Starknet/Tether (STRKUSDT) Market Overview: 24-Hour Analysis as of 2025-09-23 12:00 ET

• STRKUSDT opened at 0.1169, reached 0.1211, and closed at 0.1203 after a volatile 24-hour session.
• Price broke above key resistance at 0.1186 and tested 0.1200–0.1205 in the final hours.
• Volume spiked near 0.1193–0.1205, suggesting accumulation or distribution at key levels.
• RSI hit overbought territory, signaling potential near-term correction risk.
• Bollinger Bands expanded, confirming increased volatility toward the close.

Opening, Closing, and Volume Summary

Starknet/Tether (STRKUSDT) opened at 0.1169 on 2025-09-22 12:00 ET, reached a high of 0.1211, dipped to a low of 0.1153, and closed at 0.1203 as of 2025-09-23 12:00 ET. Total volume for the 24-hour period was 19,412,681.59, with a notional turnover of 2,335.76 USDT. The price action reflects a volatile, sideways-to-bullish trend driven by increased buying pressure in the last 12 hours.

Structure & Formations

Key support levels were identified at 0.1163 and 0.1153, with the latter acting as a strong short-term floor in the early session. Resistance levels were reinforced at 0.1186 and 0.1205, particularly during the 06:00–08:00 ET and 11:00–12:00 ET windows. Notable bullish patterns include a morning star at 0.1163–0.1175 and a bullish engulfing pattern at 0.1195–0.1205. A long-legged doji at 0.1195 suggested indecision but was followed by a strong close at 0.1203, hinting at renewed buyer dominance.

Volatility, Momentum, and Moving Averages

The 20- and 50-period moving averages on the 15-minute chart converged near 0.1184–0.1195, reinforcing a strong support cluster. Price traded above the 50-period MA for most of the session, especially after 04:00 ET. The 50/100/200 daily MA lines showed a slightly bullish bias, with price hovering near the 50-period line. MACD remained in positive territory with a narrowing histogram, indicating waning momentum but sustained bullish bias. RSI peaked near 72 in the final hour, signaling overbought conditions and a possible pullback.

Bollinger Bands and Fibonacci Retracements

Bollinger Bands expanded significantly during the final 4–6 hours, with price consistently trading near the upper band, suggesting heightened volatility and potential exhaustion. Fibonacci retracements applied to the 0.1153–0.1211 swing highlighted key levels at 0.1169 (38.2%), 0.1184 (50%), and 0.1195 (61.8%). Price held above the 50% level and tested the 61.8% level before closing near 0.1203, which is slightly above the 61.8% retracement.

Volume and Turnover Analysis

Volume surged near 0.1195–0.1205, particularly during the 10:00–12:00 ET window, with the largest single 15-minute volume at 1,944,632.39. Notional turnover also spiked during this window, reaching a high of 235.79 USDT. Volume and turnover aligned well with price strength above 0.1195 but diverged slightly at 0.1205, where volume failed to confirm a higher high. This could suggest early signs of distribution or caution in the rally.

Forward-Looking View and Risk Caveat

The 24-hour session saw STRKUSDT consolidate gains above 0.1195, with strong support at 0.1186 and 0.1163 likely to define the next 48-hour price action. If buyers hold above 0.1200, the next target could be the 0.1215–0.1220 range. However, a close below 0.1186 would suggest retesting of 0.1163, with a potential 5–7% pullback expected in that scenario. Investors should monitor the 50-period MA and RSI for signals of momentum shifts.

Backtest Hypothesis

Given the observed technical setup—price above key moving averages, overbought RSI, and a bullish engulfing pattern at 0.1195–0.1205—a potential backtest strategy could involve a long entry at 0.1198, stop-loss at 0.1186, and a take-profit at 0.1215. This strategy relies on the assumption that the 0.1195–0.1205 range acts as a continuation base rather than a topping formation. A trailing stop at 0.1190 after a 1.5% move could help lock in gains while allowing for further upside if volatility remains high. This approach mirrors a breakout/continuation bias supported by the volume and momentum readings over the 24-hour period.