Market Overview for Space and Time/Tether (SXTUSDT)

• Price opened at $0.069, hit a high of $0.072, and closed at $0.0661 with a significant downward drift.
• Volatility expanded in the afternoon before stabilizing after 08:00 ET, indicating mixed momentum.
• RSI dipped below 30 twice, suggesting oversold conditions, but price failed to recover above 0.071.
• Volume surged during key breakdowns below 0.0705 and again below 0.067, confirming bearish sentiment.

Space and Time/Tether (SXTUSDT) opened at $0.069 on 2025-10-13 at 12:00 ET and closed at $0.0661 by 12:00 ET on 2025-10-14. The 24-hour range was $0.0633 to $0.072. Total volume reached 10,491,664.3, while turnover hit $709,299.55. The price trended lower for most of the session, with bearish momentum intensifying after 08:00 ET.

Structure & Formations

The price action shows a bearish breakdown from key resistance at $0.071 to $0.068, forming a descending pattern. A large bearish engulfing candle appeared at $0.0716 to $0.0705, signaling bearish control. A long lower shadow at $0.0675–$0.0679 indicated rejection at a potential support zone. A doji near $0.0657–$0.0658 suggests indecision and potential short-term consolidation.

Moving Averages

On the 15-minute chart, the price closed below the 20SMA and 50SMA, indicating bearish bias. The daily chart shows the 50DMA and 100DMA converging near $0.0715, with the 200DMA anchoring near $0.0705—suggesting a possible support floor ahead. If the price dips below $0.068, it may confirm a medium-term bearish shift.

MACD & RSI

The RSI reached oversold levels twice, dipping below 30 during early and late ET hours, but failed to generate a meaningful rebound. The MACD line remained negative throughout, with bearish divergence forming as price hit new lows while momentum slowed. This suggests the bearish trend may persist unless a sharp rebound occurs above $0.070.

Backtest Hypothesis

To test the strength of the oversold bounce, a potential strategy could involve entering long positions when RSI falls below 30 and exiting when it rebounds above 50 or after 10 calendar days—whichever comes first. This aligns with the two bearish RSI dips observed today, offering a testable framework for the next 24 hours. If the price fails to respond to the next oversold signal, the strategy may need reevaluation.

Bollinger Bands

Bollinger Bands reflected increasing volatility as the price drifted lower, with the band width expanding after 16:00 ET. Price remained below the 20-period lower band for several hours, confirming bearish pressure. A potential reversal could materialize if the price closes above the upper band, but this appears unlikely in the near term.

Volume & Turnover

Notable volume spikes occurred during the breakdown below $0.0705 and $0.067, confirming bearish sentiment. Turnover also increased during these moves, showing aggressive selling pressure. However, volume has declined in recent hours, indicating a potential short-term pause in the downward trend. A divergence between price and volume may hint at a near-term bottoming process.

Fibonacci Retracements

Applying Fibonacci to the 0.069–0.072 swing, key retracement levels at 0.0706 (38.2%) and 0.0699 (50%) were tested, with the price failing to hold at both. On the daily chart, the 0.0661–0.072 move shows 61.8% at 0.0678, a level that has held briefly but now shows signs of breakdown. Further support is expected at 0.0652–0.0656.

Forward-Looking View and Risk

The next 24 hours may see continued bearish momentum, particularly if the price remains below $0.068. A strong rebound above $0.0695 could signal short-term consolidation, but the broader trend remains bearish. Investors should monitor RSI for any signs of reversal and watch volume closely for confirmation of a potential bounce. As always, market volatility remains a key risk.