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

Summary
• Price tested key resistance near $0.385 before retracting to consolidate.
• Strong volume-driven rally occurred between 02:00 and 06:00 ET, confirming bullish momentum.
• RSI suggests overbought conditions near $0.389, hinting at potential pullback.
• Volatility expanded near recent highs but has since contracted, indicating a potential pause.
• A bearish engulfing pattern formed around $0.3842–0.3816, signaling short-term bearish bias.

Stacks/Tether (STXUSDT) opened at $0.3627 on January 5, 2026, reached a high of $0.3897, and closed at $0.3771 at 12:00 ET on January 6, 2026, with a low of $0.3618. The pair saw a total volume of 10.27 million STX and a notional turnover of $3.86 million over the 24-hour period.

Structure & Moving Averages

Price action showed a distinct bullish impulse in early hours, pushing above key 20-period and 50-period moving averages on the 5-minute chart. A minor bearish pullback followed, with the 50-period MA currently at $0.376, acting as a dynamic support. On the daily chart, the 50/100/200 MA structure appears neutral with price trading slightly above the 200-period line.

Momentum and Volatility

The MACD remained positive throughout the session, with a strong crossover and increasing histogram, indicating sustained bullish momentum. RSI peaked near 68–70 during the morning rally, suggesting overbought conditions. Bollinger Bands expanded as price approached resistance but have since narrowed, indicating a consolidation phase.

Volume and Turnover

Volume and turnover surged between 02:00 and 06:00 ET, especially around the $0.382–0.385 range, confirming the strength of the breakout. Later in the session, volume declined as price retreated, though turnover remained healthy. No significant divergence was observed between price and volume.

Pattern and Fibonacci

A bearish engulfing pattern formed during the afternoon pullback near $0.3842–0.3816, hinting at short-term bearish pressure. Fibonacci retracement levels from the morning high to the post-breakout low highlight potential support near 38.2% at $0.376 and 61.8% at $0.371, which could be tested in the coming hours.

Price may test these levels next, with a breakout above $0.385 potentially resuming the bullish trend. Investors should remain cautious of increased volatility as key Fibonacci and moving average levels align near $0.376–0.377.