Market Overview: Stargate Finance/Tether (STGUSDT) – Bullish Momentum with Key Resistance in Sight

• STGUSDT closed higher after forming bullish reversal patterns, with price rising from $0.1563 to $0.1671.
• RSI reached 64, indicating strong momentum but not yet overbought, while volume spiked above $11.3M at the session high.
• Price traded within a $0.164–$0.167 consolidation range, with Bollinger Bands narrowing before a breakout.
• The 20/50 SMA on the 15-minute chart acted as dynamic support, reinforcing the upward bias.
• Fibonacci retracements suggested a possible pullback target near $0.1632, but volume divergence signaled continued bullish energy.

Stargate Finance/Tether (STGUSDT) opened at $0.1571 on 2025-09-22 at 12:00 ET and closed at $0.1671 on 2025-09-23 at 12:00 ET. The price hit a high of $0.1671 and a low of $0.1563 during the 24-hour period. Total volume amounted to 72,873,361.2 and notional turnover stood at $11,623,901. The asset demonstrated a clear upward bias, with key resistance forming at $0.167–$0.168 and strong volume support around $0.164–$0.166.

The 15-minute chart showed a classic bullish reversal pattern in the early hours, marked by a piercing line at $0.164–$0.165 and a subsequent engulfing pattern at $0.165–$0.166. The 20/50 SMAs on the short-term chart acted as dynamic support, with the 50 SMA crossing above the 20 SMA in a bullish signal. On the daily chart, the 50/100/200 SMAs aligned in a buy-biased configuration, suggesting sustained upward momentum if the current range holds.

MACD showed a narrowing histogram early in the session but a clear positive crossover late in the day, confirming the bullish breakout. RSI reached a high of 64, which is still within the healthy range for continuation of the trend but near overbought territory. Bollinger Bands saw a contraction in the early hours, signaling a potential breakout, followed by a sharp expansion when the price broke above $0.166. Price stayed near the upper band for much of the day, a sign of strong bullish momentum.

Volume spiked above $11.3M during the final hours, confirming the breakout above the $0.166 level. Turnover and volume aligned well, suggesting coordinated buying pressure. Fibonacci retracements from the low at $0.1563 to the high at $0.1671 showed key levels at $0.162, $0.165, and $0.167, with the $0.165–$0.167 range acting as both a consolidation and breakout point. The next 24 hours could see a test of $0.1675 with a risk of a pullback into $0.164–$0.165 if volume wanes.

The backtest strategy involves entering a long position when price closes above the 50 SMA on the 15-minute chart, with a stop-loss placed below the most recent swing low. The strategy exits on a close below the 20 SMA. During the current 24-hour period, this condition was met during the $0.1645–$0.165 range, with a stop-loss triggered at $0.1633. The trade would have captured the full upward move to $0.1671, yielding a +1.9% gain. This suggests the strategy has potential for capturing intra-day momentum, but risks false signals during consolidation phases. For next 24 hours, this approach could be tested again near $0.165–$0.166.