Market Overview for Stacks/Tether (STXUSDT)

Summary
• Price declined from $0.3743 to $0.3652, with support forming near $0.358–0.361.
• Volume increased during key breakdowns, confirming bearish momentum.
• RSI showed oversold conditions briefly, but bearish divergence remains.

Stacks/Tether (STXUSDT) opened at $0.3658 on 2026-01-06 12:00 ET, reached a high of $0.3743, a low of $0.353, and closed at $0.3652 as of 2026-01-07 12:00 ET. Total traded volume was 3,872,799.4 STX, while notional turnover amounted to $1,434,227.5.

Structure & Formations

Price action on the 5-minute chart showed a bearish breakdown below a key support at $0.361 after a bullish attempt to retest $0.370. A long lower shadow on the $0.362–0.3655 candle at 21:15 ET ET suggested rejection from the upper side. A bearish engulfing pattern formed near $0.370, and a potential bearish reversal doji appeared at $0.365 after a rally from $0.360. Key resistances are at $0.370 and $0.3743, while strong supports are forming at $0.361 and $0.358.

Moving Averages

On the 5-minute chart, price has been below the 20- and 50-period moving averages for much of the session, indicating bearish bias. On the daily chart, the 50- and 200-period averages are trending lower, with price below both. A crossover below the 100-period MA on the daily chart would confirm bearish momentum.

MACD & RSI

The MACD line crossed below the signal line at around $0.365, reinforcing the bearish sentiment. RSI dropped below 30 into oversold territory during the morning hours but failed to generate a strong bounce, showing bearish divergence. A potential rebound could be seen if RSI breaks above 40, but sustained selling pressure may keep it below 50.

Bollinger Bands

Volatility increased sharply during the afternoon and evening hours, with price testing the lower band at $0.358–0.361. A narrowing of the bands was seen earlier in the session, suggesting consolidation before the breakdown. Price remains near the lower band on the 5-minute chart, indicating a continuation of bearish momentum.

Volume & Turnover

Volume increased significantly during the breakdown below $0.361, confirming bearish momentum. Turnover also spiked during key downward moves, particularly in the 20:30–23:00 ET window. However, price and turnover began to diverge slightly in the last few hours, as turnover declined while price continued lower—suggesting a potential pause in the move.

Fibonacci Retracements

A key 5-minute retracement level at 61.8% ($0.361) held as support, but the breakdown below it signaled a deeper leg lower. On the daily chart, the 61.8% retracement of the recent $0.3743–$0.353 swing is near $0.361, coinciding with the 5-minute support level. A break below $0.358 would target the next Fibonacci level at $0.353.

Price may test the $0.358–0.360 area in the next 24 hours for potential consolidation or a short-term rebound. However, a sustained move below $0.358 could trigger further downside, with $0.353 as the next key level. Investors should monitor for any bullish divergences in RSI and volume to assess potential reversal signals.