Stratis/Tether USDt Market Overview for 2025-09-06

• Price action sees a 0.55% rally from 0.04264 to 0.04297, with key resistance at 0.04295 and support at 0.04273.
• RSI near 55 suggests moderate momentum, while Bollinger Bands show tightening volatility late in the session.
• Volume spiked above 100k at 0.04295, confirming a short-lived bullish breakout.
• Turnover diverged slightly at 0.04275, showing weak follow-through.
• A bullish engulfing pattern formed around 0.04275, suggesting potential reversal after a sell-off.

At 12:00 ET–1 on 2025-09-05, STRAXUSDT opened at 0.04264 and reached a high of 0.04297 by 2025-09-06 04:15 ET. A low of 0.04250 followed before closing at 0.04281 at 12:00 ET on 2025-09-06. Total 24-hour volume amounted to 3,498,659.0 STRAX, with notional turnover of $149,994.36 (calculated using 24-hr average of 0.04279).

Structure & Formations

The price of Stratis/Tether USDt formed a moderate bullish trend throughout the session, with several key price levels emerging. A 15-minute bullish engulfing pattern occurred at 0.04275, suggesting a potential reversal after a sell-off. The price found a strong resistance at 0.04295 and a key support at 0.04273, with the latter acting as a temporary floor. A doji appeared near 0.04275, signaling indecision. The overall structure indicates that the market could retest these levels over the next 24 hours.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart show that the price has consistently traded above the 20-period line, indicating short-term bullish momentum. The 50-period MA has remained below the price, adding to the optimistic outlook for near-term traders. Over the daily chart, the 50-period and 200-period lines have diverged, with the price trading above both, indicating a longer-term bullish bias.

Backtest Hypothesis

A potential backtest strategy involves entering long positions when the price breaks above the 50-period moving average on the 15-minute chart and confirming with a bullish engulfing pattern. Exit signals could be generated when the price crosses below the 20-period MA or when the RSI hits overbought levels (above 60). This approach would capitalize on short-term bullish momentum while managing risk with clear stop-loss triggers at key support levels.

MACD & RSI

The MACD histogram showed a gradual expansion during the morning and early afternoon, reflecting growing bullish momentum. The RSI climbed to 55 at the peak of the session, indicating that the pair is not yet overbought but showing strength in the upward movement. However, a divergence between price and RSI occurred after 0.04275, suggesting caution for continuation traders.

Bollinger Bands

Bollinger Bands showed a tightening range in the latter half of the session, indicating decreasing volatility. The price closed near the upper band, suggesting a potential overbought condition and an increased likelihood of a near-term pullback. Traders may monitor the middle band as a dynamic support/resistance level for the next 24 hours.

Volume & Turnover

Volume surged to over 139,129.0 STRAX at 0.04295, confirming the strength of the breakout from that resistance level. However, notional turnover was relatively lower than expected at 0.04275, signaling potential exhaustion in the buying interest. This divergence suggests traders should remain cautious when interpreting price action in this range.

Fibonacci Retracements

Fibonacci levels drawn from the recent 15-minute swing high of 0.04297 to the low of 0.04275 highlight key retracement levels. A 38.2% retracement at 0.04283 and a 61.8% retracement at 0.04287 provide potential targets for continuation traders. A break below 0.04273, the 61.8% level from the larger daily swing, could signal a deeper pullback.

Looking ahead, traders should watch for a retest of the key support level at 0.04273 and the potential for a consolidation phase as volatility remains compressed. A break above 0.04295 could reignite bullish momentum, but risks of a pullback remain if volume fails to confirm further gains. Investors are advised to stay cautious and set appropriate stop-loss levels.