Market Overview for Stacks/Tether (STXUSDT) – 24-Hour Analysis (2025-10-14)

• STX/USDT traded in a 0.442–0.494 range with a 0.4545 close, down 8.04% from the prior day’s open.
• Key support at 0.442–0.446 and resistance at 0.489–0.492 identified, with mixed candlestick signals.
• Volatility expanded midday, with a 400k+ volume spike as prices tested the 0.491–0.494 zone.
• RSI and MACD indicated moderate bearish momentum, with RSI hovering near 50 and no clear overbought/oversold signals.
• A Doji Star pattern was not confirmed in the dataset, but bearish reversal hints emerged near 0.492–0.493.

Stacks/Tether (STXUSDT) opened at 0.474 on October 13, 2025, reached a high of 0.494, and closed at 0.4545 on October 14. The price traded between 0.442 and 0.494 during the 24-hour period, with a total volume of 8,120,430.2 STX and a notional turnover of approximately $3,657,647. The market displayed heightened volatility in the early hours of October 14, with a sharp sell-off starting around 04:00 ET and continuing through 09:00 ET before a slight recovery in the afternoon.

The price structure showed key support levels at 0.442–0.446 and 0.452–0.453, with a potential resistance cluster at 0.489–0.492. On the 15-minute chart, a bearish engulfing pattern appeared near 0.492–0.493, followed by a consolidation phase. While a traditional Doji Star pattern was not detected in the provided dataset, a near-Doji formed at 0.493, indicating a possible bearish reversal. The price action suggested increasing bearish sentiment after 04:00 ET, with a breakdown of the 0.476–0.480 level triggering a broader sell-off.

The 20-period and 50-period moving averages on the 15-minute chart both closed below the current price, reinforcing the short-term bearish bias. On the daily chart, the 50-day, 100-day, and 200-day moving averages were all above the current price, suggesting a medium-term bearish divergence. The MACD indicator turned negative after 04:00 ET, with the line crossing below the signal line to confirm a bearish momentum shift. The RSI indicator hovered near 50, showing no clear overbought or oversold conditions, although a drop below 45 indicated weakening bullish momentum.

Bollinger Bands reflected a moderate increase in volatility as the price moved out of the lower band during the midday sell-off, reaching the upper band at 0.494. The price spent most of the day below the middle band, suggesting bearish pressure. On the Fibonacci Retracement levels, the 0.452–0.454 zone corresponds to a 61.8% retracement of the prior upward swing (0.442–0.494), which acted as a temporary floor during the afternoon. The 38.2% retracement at 0.468–0.470 also saw some minor support in the morning but failed to hold as the sell-off accelerated.

Backtest Hypothesis

Given the absence of Doji Star signals in the current dataset for STXUSDT, the backtesting framework faces a limitation in testing reversal strategies that rely on this pattern. A potential workaround involves sourcing a historical list of Doji Star occurrences for STXUSDT since 2022, which could be manually provided and integrated into the backtesting engine. Alternatively, the strategy could be tested on a supported asset or a more widely recognized pattern. As STXUSDT demonstrated moderate bearish momentum and a near-Doji at 0.493, these could serve as proxies for evaluating short-term reversal setups. If historical Doji Star data is available, a 3-day holding backtest could provide actionable insights for future entries or exits aligned with price structure and volatility shifts.