Market Overview for Starknet/Tether (STRKUSDT) as of 2025-09-24

• STRKUSDT opened at $0.1206 and closed at $0.1228, reaching a 24-hour high of $0.1250 and a low of $0.1157.
• A sharp rebound emerged from a key support level near $0.1170, forming bullish candlestick patterns late in the session.
• Momentum accelerated into the final hours, with volume and turnover rising significantly around $0.1230.
• RSI entered overbought territory near 70, and Bollinger Bands showed a recent expansion, signaling increased volatility.
• A breakout above $0.124 may test the next resistance near $0.1250, while a retest of $0.1230 could confirm short-term stability.

Starknet/Tether (STRKUSDT) opened at $0.1206 on 2025-09-23 12:00 ET and closed at $0.1228 by 2025-09-24 12:00 ET, after reaching a high of $0.1250 and a low of $0.1157. Total volume for the 24-hour period stood at 12,733,363.38, with notional turnover amounting to $1,539,515.35.

Structure & Formations

STRKUSDT formed a strong bullish engulfing pattern after the price rebounded from support at $0.1170 late on 2025-09-23. A key resistance level appears to be forming at $0.1230–$0.1240, where the price consolidated for several hours before breaking out. A notable doji formed at $0.1187, indicating indecision at that level, while a morning star pattern emerged at $0.1175–$0.1190, suggesting potential for a reversal.

Moving Averages

On the 15-minute chart, price closed above both the 20- and 50-period moving averages, with the 50-period line showing a slow upward tilt, indicating bullish momentum. The 20-period MA crossed above the 50-period MA, forming a “bullish crossover.” On the daily chart, the 50-period MA is near $0.1215, while the 100- and 200-period lines sit lower, suggesting that the recent move is more of a short-term rebound than a sustained trend.

MACD & RSI

The MACD line crossed above the signal line in the afternoon hours, confirming a bullish divergence in momentum. RSI surged above 70 into overbought territory, peaking near 75 in the early evening, but has since retraced into neutral territory. This suggests a potential correction may be due unless the breakout above $0.1250 is confirmed with strong follow-through volume.

Bollinger Bands

Bollinger Bands expanded significantly as the price broke out from the $0.1170–$0.1230 range, indicating a rise in volatility. The price currently trades near the upper band at $0.124–$0.125, suggesting a period of strong directional bias. A retest of the lower band may occur if the momentum weakens, but the current setup favors a continuation to the upper boundary.

Volume & Turnover

Volume spiked near $0.1225 and $0.124, with the largest 15-minute turnover occurring at $0.1225, where the price closed at $0.1227 with a volume of 1.27 million. The notional turnover at that level was over $160,000, indicating strong participation. Price and volume moved in tandem during the breakout, suggesting the move is backed by conviction rather than a short-term spike.

Fibonacci Retracements

Applying Fibonacci to the major swing from $0.1157 to $0.1250, the price appears to be near the 61.8% retraction level around $0.1210–$0.1215. On the 15-minute chart, retracement levels at 38.2% and 61.8% have acted as dynamic support and resistance, with price finding rejection near $0.1208 earlier in the session.

Backtest Hypothesis

The backtesting strategy involves entering long positions on STRKUSDT when the 20-period moving average crosses above the 50-period MA on the 15-minute chart, confirmed by a bullish candlestick pattern and a MACD crossover. A stop-loss is placed below the 20-period MA, with a target at the next Fibonacci level (61.8%) and a trailing stop above key resistance. During the observed period, such conditions were met at 0.1175–0.1190 and again at 0.1205–0.1220, with subsequent price action supporting the validity of the strategy.