Market Overview for StakeStone/Tether (STOUSDT) on 2025-11-08

Summary
• Price drifted in a tight range after a sharp pullback from 0.1725.
• 24-hour volume surged to 556,598.9, while turnover hit $95,344.
• MACD showed bearish divergence while RSI suggested oversold conditions.
• Price found temporary support near 0.1671 before a late rebound.
• Volatility expanded during the afternoon with a break above 0.1695.

15-Minute Open/High/Low/Close and Turnover

StakeStone/Tether (STOUSDT) opened at 0.1662 on 2025-11-07 12:00 ET and closed at 0.1677 on 2025-11-08 12:00 ET, trading between 0.1652 and 0.1725. The total 24-hour volume reached 556,598.9, with notional turnover at $95,344. A notable bearish reversal occurred during the 05:30–06:00 ET session when the price dropped from 0.1701 to 0.1671.

Structure & Formations

A bearish engulfing pattern formed on 2025-11-08 05:30 ET with a high of 0.1701 and a low of 0.1671, confirming a short-term bearish shift. A bullish spinning top appeared on 05:00–05:15 ET, suggesting indecision and a potential rebound. Key support levels include 0.1671 and 0.1657, while resistance levels are 0.1695 and 0.1705.

Technical Indicators

On the 15-minute chart, the 20-period and 50-period moving averages crossed bearishly in the early morning, reinforcing the downtrend. The MACD histogram turned negative and diverged from the price action during the late morning sell-off. RSI hit oversold territory below 30 after the 0.1671 low, signaling a possible bounce.

Bollinger Bands and Volatility

Bollinger Bands expanded in the late afternoon, with price reaching the upper band at 0.1699 and the lower band at 0.1665. Volatility surged from 06:00 to 09:00 ET, coinciding with a 1.8% move from 0.1671 to 0.1695. The recent contraction in the bands suggests a possible breakout scenario.

Volume and Turnover

Volume spiked to 556,598.9 on 13:15 ET, coinciding with a bearish breakdown below 0.1691. The price-volume relationship showed a divergence during the 05:30–06:00 ET session, where volume declined despite a sharp price drop. This divergence suggests weakening momentum in the short term.

Fibonacci Retracements

A 38.2% Fibonacci retracement at 0.1688 and 61.8% at 0.1698 were tested during the afternoon rebound. The 2025-11-08 0.1671–0.1695 swing retraced to 38.2% at 0.1688 before consolidating. On a daily chart, the 61.8% retracement from the 0.1725 high to the 0.1652 low is near 0.1699, a key resistance level.

Backtest Hypothesis

A potential backtest strategy could involve entering long positions on a close above the 38.2% Fibonacci retracement (0.1688) with a stop loss at the 61.8% level (0.1698). This approach would aim to capture the momentum during the afternoon rebound while managing downside risk. Given the recent bearish divergence in the MACD and volume, a short-term exit target might be set at 0.1671.