Market Overview: Stratis/Tether (STRAXUSDT) on 2025-12-29

Summary
• Price tested 0.0247-0.0269 resistance, with a failed breakout confirming 0.0254 as key near-term peak.
• Volume surged in the late afternoon, suggesting strong participation during 0.0241–0.0263 consolidation.
• RSI and MACD show weakening momentum, with RSI dipping below 50 and MACD trending lower.
• Price remains within 20-period Bollinger Bands, signaling controlled volatility.
• Turnover diverged from price in early morning, hinting at potential order-book imbalances.

The 24-hour session for STRAXUSDT opened at 0.02174 (12:00 ET − 1), reached a high of 0.02729, a low of 0.01951, and closed at 0.02174 (12:00 ET). Total volume traded was 184,679,304.0 units, with notional turnover of 4,591,694.16 USD.

Structure & Formations

Price action revealed a key 5-minute bearish engulfing pattern at 0.02729, which signaled a potential reversal from the midday high. Support at 0.0241 and 0.02174 appears to have held during pullbacks, with the 0.0244–0.0249 range forming as a short-term equilibrium zone. A doji emerged during the 17:00–17:15 ET window, indicating indecision near the 0.0241–0.0246 range.

Technical Indicators

The 20-period and 50-period moving averages on the 5-minute chart converged around 0.0238–0.0240, suggesting a temporary consolidation phase. RSI, after peaking at 65, has fallen below 50, indicating weakening bullish momentum. MACD crossed into negative territory, with a bearish divergence forming between the histogram and price. Volatility, as measured by Bollinger Bands, expanded during the afternoon surge to 0.0269 but has since contracted, hinting at a potential pause.

Volume and Turnover

Volume and turnover spiked during the 14:30–16:45 ET window, as price moved from 0.0236 to 0.0269. However, despite the 16% increase in turnover, price closed near the session lows, suggesting possible short-term profit-taking or order-book exhaustion. Notably, turnover dropped sharply after 17:00 ET, even as price found support at 0.0241, indicating a potential divergence that could precede a reversal.

Implications and Outlook

With key support at 0.0241 holding, the market may test this level again in the near term. A break below could see further consolidation toward 0.0214–0.0218. However, the strong volume and momentum during the late afternoon rally indicate that 0.0244–0.0249 could become a critical pivot zone. Investors should remain cautious as divergence in price and turnover suggests underlying uncertainty, and a breakdown of 0.0241 could signal renewed bearish pressure.