Market Overview for Space and Time/Tether USDt (SXTUSDT)

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• SXT/USDT traded down 0.57% over 24 hours, closing at 0.0806 after a volatile session with key support tested below 0.08.
• Momentum weakened in RSI and MACD, suggesting potential bearish continuation ahead of possible overbought/oversold thresholds.
• Volatility expanded mid-session before contracting, with price consolidating near 20-period SMA on 15-min chart.
• Volume spiked near key levels before retreating, indicating active but inconclusive participation from large buyers.

Space and Time/Tether USDt (SXTUSDT) opened at 0.0816 on 2025-09-09 at 12:00 ET, reaching a high of 0.0835 and a low of 0.0793 before closing at 0.0806 on 2025-09-10 at 12:00 ET. The 24-hour volume was approximately 10.6 million contracts, with total turnover of USD 854,232.

Structure & Formations

Price formed a bearish engulfing pattern from 2025-09-10 03:30 to 04:45 ET, confirming a shift in sentiment. A key support level emerged around 0.0804–0.0807, which held during a critical selloff period. A large-bodied candle closed below 0.0810, suggesting exhaustion for buyers. A doji near 0.0803–0.0805 indicated short-term indecision and potential reversal risk.

Moving Averages and Volatility

On the 15-minute chart, price closed slightly below the 20-period SMA (0.0811) and well below the 50-period SMA (0.0813), indicating bearish bias in the short term. Bollinger Bands showed a moderate contraction in the final hours, with price tightening toward the lower band (0.0804) and indicating a possible reversal or breakout in near future.

Momentum and RSI

RSI declined from the 50–60 range to 38–40, confirming bearish momentum. MACD crossed below the signal line with negative divergence, signaling a continuation of the downtrend. While not in overbought or oversold territory, the trend suggests a test of support levels near 0.08 and below could trigger further selling.

Volume & Turnover

Volumes spiked between 03:00 and 05:00 ET, with large notional turnover (USD 120,000+) on key declines. Despite this, price failed to retest key levels above 0.0816, signaling possible rejection by the 0.0820–0.0822 resistance range. Divergence between price and volume suggests lack of conviction from large buyers.

Fibonacci Retracements

The 0.618 Fibonacci level of the recent swing high (0.0835) and low (0.0793) sits at approximately 0.0808–0.0810, where price has been consolidating. The 0.382 level at 0.0820 acted as a minor resistance and may reappear as a key threshold for buyers.

Backtest Hypothesis

A backtest strategy based on the 20/50 SMA crossover on the 15-minute chart, combined with RSI below 40, would have generated a short signal during the early morning hours. Holding the position until the 0.0804–0.0807 support level is reached and using a stop above 0.0813 provides a risk-reward ratio of 1:1.5. This approach aligns with the bearish structure observed and may yield better results when combined with a volatility filter using Bollinger Band width contraction.