Market Overview for Starknet/Tether (STRKUSDT) – 2025-09-16

• STRKUSDT opened at $0.1322 and closed at $0.1304 over 24 hours, with a high of $0.133 and a low of $0.1279.
• Price action shows a bearish bias, with a late-night breakdown below key support at $0.1300.
• Momentum indicators suggest weakening buying pressure, with RSI entering oversold territory.
• Volume and turnover confirm downward pressure, with a late-night surge in selling activity.
• Bollinger Bands show moderate volatility, with price closing near the lower band.

Starknet/Tether (STRKUSDT) opened at $0.1322 on 2025-09-15 12:00 ET and closed at $0.1304 on 2025-09-16 12:00 ET. The 24-hour high reached $0.133, and the low dropped to $0.1279. Total trading volume was 100,138,460.99, and total turnover (volume × price) was approximately $12,825,236.

1. Structure & Formations

The 24-hour chart reveals a bearish consolidation pattern, with the price failing to hold above the $0.1322 level after an earlier attempt to rally. A key support level was identified around $0.1300, which was tested and briefly broken in the early hours of 2025-09-16. A bearish engulfing pattern is visible during the 15-minute candle on 2025-09-15 18:00 ET–18:15 ET, confirming the downtrend. A doji forms at the end of the session (06:00 ET) near $0.1304, indicating indecision and potential reversal signs if buyers step in.

Key Support and Resistance Levels

• Resistance 1: $0.1309
• Resistance 2: $0.1319
• Support 1: $0.1300
• Support 2: $0.1286

2. Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages show a bearish crossover in the evening of 2025-09-15, reinforcing the downtrend. On the daily chart, the 50-period MA is below the 200-period MA, indicating a longer-term bearish setup.

3. MACD and RSI

MACD lines indicate weakening momentum, with bearish divergences forming in the late-night hours. The RSI entered oversold territory below 30 after the price dropped to $0.1286, signaling a potential bounce or a continuation of the downtrend if bear sentiment persists.

4. Bollinger Bands

Volatility remained moderate throughout the day, with the Bollinger Bands narrowing slightly before expanding in the early morning. The price closed near the lower band ($0.1304), suggesting oversold conditions and a potential rebound or further test of support.

5. Volume and Turnover

Trading volume increased in the early hours of 2025-09-16, particularly around the $0.1300 support level, indicating intensified selling pressure. Notional turnover rose in line with the price decline, suggesting conviction in the bearish move. A divergence between the price and volume was not observed, indicating confirmation of the trend.

6. Fibonacci Retracements

Applying Fibonacci retracement levels to the 15-minute swing from $0.133 to $0.1286, the key levels are:
- 38.2% retracement: $0.1311
- 61.8% retracement: $0.1297

Price action stalled near the 38.2% level before breaking down further. On the daily chart, the 61.8% retracement level appears at $0.1286, which has already acted as a pivot point.

7. Backtest Hypothesis

The backtesting strategy in question leverages a combination of MACD and RSI to time entries and exits. Specifically, a short signal is triggered when the RSI dips below 30 (oversold) while the MACD histogram is negative and contracting, suggesting bearish momentum. A stop-loss is placed above the 20-period moving average, and a take-profit target is set at the nearest Fibonacci retracement level (e.g., 50% or 61.8%). Over the last 24 hours, such a setup would have captured the bearish move from $0.133 to $0.1286, with tight risk management and a favorable risk-to-reward ratio. Given the current position near oversold levels and the potential for a bounce or continuation, this strategy could be worth applying going forward.