Starknet/Tether (STRKUSDT) Market Overview: 2025-10-03

• STRK/USDT traded lower over 24 hours with a 2.8% decline from 0.1539 to 0.1470.
• Momentum weakened with RSI near oversold territory and shrinking volume.
• Price tested a key support level at 0.1450 before bouncing slightly.
• Volatility expanded in the morning before stabilizing in the afternoon.
• A bearish engulfing pattern formed during the early morning dip.

Starknet/Tether (STRKUSDT) opened at 0.1539 on 2025-10-02 at 12:00 ET, reached a high of 0.1566, and a low of 0.1439 before closing at 0.1470 on 2025-10-03 at 12:00 ET. The 24-hour volume totaled ~15.3 million USDT with a turnover of approximately $2.35 million, reflecting moderate liquidity but uneven participation across the session.

The price action showed a distinct bearish bias, with the asset breaking below a prior support level at 0.1480 and finding a temporary floor at 0.1450. This was confirmed by a bearish engulfing candle and a doji at 0.1450 in the early morning. On the 20-period EMA, the price moved significantly below the moving average, reinforcing the downward drift. The 50-period EMA remained above the price, suggesting bearish momentum is likely to persist unless buyers emerge above 0.1490.

Volatility widened between 00:00 and 03:00 ET as the price dropped nearly 2.5%, with volume spiking during that period. A divergence between volume and price was noted later in the session, as volume declined while the price continued to test lower levels. The RSI approached 30, indicating potential oversold conditions, though this may not be enough to trigger a reversal without a strong bullish catalyst. Bollinger Bands reflected expansion during the early morning sell-off, with price closing near the lower band, signaling high volatility.

The 0.1450 level acted as a significant short-term support, which was also a 61.8% Fibonacci retracement level from the earlier bullish move. A pullback to 0.1465–0.1470 appears to have been met with some buying interest, but the near-term bias remains bearish unless a strong breakout above 0.1500 is confirmed. Traders may watch for a rebound from the 0.1450 level or a rejection at 0.1430 for further directional cues.

The RSI and MACD both showed bearish signals during the session, with the MACD line crossing below the signal line and the histogram shrinking during the price consolidation phase. This suggests momentum has weakened, and a potential continuation of the downward trend is probable in the near term. The volume profile also indicated a lack of conviction from large participants, especially during the late morning to early afternoon.

Backtest Hypothesis
A potential short-term trading hypothesis involves entering long positions on STRKUSDT when the price closes above the 61.8% Fibonacci level at 0.1465 and remains above the 20-period EMA, with a stop-loss placed below the recent low at 0.1450. If the RSI crosses above 40 while the price is above the 20 EMA, this would act as confirmation. A target exit could be placed at 0.1490–0.1500, aligning with key resistance levels and the 50 EMA. A backtest of this strategy over the last 30 days would provide insight into the win rate and average return per trade, helping validate the hypothesis before live execution.