Market Overview for Space and Time/Tether (SXTUSDT) on 2025-09-24

• SXTUSDT traded in a tight range for most of the day, with a late rally into the close.
• A bearish divergence emerged on the RSI, suggesting potential overbought conditions.
• Volatility picked up in the final 6 hours of the session, with volume increasing sharply.
• A key support level appears to have held at 0.0705, preventing a deeper decline.
• The MACD crossed into positive territory, signaling potential bullish momentum.

The price of Space and Time/Tether (SXTUSDT) opened at 0.0706 at 12:00 ET - 1 and closed at 0.0711 at 12:00 ET. The 24-hour range was 0.0705 to 0.0724, with a total volume of 23,213,132.1 and a notional turnover of $1,632,814.40. The price action showed a late-day rally, with a critical support at 0.0705 holding firm.

On the 15-minute chart, SXTUSDT appears to have found a key support zone near 0.0705, where it tested and bounced multiple times. A bullish engulfing pattern emerged at 0.0706, followed by a strong green candle at 0.0711, signaling potential bullish momentum. The 20-period moving average crossed above the 50-period line, indicating a short-term bullish bias. The 50-period moving average on the daily chart is currently above the 100-period line, reinforcing the idea of a medium-term uptrend.

The RSI crossed into overbought territory near 61.8% Fibonacci level, suggesting potential resistance at 0.0713. A bearish divergence in the RSI was observed as price made higher highs but the indicator made lower ones. The MACD crossed into positive territory with a strong histogram, supporting the bullish case. Bollinger Bands showed a modest expansion, indicating rising volatility, with the price currently sitting just below the upper band.

The volume profile showed a significant spike in the last 6 hours, especially around the 0.0711 level, confirming the recent bullish move. A divergence was noted between the final candle close and volume, with the latter confirming the upward thrust. The 61.8% Fibonacci retracement level at 0.0711 acted as a strong support/resistance area. The price appears to have a higher probability of testing key resistance at 0.0716 or 0.0724 in the next 24 hours, with the 0.0705 support acting as a critical floor.

The backtesting strategy involves using a combination of RSI and MACD signals to enter trades. When the RSI crosses into overbought territory and the MACD shows a bullish crossover, a long position is initiated. Stops are placed below the nearest Fibonacci support level, and take-profit targets are set at the next Fibonacci resistance. The strategy aims to capture momentum-driven price extensions in a trending market.