Market Overview for Stargate Finance/Tether (STGUSDT)

Summary
• Price tested key support at 0.1076–0.1080 before rebounding with bullish momentum.
• Strong volume expansion seen during the 20:00–21:30 ET recovery phase.
• 24-hour RSI remains in neutral territory but suggests potential for near-term reversal.
• Bollinger Bands widened following the low, indicating renewed volatility.
• A bullish engulfing pattern formed at 0.1076–0.1084, signaling possible short-term reversal.

Market Overview

Stargate Finance/Tether (STGUSDT) opened at 0.1152 on 2025-12-18 at 12:00 ET, hit a high of 0.1154, a low of 0.1075, and closed at 0.1129 on 2025-12-19 at 12:00 ET. Total 24-hour volume was approximately 19,361,356.1, with a turnover of about $2,169,502 (volume × average price).

Structure & Formations

Price formed a bullish engulfing pattern near 0.1076–0.1084, suggesting a short-term reversal. A key support level at 0.1080–0.1076 was tested multiple times and held, while 0.1120–0.1130 appears as a potential resistance cluster. A doji near 0.1121 indicates indecision following a rebound.

Moving Averages

The 20- and 50-period 5-minute moving averages show a recent cross to the upside, confirming a short-term bullish bias. The 50-period daily MA is below current price levels, suggesting a potential continuation of the upward move.

Momentum and Volatility

Relative Strength Index (RSI) remained in the 50–60 range for most of the day, signaling neutral to mildly overbought conditions but no extreme overbought or oversold triggers. . Bollinger Bands expanded following the bounce from 0.1075, indicating increased volatility and potential continuation of the rally.

Volume and Turnover

Volume spiked during the 20:00–21:30 ET recovery phase, with a large candle forming between 0.1076–0.1098. Notional turnover aligned with the volume spike, indicating genuine buying interest. A divergence between price and volume was not observed, suggesting the rally is likely supported by active participation.

Fibonacci Retracements

A key 50% Fibonacci retracement level of the previous bear leg is near 0.1111, which price has cleared. The 61.8% level is at 0.1123, where price stalled for part of the day, indicating a potential pivot point.

The next 24 hours may see further consolidation around 0.1120–0.1130, with a possible test of the 0.1138–0.1140 range if bullish momentum continues. Traders should remain cautious of a potential pullback if volume fails to confirm higher prices.