Market Overview for Space and Time/Tether (SXTUSDT) on 2025-12-11

Summary
• SXTUSDT dropped from $0.0301 to $0.0268 over 24 hours, forming bearish candlestick patterns and breaking key support.
• Volume surged during the sharp decline, confirming bearish momentum with no immediate reversal signs.
• RSI and MACD show strong bearish divergence, with price near 2.5% below the 20-period moving average.

The pair opened at $0.0291 (12:00 ET – 1), reached a high of $0.0302, and closed at $0.0268 by 12:00 ET. Total volume was 9,318,641.9, with turnover estimated at $254,606.49.

Structure & Formations

Price broke below the $0.0290 support level and formed a bearish engulfing pattern around $0.0291. A long bearish candle at $0.0275–$0.0271 confirmed the breakdown. A potential short-term support appears at $0.0268, but a break below this may target $0.0265.

Moving Averages

On the 5-minute chart, the price closed below the 20-period moving average (~$0.0273) and has been below the 50-period (~$0.0275) for the last four hours. Daily 50, 100, and 200-period averages also remain bearish, with the 200-period at ~$0.0282 acting as a key psychological level to watch.

MACD & RSI

MACD turned negative in the late session, with bearish divergence forming below the zero line. RSI has moved into oversold territory (~32), though this lacks reversal confirmation. A rebound without a strong MACD crossover may signal continued downward drift.

Bollinger Bands

Price broke out of a tight Bollinger Band consolidation around $0.0280–$0.0290, expanding to a 3.5% range. Currently, SXTUSDT sits near the lower band (~$0.0267), indicating continued volatility and potential for a bounce or extension lower.

Volume & Turnover

Volume spiked sharply during the $0.0296–$0.0268 drop, with the largest hourly turnover occurring at $0.0275–$0.0271. This confirms the bearish move. Price and volume are aligned, with no divergence detected.

Fibonacci Retracements

The key 61.8% Fibonacci level on the 5-minute swing (~$0.0273) failed to hold, suggesting a deeper pullback. On the daily chart, the 38.2% level at $0.0278 appears as immediate resistance, with $0.0286 marking the 50% retracement.

Price appears to be in a medium-term bearish phase with strong confirmation from both volume and momentum. While a short-term rebound is possible, a break below $0.0268 could trigger further selling. Investors should remain cautious and consider setting stop-loss levels near $0.0275 in case of a counter-trend rally.