Market Overview for Starknet/Tether (STRKUSDT) on 2025-09-19

• STRKUSDT declined 9.47% over 24 hours, closing at 0.1310 after a sharp selloff into support.
• RSI near oversold territory and declining MACD suggest exhaustion in downward momentum.
• Volatility expanded with widening Bollinger Bands, highlighting increased market uncertainty.
• A bullish engulfing pattern appeared near key support, potentially signaling a short-term reversal.
• Turnover surged 43% during the selloff, indicating heightened selling pressure late in the session.

Starknet/Tether (STRKUSDT) opened at 0.1402 on 2025-09-18 at 12:00 ET, reached a high of 0.1407, and closed at 0.1310 by 12:00 ET on 2025-09-19. The 24-hour period recorded a total volume of 182,469,369.09 and a notional turnover of $23,767,051.04. A sustained bearish bias emerged, driven by sharp intraday declines and elevated volume during the selloff.

Structure & Formations

STRKUSDT encountered key resistance near 0.1405–0.1407, where price failed to hold during the early hours of 09-18, triggering a breakdown. A bearish engulfing pattern appeared around 0.1380, confirming the continuation of downward pressure. Price found temporary support at 0.1310–0.1320, with a bullish doji forming near 0.1315, suggesting possible short-term stabilization. The 0.1370–0.1380 zone remains a critical area for near-term direction.

Moving Averages

On the 15-minute chart, the 20SMA and 50SMA crossed below key support levels, confirming the bearish trend. On the daily timeframe, the 50DMA has crossed below the 200DMA, reinforcing the bearish bias and aligning with intermediate-term distribution. Price remains well below both the 50DMA and 200DMA, indicating further downside could be in play.

MACD & RSI

The MACD histogram has contracted significantly as the bearish momentum appears to be exhausting. RSI has dipped into oversold territory, hovering near 28–30, suggesting a potential reversal. However, given the depth of the selloff and lack of immediate follow-through buying, caution is warranted. A sustained close above 0.1325 may bring RSI above 40, hinting at a potential pullback.

Bollinger Bands

Bollinger Bands have widened substantially due to the heightened volatility of the past 24 hours. Price has spent the final 6–8 hours of the 15-minute chart near the lower band, suggesting overextension. A retest of the upper band near 0.1325–0.1330 could offer a near-term target, but only if volume confirms the attempt.

Volume & Turnover

Volume spiked during the selloff from 0.1407 to 0.1310, particularly between 20:00–04:00 ET on 09-18, with turnover increasing alongside price declines. This confirms the bears were active in the move. Recent volume has declined, which could indicate a potential pause in selling pressure. A divergence between price and volume is not currently present, but needs monitoring.

Fibonacci Retracements

The most recent 15-minute swing from 0.1407 to 0.1310 corresponds to a Fibonacci 61.8% retracement at 0.1361–0.1365. Price is currently near the 38.2% retracement level at 0.1345–0.1348. A break above 0.1360 could target 0.1375–0.1380, aligning with prior support and the 50DMA. A retest of the 0.1310 level may offer a final bottom for the near term.

Backtest Hypothesis

Given the current structure and momentum profile, a potential short-term reversal strategy could be backtested by entering long positions on a break above 0.1325 with a stop-loss placed beneath the 0.1310–0.1315 support zone. The target would be aligned with the 38.2% Fibonacci retracement at 0.1345–0.1348. This entry would capitalize on the bearish exhaustion signaled by RSI and MACD, while aligning with key technical levels. A backtest across multiple cycles would help determine if this pattern is statistically valid.