Market Overview for Stargate Finance/Tether (STGUSDT) – 2025-11-12

• Price dipped from 0.1418 to 0.136 after midday ET, forming a bearish trend.
• RSI hit oversold territory below 30, hinting at potential short-term bounce.
• Volume surged after 19:00 ET, but price failed to retest key resistance at 0.14.
• Bollinger Bands showed expansion, indicating increased volatility.
• A bullish engulfing pattern emerged at the end of the session, hinting at possible reversal.

Stargate Finance/Tether (STGUSDT) opened at 0.1412 on 2025-11-11 at 12:00 ET, reached a high of 0.1418, and fell to a low of 0.136 before closing at 0.1406 on 2025-11-12 at 12:00 ET. Total 24-hour volume was 21,193,898.6 with a turnover of ~$2.97 million. Price activity showed a bearish bias for most of the session but ended with a potential reversal signal.

Structure & Formations

The pair formed a bearish trend line from 0.1418, breaking below 0.14 and testing 0.136 before showing a slight recovery. A notable bullish engulfing pattern emerged in the final candle of the session, closing at 0.1406 and opening at 0.1402. This pattern suggests a possible reversal, especially if supported by increasing volume and RSI movement.

Moving Averages

On the 15-minute chart, the 20-period MA is below the 50-period MA, showing a bearish trend. For daily data, the 50-period MA is above the 100-period and 200-period MAs, indicating medium-term bullish momentum. Price closed above the 20-period MA on the 15-minute chart, showing possible short-term strength.

MACD & RSI

The RSI dipped to 29, signaling oversold conditions and a potential near-term rebound. The MACD line is below the signal line, indicating bearish momentum, but the divergence between RSI and price may hint at a reversal in the near future.

Bollinger Bands

Bollinger Bands showed a widening trend, reflecting increased volatility. Price closed near the upper band on the 15-minute chart in the final hours, indicating strong short-term buying interest. However, the failure to hold above 0.14 suggests caution for further upside.

Volume & Turnover

Volume spiked significantly after 19:00 ET, aligning with a sharp decline from 0.14 to 0.136. Turnover increased by 200% during this window, indicating heightened interest. However, the volume did not confirm the bearish move beyond 0.136, as the price failed to close below that level.

Fibonacci Retracements

Applying Fibonacci to the 0.1418–0.136 swing shows 61.8% retracement at 0.1393, where the price found temporary support. The 38.2% level is at 0.1403, aligning with the final candle’s close. This suggests that 0.1403 could serve as a key psychological level for near-term activity.

Backtest Hypothesis

The backtesting strategy tested the idea of buying on a breakout of the prior 30-day high and holding for up to 30 days. While the data showed 24 such events since 2022, the median cumulative return remained negative for most of the first 20 days, with no significant edge emerging before day 20. The results indicate that this strategy does not reliably capture upside momentum in the short to medium term and lacks statistical significance. Investors should exercise caution when relying on such signals for immediate entry.