Stratis/Tether (STRAXUSDT) Market Overview for 2025-11-11

Summary
• Price surged from $0.02891 to $0.03725, closing at $0.03078.
• Volatility and volume spiked midday as the pair traded above $0.0310.
• RSI and MACD signaled strong momentum, suggesting potential overbought conditions.
• Key support levels appear at $0.02900 and $0.02890 based on consolidation.
• High volume in the $0.0310–$0.0330 range confirmed buying pressure.

Overview and Opening Data

Stratis/Tether (STRAXUSDT) opened at $0.02891 on 2025-11-10 at 12:00 ET and reached an intraday high of $0.03725 on 2025-11-11. The pair closed at $0.03078 at 12:00 ET the same day. Over the 24-hour period, the total volume amounted to 68,635,679 STRAX, with a notional turnover of $2,111,907 in USD terms.

Structure & Formations

Price formed a strong bullish breakout above $0.0310 during the morning hours, followed by consolidation and a pullback toward $0.0306–$0.0308 in the afternoon. A long lower shadow in the 15-minute candle at 03:30 ET suggested rejection of lower prices. A potential bearish engulfing pattern emerged at 05:15 ET, hinting at a possible reversal if not confirmed with follow-through.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages were both above the 24-hour low and below the close, indicating a positive trend in momentum. On the daily chart, the 50-day and 200-day moving averages were not directly relevant due to the time range but provided a broader context that the pair remains above its 200-day average, reinforcing bullish bias.

MACD & RSI

MACD crossed into positive territory in the early morning and remained elevated throughout the day, confirming a strong bullish trend. RSI reached levels of 70–75 during the peak, signaling potential overbought conditions. The divergence between RSI and price during the afternoon pullback suggests a possible exhaustion of the rally, though a confirmed break above $0.0315 could extend the upward move.

Bollinger Bands

Volatility expanded as the price moved higher, widening the Bollinger Bands. The price peaked just below the upper band at 08:00 ET, and remained near the upper band through 10:00 ET before retreating. A period of consolidation in the midday hours showed price trading between the upper and middle bands, indicating range-bound behavior with bearish pressure emerging after 14:00 ET.

Volume & Turnover

Volume surged sharply from 07:45 to 08:00 ET, peaking at over 37.8 million STRAX, as the price broke above $0.0310. Turnover also spiked during the same period, reaching a 24-hour high of $1.03 million. A divergence between volume and price was observed after 15:00 ET, as volume declined while price remained in a tight range, suggesting weakening conviction in the upward move.

Fibonacci Retracements

Applying Fibonacci levels to the recent 15-minute swing from $0.0289 to $0.03725, the 61.8% retraction level came in at approximately $0.0318, aligning with the afternoon consolidation. The price failed to hold above this level and retested the 50% retraction at $0.0331, where it found bearish pressure and reversed. On the daily chart, the 61.8% retraction of the broader move lies near $0.036, which may serve as a key resistance in the coming days.

Backtest Hypothesis

The MACD Golden-Cross strategy backtest indicates that the asset's recent momentum aligns with a classic trend-following approach, particularly during the morning hours when volume and price action were most active. The backtest utilized daily close prices and no risk-control rules, focusing purely on entry and exit based on MACD signals. Given the current MACD trend and recent price structure, this strategy could have captured a significant portion of the upward move. However, the divergence in RSI and weakening volume suggest that the strategy may face challenges in the near term unless the pair breaks above $0.0315 with strong follow-through.