Summary
• Stacks/Tether rallied to a 24-hour high of $0.414 but retraced to close at $0.4052.
• Volume surged to over 218k on a 15-minute candle, suggesting key price inflection.
• RSI remains in neutral territory, but MACD hints at a bearish divergence post-breakout.
Stacks/Tether (STXUSDT) opened at $0.4011 on November 12 at 12:00 ET and closed at $0.4052 by the same time on November 13. The pair reached a high of $0.414 and a low of $0.3949, with a total volume of 4,382,820.1
and a notional turnover of approximately $1,766,269.18. Price action suggests a consolidation phase after a sharp reversal from the daily low.
Structure & Formations
Price formed a bullish engulfing pattern at $0.408–$0.4102 and a bearish engulfing pattern at $0.4043–$0.4071. The 15-minute chart highlights a key resistance level at $0.4102 and support at $0.4048. A doji near $0.4055 at 06:45 ET signals indecision among traders.
Moving Averages
On the 15-minute chart, the 20-period MA is rising at $0.4059, above the 50-period MA at $0.4046, suggesting short-term bullish momentum. On the daily chart, the 200-period MA is near $0.4005, while the 50-period MA rests at $0.4020—price currently above both, indicating a mildly bullish bias.
MACD & RSI
The MACD turned negative at 07:00 ET after a short positive spike, hinting at a bearish reversal. RSI reached 55 at the session high and declined to 52, staying within neutral territory. A divergence between MACD and price action after the $0.414 high could signal a bearish continuation.
Bollinger Bands
Bollinger Bands widened after the 04:30 ET surge, indicating rising volatility. Price peaked at +1.5σ at $0.414 and then fell below the middle band, now hovering near the lower band at $0.4028–$0.4035, suggesting a potential bounce or further consolidation.
Volume & Turnover
Volume spiked to 218k at 07:00 ET after a breakout to $0.4102 and remained elevated throughout the day. Notional turnover reached $31,500 in that 15-minute period, with diverging price and volume dynamics post-09:00 ET indicating waning bullish conviction.
Fibonacci Retracements
On the 15-minute swing from $0.3949 to $0.414, key retracement levels include $0.408 (38.2%), $0.4035 (61.8%), and $0.4002 (78.6%). Price closed near the 61.8% level, which could act as a short-term support or pivot zone for the next 24 hours.
Backtest Hypothesis
To construct a meaningful backtest, the trading pair should be specified (e.g.,
.BINANCE or STXUSDT.COINBASE) as STX/USDT can vary across exchanges. A common definition for a resistance breakout is a close above the prior 20-day high. Using this, a backtest from 2022-01-01 to 2025-11-13 can assess the success rate of breakout trades and average holding periods. This aligns with the current analysis of potential breakouts near $0.4102 and retests of $0.4048.
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