Market Overview for Stratis/Tether (STRAXUSDT)

Summary
• Price fell from 0.02295 to 0.02166, forming bearish momentum and key support at 0.02165–0.0217.
• RSI dropped into oversold territory, suggesting potential near-term rebound, though bearish volume confirmation remains.
• Bollinger Band contraction occurred during consolidation, with low volatility before sharp 5% drop.
• Volume surged during the 01:00–03:00 ET selloff, while turnover spiked below average during recovery.

Stratis/Tether (STRAXUSDT) opened at 0.02293 on 2026-01-11 12:00 ET, with a high of 0.02295, low of 0.02136, and closed at 0.02166 on 2026-01-12 12:00 ET. Total volume reached 11,520,178.0 over 24 hours, with turnover of 248,445.14 USD.

Structure & Formations

Price formed a bearish broadening pattern over the 24-hour period, with key resistance at 0.0228–0.0229 and support at 0.02165–0.0217. A long bearish candle at 03:00–04:00 ET confirmed the breakdown.

Moving Averages

On the 5-minute chart, the 20-period and 50-period SMAs crossed downward after 01:00 ET, confirming bearish momentum. Daily 50/100/200 SMAs remained aligned lower, reinforcing the downtrend.

MACD & RSI

The MACD crossed below the signal line during the sell-off phase, with bearish divergence. RSI collapsed into oversold territory (<30), hinting at potential short-term bounce.

Bollinger Bands

Bands contracted during the early consolidation phase, followed by a sharp expansion after 01:00 ET. Price remained below the 2σ level for most of the session.

Volume & Turnover

Volumes surged during the selloff phase (01:00–04:00 ET), but turnover remained muted, indicating lower conviction in the move. A divergence between volume and price was observed during the late recovery phase.

Fibonacci Retracements

On the 5-minute chart, the price stalled near the 61.8% level of the 0.02136–0.02283 rally, reinforcing the bearish bias. Daily 38.2% retests of 0.0218–0.0219 offered limited support.

The market appears to have exhausted its short-term bearish momentum with RSI in oversold territory. A rebound toward 0.0218–0.0220 could occur, but bears may reclaim control if key support levels are broken. Investors should monitor volume during any recovery attempt, as it may signal conviction.