Market Overview for Starknet/Tether (STRKUSDT) – November 6, 2025

• STRKUSDT opened at $0.1092, peaked at $0.1114, and closed at $0.1016 after a 24-hour decline.
• Volatility expanded into the early hours of the morning, with a sharp drop below key support levels.
• Total volume reached 30.22 million, but notional turnover declined with the falling price.

The 24-hour session for STRKUSDT began at $0.1092 and reached a high of $0.1114, before retreating to a low of $0.1002 and closing at $0.1016 as of 12:00 ET. Total volume for the period reached 30.22 million contracts, though declining prices limited notional turnover. A broad selloff occurred in the late evening and early morning hours, breaking below key support at $0.108 and accelerating downward toward $0.102.

Structure & Formations

Price formed a bearish engulfing pattern at the session peak, confirming a shift in sentiment. A long lower wick appeared at $0.1038, suggesting failed attempts to stabilize the price. The session’s closing candle at $0.1016 aligns with a recent Fibonacci 61.8% level of the preceding bullish swing, indicating a likely consolidation or reversal setup.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages converged at $0.109–$0.110, but the price has since moved decisively below both. On the daily chart, the 50-period MA is at $0.108, with the 200-period at $0.105. This suggests bearish momentum for the near term.

MACD & RSI

The RSI hit oversold territory, falling below 30 and remaining there through the close. The MACD histogram showed a bearish divergence with a shrinking negative bar as the price continued lower, indicating weakening short-term bearish pressure. Momentum appears to be slowing, but the RSI remains at a level that could invite some short-covering or consolidation.

Bollinger Bands

The price spent much of the session near the lower band of a widening Bollinger setup, signaling high volatility. A contraction phase was evident in the late morning, but the expansion resumed sharply as the price broke lower.

Backtest Hypothesis

Given the current RSI readings, a potential backtest strategy could be to enter long positions when RSI rises back above 50 after a confirmed oversold bounce. A 20-period and 50-period moving average crossover could provide additional confirmation. For exit rules, a sell signal could be triggered when RSI exceeds 70 or after a fixed holding period of five trading days. Daily close prices would be used for entry and exit decisions.

Volume & Turnover

Volume spiked late in the evening, with the largest 15-minute candle occurring at 14:45 ET, where turnover exceeded $1.73 million. However, as the price fell further, volume began to taper off, suggesting a lack of conviction among short sellers. A divergence between rising price and declining volume in the last hour may indicate exhaustion in the bearish move.

Fibonacci Retracements

Key Fibonacci levels from the recent swing high at $0.1114 include 61.8% at $0.1038, 78.6% at $0.1012, and the 88.6% level near $0.1005. The current close of $0.1016 aligns with the 78.6% level, indicating a potential pivot or consolidation zone.

The price action suggests a potential bounce from the 78.6% Fibonacci level, but bearish momentum remains intact. Over the next 24 hours, a test of the 61.8% level at $0.1038 could trigger a short-term rally. However, a sustained break below $0.1005 would reinforce bearish bias and open the door for further declines. Investors should monitor volume patterns and RSI behavior for early signs of trend reversal or continuation.