Summary
• Stargate Finance/Tether (STGUSDT) tested key resistance at 0.1130–0.1140, with price consolidating after a volatile 24-hour rally.
• Bullish momentum picked up in morning ET with a 0.1148 high, but RSI showed overbought conditions.
• Volume surged during the final 4 hours, confirming a potential breakout attempt.
• Bollinger Bands expanded during the day, indicating rising volatility and price retesting the upper band.
• A bullish engulfing pattern formed at the 0.1105 level, suggesting potential support retesting overnight.
24-Hour Performance
Stargate Finance/Tether (STGUSDT) opened at 0.1105 on 2025-12-21 12:00 ET, reached a high of 0.1148, and closed at 0.1139 on 2025-12-22 12:00 ET. The pair traded between 0.1096 and 0.1148, with total volume of 13,166,170.0 and turnover of 1,460,038.4 USDT.
Structure & Price Action
Price tested a key resistance zone between 0.1130 and 0.1140 multiple times, with a failed attempt at 0.1148. A bullish engulfing pattern formed at the 0.1105 level during the overnight session, indicating potential support retesting.
Intraday swings showed a 61.8% Fibonacci retracement at 0.1127–0.1130, where price consolidated for several hours before breaking higher.
Technical Indicators
The 5-minute RSI pushed into overbought territory above 70 during the morning ET rally, while the 20-period MA crossed above the 50-period MA, forming a golden cross. MACD showed positive divergence during the final 4 hours, suggesting momentum may still favor the bulls. Bollinger Bands widened significantly during the session, with price retesting the upper band twice.
Volume and Turnover
Volume spiked after 09:00 ET, reaching a peak at 0.1148 with a 5-minute candle of 95,439.4 volume and 10,942.6 USDT turnover. A divergence appeared between price and turnover during the late afternoon as price consolidated, suggesting possible profit-taking. Total turnover exceeded 1.46 million USDT, with the majority concentrated in the final 6 hours.
Outlook and Risk
Looking ahead,
appears to be positioning for a potential breakout above 0.1148, with 0.1150 as the next key target. However, a failure to hold above 0.1130–0.1135 could trigger a pullback to 0.1125. Investors should monitor RSI for signs of overbought exhaustion and the 50-period MA as a potential support level.
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