Market Overview for Starknet/Tether (STRKUSDT): 24-Hour Technical Summary

Summary
• STRKUSDT consolidates between 0.0823 and 0.0844, with key resistance at 0.0842-0.0844 and support at 0.0826-0.0828.
• A bullish engulfing pattern forms near 0.0829-0.0831, suggesting potential short-term buying interest.
• RSI approaches overbought territory at 72, signaling caution despite a strong close near 0.0838.
• Volatility expands after 0.0835 retests, coinciding with volume surges over 1M STRK traded.
• Bollinger Bands narrow pre-09:00 ET, hinting at a possible breakout post-10:00 ET.

Market Overview

Starknet/Tether (STRKUSDT) opened at 0.0835 on 2026-01-09 at 12:00 ET, reaching a high of 0.0844 before settling at 0.0838 by 12:00 ET on 2026-01-10. The 24-hour period recorded a volume of approximately 17.7 million STRK and a notional turnover of $1.47 million.

Structure and Key Levels

Price action remains within a 0.0823–0.0844 range, with 0.0826–0.0828 acting as a strong support zone and 0.0842–0.0844 showing consolidation resistance. A bullish engulfing pattern formed after a breakdown attempt near 0.0829-0.0831, hinting at potential reversal.

Trend and Momentum

The 20-period and 50-period moving averages on the 5-minute chart are converging, indicating tightening trend direction. RSI climbed to 72 by 10:45 ET, approaching overbought territory, while MACD remained positive but with narrowing histogram, suggesting momentum fatigue.

Volatility and Bollinger Bands

Bollinger Bands contracted sharply between 08:00–09:45 ET, suggesting an imminent breakout, which coincided with a volume spike above 1M STRK traded and a price rebound near 0.0835. Price currently sits just below the upper band, indicating elevated volatility.

Volume and Turnover Divergence

Volume and turnover spiked after 02:00 ET and again between 09:00–10:00 ET, but failed to push price above 0.0843, suggesting temporary exhaustion. A divergence appears in the 5-minute chart as volume declines while RSI remains elevated.

Fibonacci and Retracements

The 61.8% Fibonacci level at 0.0837 is currently in play as a minor support/resistance, aligning with a key 5-minute swing retracement. A breakdown below 0.0829 would see price testing the 0.0826–0.0828 range, while a push above 0.0842 could trigger further momentum.

STRKUSDT appears to be consolidating into a short-term equilibrium, with both bullish and bearish setups possible. A break above 0.0842 may extend the rally, but traders should remain cautious of fading momentum. The next 24 hours may bring a directional choice, with risks rising if volatility spikes without clear follow-through volume.