Market Overview for Stargate Finance/Tether (STGUSDT) – 2025-11-05

• Price rallied 10.1% from $0.12 to $0.1262 on strong late-buying bias.
• RSI hit overbought territory, but momentum remains intact.
• Volume spiked during key breakouts, confirming bullish action.
• 15-min Bollinger Bands show tightening volatility before breakout.
• Key support at $0.1164 holds, Fibonacci retracement at $0.1229 critical.

Stargate Finance/Tether (STGUSDT) opened at $0.12, hit a high of $0.1264, and closed at $0.1258 at 12:00 ET on 2025-11-05. The 24-hour volume was 21,703,547.1 with $2,725,252.92 in turnover. Price action revealed a strong bullish bias after a key breakout above $0.124.

Structure & Formations

Price formed a bullish flag pattern following a sharp break above the $0.124 resistance level. A significant bullish engulfing candle at $0.125–$0.126 confirmed the shift in sentiment. Key support levels appear at $0.1229 (38.2% Fib), $0.1181 (61.8%), and $0.1164 (daily pivot). No bearish patterns were evident during the session.

Moving Averages

On the 15-min chart, the 20-period and 50-period SMAs crossed above the price in the last four hours, signaling a bullish crossover. On the daily timeframe, the 50-period SMA is at $0.1189, while the 100-period and 200-period SMAs are at $0.1162 and $0.1147, respectively, indicating a broader trend of accumulation.

MACD & RSI

The MACD crossed above zero at $0.00021 and remains in positive territory, with a rising histogram. RSI surged to 68–72 during the rally, reaching near overbought levels (70+). While caution is warranted, the RSI divergence has not yet shown bearish signals, and momentum appears to remain intact.

Bollinger Bands

Bollinger Bands on the 15-min chart constricted between $0.1235 and $0.1255 for four hours before the breakout. Price closed near the upper band at $0.1262, suggesting strong short-term volatility and bullish conviction. The widening of bands in the final hours confirms rising volatility and buying pressure.

Volume & Turnover

Volume increased sharply during the breakout, with a peak of 1.148 million contracts at $0.1262. Notional turnover also surged to $143,691.70 at that level, aligning with price movement. No notable divergence between volume and price was observed, supporting the validity of the bullish trend.

Fibonacci Retracements

The most recent 15-min swing from $0.1164 to $0.1264 has critical retracement levels at $0.1229 (38.2%) and $0.1203 (50%). Price tested the 38.2% level at $0.1229 and bounced back up, suggesting continued bullish bias. On the daily chart, the 61.8% Fib level at $0.1181 appears to be strong support.

Backtest Hypothesis

The technical indicators used in this analysis—MACD, RSI, and Fibonacci retracements—are also core to algorithmic trading strategies that could be backtested. For instance, if the MACD had signaled a Golden Cross on the 50-period and 200-period SMAs over the past year, a buy-and-hold strategy with a 5-day exit could have been evaluated for performance. However, due to an issue with data retrieval for the “HOLD.P – Harbor Alpha Layering ETF” ticker, the process requires clarification or a data fix. To proceed effectively, you may:

A. Verify the correct ticker without the “.P” suffix, or
B. Choose a comparable high-liquidity ETF like SPY, or
C. Provide a custom price file (CSV or JSON) for direct MACD signal generation.

Once a valid dataset is secured, the MACD Golden Cross events between 2022-01-01 and today can be extracted and tested using a 5-day holding rule. Performance metrics like win rate, average return, and maximum drawdown will be calculated, with interactive charts to visualize the results.