Market Overview for Stargate Finance/Tether (STGUSDT) – 2025-10-09

• Price declined from 0.2125 to 0.1971, with a sharp sell-off in the overnight hours.
• RSI and MACD showed bearish momentum, with volume spiking during the sell-off.
• Bollinger Bands expanded during the downturn, indicating heightened volatility.
• Key Fibonacci support levels were broken, suggesting further downside potential.
• Volume and turnover diverged in the late session, signaling potential consolidation.

Stargate Finance/Tether (STGUSDT) opened at 0.2072 on 2025-10-08 12:00 ET, reached a high of 0.2125, a low of 0.1971, and closed at 0.1971 on 2025-10-09 12:00 ET. The 24-hour notional volume was 36,800,537.80, and total turnover was approximately $7,276,102.80.

The price structure over the 24-hour period shows a significant bearish bias, particularly after 21:45 ET on 2025-10-08. A strong bearish engulfing pattern formed around 21:45 ET, followed by a long bearish candle at 22:00 ET that marked a sharp drop to 0.2106. This was followed by a continuation of selling pressure, especially after 00:00 ET on 2025-10-09, with the price falling to 0.1971 by 15:30 ET. Notable support levels include the 0.2041 (broken at 08:45 ET) and 0.1985 (broken at 15:45 ET), with the recent low of 0.1971 representing a new short-term support. Resistance levels include 0.2072 and 0.2089.

The 15-minute moving averages (20 and 50) for STGUSDT have been trending lower in recent hours, reflecting a strong bearish bias. As of the close at 0.1971, the 50-period MA was significantly below the 20-period MA, forming a bearish crossover. The 200-period MA on the daily chart also remains above the price, reinforcing a longer-term downtrend. The price has remained below all moving averages, suggesting that short-term traders may continue to favor bearish strategies unless a strong rebound occurs above 0.2072.

MACD has turned bearish, with the histogram declining and the MACD line crossing below the signal line. RSI has dropped below 30, indicating an oversold condition, but divergences between RSI and price suggest that the downtrend may continue despite oversold conditions. Bollinger Bands have widened considerably during the recent sell-off, with the price touching the lower band multiple times, reflecting high volatility.

Volume and turnover analysis reveal key divergences in the final hours of the 24-hour window. While volume increased during the initial sell-off, especially around 00:00 ET and 02:45 ET, turnover dipped sharply during the final 3–4 hours, indicating a potential waning of bearish momentum. This divergence may suggest a possible near-term consolidation or short-term reversal if buyers step in to defend the 0.1971 level. The largest single-volume candle occurred at 21:45 ET, where volume was 250,686.3, marking the start of a sustained bearish move.

Fibonacci retracement levels from the recent high of 0.2125 to the low of 0.1971 show that the price has tested 0.1986 (61.8%) and is currently near 0.1971 (78.6%). These levels, especially 0.1986, could serve as potential support/resistance zones in the near term. The next key Fibonacci level to watch is 0.1960 (100%).