Market Overview: Stargate Finance/Tether (STGUSDT) on 2025-09-14

• STGUSDT opened at $0.1765 and closed at $0.1756 with a 24-hour range of $0.1737–$0.1803.
• A bearish momentum shift is evident with RSI dipping into oversold territory near 30 and MACD showing bearish divergence.
• Volatility expanded significantly around 21:30 ET, followed by a consolidation phase after the 0.1801 high.
• Bollinger Bands show price tested the upper band before retreating, indicating a potential retest of key support levels.
• Fibonacci levels suggest 0.1755 and 0.1737 as critical supports; 0.1765 and 0.1780 as resistances ahead.

The 24-hour session for Stargate Finance/Tether (STGUSDT) began at $0.1765 and closed at $0.1756, with a high of $0.1803 and a low of $0.1737. The pair traded with a total volume of 16.68 million tokens and a notional turnover of $2.89 million. Price swung between key resistance and support levels before consolidating in the latter half of the session.

Structure & Formations

Price formed a strong bearish engulfing pattern at $0.1798 to $0.1793 and later a doji at $0.1756, signaling potential exhaustion in both bullish and bearish momentum. A descending triangle is forming between $0.1737 and $0.1780, with the neckline at $0.1755 offering key support. A breakdown below this level could target $0.1737.

Moving Averages

On the 15-minute chart, the 20-period MA is bearish and has crossed below the 50-period MA, indicating short-term bearish pressure. On the daily chart, the 50-period MA is above the 100-period MA, showing longer-term bearish bias. The 200-period MA sits near $0.1778, forming a dynamic resistance.

MACD & RSI

MACD turned negative mid-session and remained in bearish territory, with a bearish crossover confirming the downtrend. RSI dropped to 30, entering oversold territory, suggesting a potential rebound toward $0.1765 in the near term. However, bearish divergence in MACD suggests further downside may follow after a short pullback.

Backtest Hypothesis

A potential backtesting strategy involves entering short positions on a confirmed breakdown of the $0.1755 support with a stop above the $0.1765 level. A take-profit target is set at $0.1737, with a risk-to-reward ratio of 1:1.5. This approach aligns with the descending triangle pattern and bearish momentum confirmed by MACD and RSI.

Bollinger Bands

Bollinger Bands expanded during the volatile phase from 21:30 to 01:00 ET, with price testing the upper band before retracting toward the middle band. A contraction in volatility followed, suggesting a potential breakout attempt. If price remains below the upper band and tests the lower band, it could confirm a bearish channel continuation.

Volume & Turnover

Volume spiked during the 21:30–21:45 ET period as price hit the intraday high of $0.1801, confirming the move as a legitimate attempt to break above key resistance. However, volume declined after the peak, indicating waning bullish conviction. The total volume and turnover were positively aligned, but a divergence may develop if price fails to retest $0.1801 with higher volume.

Fibonacci Retracements

Fibonacci levels from the 0.1737 to 0.1801 swing indicate 38.2% at $0.1769 and 61.8% at $0.1755 as key retracement levels. Price has tested and failed at $0.1769 and is now consolidating near the 61.8% level, suggesting a possible breakdown scenario. A close below $0.1755 would invalidate the bullish case for the near term.

Given the current bearish structure and momentum, STGUSDT may face further downside toward $0.1737 if the key support at $0.1755 is breached. However, a short-term rebound toward $0.1765–0.1770 is likely due to the oversold RSI. Investors should watch for a potential bearish breakout from the descending triangle with volume confirmation.