Market Overview: Starknet/Tether (STRKUSDT) - 24-Hour Analysis

• Price declined from 0.1333 to 0.1296 over 24 hours amid bearish momentum.
• RSI and MACD suggest oversold conditions, indicating potential for a short-term rebound.
• Volatility expanded in the first half of the day, with Bollinger Bands widening and price testing lower boundaries.
• Volume surged during the 19:45–20:30 ET range, coinciding with key support levels.
• A bullish engulfing pattern emerged near 0.1296, hinting at short-term support holding.

Starknet/Tether (STRKUSDT) opened at 0.1324 on 2025-09-20 at 12:00 ET and closed at 0.1296 at 12:00 ET on 2025-09-21. The price reached a high of 0.1333 and a low of 0.1296, with total volume of 11,948,914.74 and a turnover of approximately $1,583,128.03. The pair has shown a bearish bias, with a clear breakdown from key resistance levels.

Structure & Formations

The 15-minute chart highlights multiple key support levels forming around 0.1303, 0.1296, and 0.1301, with the latter appearing to hold as a short-term floor. A bearish breakdown occurred in the early hours of 2025-09-21, followed by a consolidation phase as the pair tested lower boundaries. A bullish engulfing pattern emerged at 0.1296 during the 23:45–00:00 ET hour, potentially signaling a short-term reversal if this level holds. A doji formed around 0.1303 at 04:15 ET, suggesting indecision in the market.

Moving Averages

On the 15-minute timeframe, the 20-period and 50-period moving averages are both in a bearish crossover, with the 50-period MA below the 20-period MA and price below both. This indicates a continuation of the downtrend. On the daily chart, the 50/100/200-day MA is also bearish, with all three in a descending order, reinforcing the long-term bearish bias.

MACD & RSI

The MACD on the 15-minute chart is negative with a bearish crossover, indicating sustained selling pressure. RSI has dipped into the oversold territory (below 30) at several points, especially during the 22:45–00:15 ET window, suggesting a possible short-term rebound from key support levels. However, RSI is still in the lower half, pointing to a cautious outlook.

Bollinger Bands

Bollinger Bands expanded significantly during the early part of the session, with price breaking below the lower band around 0.1296. Price has since been oscillating within the bands, but the lower band remains at 0.1293–0.1296, suggesting that volatility has stabilized slightly. A retest of the lower band could trigger a bounce if buyers step in.

Volume & Turnover

Volume spiked during the 19:45–20:30 ET window, with a 15-minute candle at 19:45 ET showing over 206k volume and a turnover of nearly $27.8k. This aligns with a key support level at 0.1303–0.1306, where the market absorbed selling pressure. However, after 02:00 ET, volume decreased, indicating a potential exhaustion of bearish momentum.

Fibonacci Retracements

Applying Fibonacci retracements to the recent 15-minute swing from 0.1333 to 0.1296, key levels at 0.1316 (38.2%) and 0.1307 (61.8%) were tested multiple times. The 61.8% level at 0.1307 held as a minor floor during the 19:45–20:15 ET window. A break below 0.1296 could target the next level at 0.1289.

Backtest Hypothesis

A potential backtesting strategy could involve entering a long position at the 61.8% Fibonacci retracement level (0.1307) with a stop loss below the 0.1296 swing low. A take-profit target could be set at 0.1316 (38.2% level) or 0.1321 (previous high). This approach would capitalize on a bounce from oversold RSI readings and a bullish engulfing pattern. Given the bearish MA and MACD, the strategy should also include a short bias on a close below 0.1296, with a target at 0.1289.