STRAXUSDT Bounces From 0.0144 — But Divergences Warn of Wider Volatility

Summary
• STRAXUSDT formed a bullish engulfing pattern near 0.01490–0.01496 after a sharp pullback.
• Momentum cooled as RSI dropped below 50, suggesting potential consolidation.
• Volatility expanded mid-session as price traded between 0.0144 and 0.0156.
• Volume spiked near 0.0155 and 0.0145, showing key buying and selling pressure.
• Bollinger Bands widened, suggesting increased uncertainty ahead of major support.

Stratis/Tether (STRAXUSDT) opened at 0.01501 on 2026-02-06 at 12:00 ET, reached a high of 0.01542, a low of 0.01440, and closed at 0.01472 on 2026-02-07 at 12:00 ET. Total 24-hour volume was 13,937,848 STRAX, and turnover amounted to approximately 214,517.54 USDT.

Structure & Formations

Price action revealed key support at 0.01490–0.01496 and 0.01450–0.01455, with the latter showing strong rejection. A bullish engulfing pattern formed after the 0.0144 low, suggesting short-term buyers may re-enter. A bearish divergence near 0.01555 hinted at potential exhaustion.

Moving Averages

On the 5-minute chart, 20- and 50-period moving averages crossed in a potential golden cross near 0.01510, indicating short-term bullish bias. Daily 50/100/200 EMAs remain flat, signaling no strong directional bias over the longer term.

Momentum & RSI

Relative Strength Index (RSI) dropped to 38 after mid-session volatility, pointing to oversold conditions near 0.0145. MACD showed a bearish crossover but failed to confirm a strong bear trend. Momentum appears to be stabilizing, with potential for a bounce if buyers defend 0.0145.

Volatility & Bollinger Bands

Volatility expanded significantly, with Bollinger Bands widening to 0.0012 (2σ) during the low near 0.0144. Price traded near the lower band, suggesting oversold territory. A rebound toward the middle band could be in play if the 0.0145 level holds.

Volume & Turnover

Volume surged near 0.0155 (13M STRAX) and 0.0145 (1.5M STRAX), aligning with key price inflection points. Turnover confirmed both, indicating active participation. A divergence between volume and price during the rebound near 0.0149 suggests caution for further upside.

Fibonacci Retracements

The recent 0.0144–0.01546 swing saw price find support at the 61.8% retracement (0.01493), which coincided with the bullish engulfing pattern. Daily Fibonacci levels suggest key resistance at 0.0150 and 0.0153 if the trend reverses.

Looking ahead, a test of 0.01493–0.0150 could offer a buying opportunity, but traders should remain cautious as volatility and divergences may signal further consolidation or reversal. Watch for a break of 0.0145 as a risk event in the next 24 hours.