentum using RSI divergence and Bollinger Band contractions as entry signals. A trade is initiated when RSI enters oversold territory (<30) while the price is near the lower Bollinger Band, with a stop-loss placed above the 50-period moving average. A bullish reversal is considered if the price crosses above the 20-period MA with increasing volume.
Applying this strategy to the recent 15-minute data, a sell entry might have been triggered around **$0.04310** after 1:30 AM ET when RSI hit 28 and the price hovered near the lower Bollinger Band. A stop-loss would have been placed at **$0.04318**, which was breached in the morning, indicating a potential exit. If the strategy were applied strictly, a trader might have captured a ~0.6% move to the 61.8% Fibonacci level.