Market Overview for Starknet/Tether (STRKUSDT)

• Starknet/Tether (STRKUSDT) fell to 0.1051 before staging a 2.7% recovery, closing at 0.1092 near the session high.
• Bullish momentum intensified in the last 6 hours, supported by increasing volume and RSI divergence above 60.
• Price rebounded from the 0.1050 psychological level, with Bollinger Bands tightening before the final 15-minute candle.
• Turnover reached $3.5M at the 16:00 ET peak, confirming the last-hour breakout.
• No strong bearish reversal patterns emerged, but volume declined in the final 30 minutes, suggesting caution.

Starknet/Tether (STRKUSDT) opened at 0.1088 on 2025-11-01 at 12:00 ET – 1 and closed at 0.1092 by 12:00 ET the same day, with a high of 0.1118 and a low of 0.1015. Total trading volume reached 7.1 million contracts, with notional turnover hitting $3.5M at peak hours. The pair staged a late rally after a prolonged bearish phase, showing signs of short-term reversal.

Structure & Formations

The price structure of STRKUSDT shows a clear bearish trend throughout the early hours, with key support at 0.1050 holding during the 03:30–05:30 ET time frame. A bullish reversal was triggered following a rejection at that level, marked by a long lower shadow on the candle that closed at 0.1051. A subsequent Bullish Engulfing formation emerged around 07:45 ET, consuming the prior bearish candle and signaling a potential trend change. Later, a strong 1.7% move to 0.1118 on high volume confirmed the resumption of short-term bullish momentum.

Moving Averages

On the 15-minute chart, the 20SMA crossed above the 50SMA between 06:00 and 07:00 ET, forming a golden cross. By 08:00 ET, the 50SMA had caught up with the price action, reinforcing the bullish bias. On the daily chart, the 50DMA and 100DMA are converging, with the 200DMA acting as a key long-term support at 0.1035. If the current rally continues, the 200DMA could turn into a dynamic floor, validating the bearish-to-bullish shift in sentiment.

MACD & RSI

The MACD crossed above the signal line at 07:45 ET, coinciding with the Bullish Engulfing pattern and confirming the momentum shift. RSI, which had been in oversold territory below 35 for most of the session, crossed into overbought territory above 60 by 10:00 ET, suggesting a potential short-term topping. However, the divergence between price and RSI (price rising while RSI flattened) during the final hour indicates caution—while bullish, the rally may not be sustainable without a breakout above 0.1118.

Bollinger Bands

Volatility expanded significantly between 07:45 and 10:45 ET, with the upper band reaching 0.1118 and the lower band dropping to 0.1032. The price closed near the upper band at 0.1092, indicating strength. A notable contraction occurred just before the 07:45 ET breakout, suggesting a period of consolidation and hinting at a breakout ahead. The current position above the middle band reinforces the bear-to-bull reversal narrative.

Volume & Turnover

Volume surged to a 24-hour high of 1.1 million contracts at 07:45 ET, coinciding with the key Bullish Engulfing pattern and the 0.1050 support rebound. Notional turnover peaked at $3.5M during that period, confirming the breakout’s legitimacy. A divergence appeared in the final hour, where volume dropped despite a 0.5% price rise—this may indicate short-term exhaustion or a potential consolidation phase. Investors should watch for volume confirmation on any near-term rallies.

Fibonacci Retracements

Applying Fibonacci retracements to the 07:45–10:45 ET swing (0.1050 to 0.1118), the 0.1092 close aligns with the 61.8% level, suggesting a strong short-term target. A retest of the 78.6% level at 0.1096 is a likely next step. On the daily chart, the 61.8% retracement of the recent bearish leg aligns with 0.1045, a level that could act as a pivot if the short-term rally fails to hold.

Backtest Hypothesis

A proposed backtest strategy involves identifying Bullish Engulfing patterns on the 15-minute chart and entering a long position with a 3-day hold period. Given the recent pattern at 07:45 ET and the subsequent price action, this approach would have captured the 2.7% rebound. A key assumption is that volume confirms the pattern and that RSI divergences are avoided to reduce false signals. Integrating this into a rules-based system could allow investors to systematically capture short-term rebounds in STRKUSDT while managing risk exposure through stop-loss and time-based exits.