Stargate Finance/Tether USDt Market Overview

• Price declined from 0.1749 to 0.1727 over 24 hours, forming bearish momentum.
• RSI and MACD indicate oversold conditions, suggesting potential reversal.
• Volatility dipped during midday before spiking during the afternoon sell-off.
• Bollinger Bands show contraction early, followed by a sharp expansion.
• Volume remains uneven, with large sell blocks late in the day.

Stargate Finance/Tether USDt (STGUSDT) opened at 0.1749 on 2025-09-10 at 12:00 ET, reached a high of 0.1755, and closed at 0.1727 on 2025-09-11 at 12:00 ET. The total trading volume over 24 hours was 9,521,920.6 with a turnover of approximately USD 1,650,543. The pair displayed a clear bearish bias in price action, driven by a sharp selloff in the afternoon and evening hours.

Structure & Formations

The price action for STGUSDT over the last 24 hours shows a strong bearish bias, particularly from 19:30 ET onward, when the price broke below key support levels. The candlestick formations observed include a long lower shadow in the 193000 candle, signaling rejection of higher levels, and a large bearish engulfing pattern at the end of the sell-off phase. The price is now consolidating slightly above the 0.1725 level, which may serve as a short-term support. A breakout below this level could extend the correction.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are in a bearish crossover, confirming the downward momentum. The 200-period moving average on the daily chart sits above the current price, suggesting a longer-term bearish bias. The 50-period MA on the daily chart appears to be approaching the 0.1730 level, which could offer a key resistance zone in the near term.

MACD & RSI

The MACD line has moved into negative territory and remains below the signal line, indicating a bearish momentum phase. The RSI indicator dipped into oversold territory (below 30) during the selloff, suggesting a potential reversal could be on the horizon. However, the RSI is showing signs of divergence from the price action, with price continuing to drop while the RSI has not yet formed a valid bullish divergence pattern. This suggests caution before entering long positions.

Bollinger Bands

The Bollinger Bands show a period of contraction in the early morning hours before a sharp expansion following the sell-off. The price now rests near the lower band, confirming increased volatility and bearish sentiment. A move outside of the lower band may indicate a deepening correction, while a pullback toward the midline or upper band could signal a short-term bounce.

Volume & Turnover

Trading volume was relatively low during the morning session but spiked dramatically in the afternoon, coinciding with the sharp selloff. The largest single candle by volume was the 233000 candle, which recorded 206,535.5 units traded. This suggests increased selling pressure during that period. Notional turnover followed a similar pattern, with the largest turnover spikes matching the most bearish price action.

Fibonacci Retracements

Applying Fibonacci retracements to the recent 15-minute swing from 0.1755 to 0.1727, key levels of interest include 0.1741 (38.2%), 0.1736 (50%), and 0.1730 (61.8%). The 0.1730 level is particularly important as it aligns with both a Fibonacci level and a key moving average, making it a high-probability zone for potential support. A breakdown below this level would likely test the next key support at 0.1725.

Backtest Hypothesis

Based on the recent price action and indicator alignment, a potential backtesting strategy could focus on a combination of RSI divergence and key Fibonacci levels. A long entry might be triggered when RSI exits oversold territory while price stabilizes near the 61.8% Fibonacci level. Stop-loss placement could be set below the 0.1725 level to manage downside risk, with a target near the 50% retracement of the recent swing. This setup would align with a possible reversal after a bearish exhaustion move, but traders should remain cautious of a continuation of the downward trend if key support levels are decisively broken.