Market Overview for Stargate Finance/Tether (STGUSDT) – 2025-10-30

• Price action fell sharply from 0.1496 to 0.1412 over 24 hours, ending near daily lows.
• Momentum weakened as RSI likely entered oversold territory late in the session.
• Volatility expanded during the selloff, with volume spiking above 1M across multiple candles.
• A long lower shadow at 0.1432–0.1445 suggests some buying interest at lower levels.
• Fibonacci 38.2% retracement at ~0.1455 could act as near-term resistance.

The 24-hour period for Stargate Finance/Tether (STGUSDT) saw the pair open at 0.1468 (12:00 ET – 1) and close at 0.1397 (12:00 ET). Intraday high and low levels reached 0.1496 and 0.1393, respectively, reflecting a broad sell-off. Total volume across the 24-hour period amounted to 11,838,702, while total notional turnover was approximately 1,541,678 USDT.

Price action over the 15-minute chart reveals a bearish bias, with a strong break of key support levels and limited follow-through buying after short-term rebounds. A large bearish engulfing pattern formed between 18:30–19:00 ET, confirming a shift in sentiment. A doji appeared near 0.1453, indicating indecision. The 20-period and 50-period moving averages both trended downward, reinforcing bearish momentum.

Bollinger Bands widened significantly during the selloff, indicating rising volatility. Price remained well below the 20-period SMA for most of the session, suggesting a continuation of the downward trend is probable. Volume spikes coincided with the major breakdowns, particularly between 18:30–19:00 ET and 04:30–05:00 ET, adding weight to the bearish scenario.

Fibonacci retracement levels suggest a potential short-term target for a rebound to 0.1455 (38.2%), with a 61.8% level at 0.1476. However, given the strong bearish sentiment and the lack of follow-through buying, further downside to 0.1370 or even 0.1350 cannot be ruled out.

Backtest Hypothesis

Without access to RSI data for STG/USDT, a key element of the proposed backtesting strategy is missing. Typically, an RSI-based strategy would look for RSI < 30 as a potential entry signal, followed by a 5-day hold. Since this data is unavailable, the strategy cannot be backtested at this time. The following options are available to proceed:

1. Provide a different symbol (e.g., another cryptocurrency or listed security) to test the strategy.
2. Attempt with a different data vendor or symbol format if you believe the current format is incorrect.
3. Supply RSI-oversold dates manually for STG/USDT if available, and I can run the backtest using those dates.

Price may find near-term support around 0.1390–0.1400, but a break below this could open the door to further losses. Investors should remain cautious, particularly if volume fails to pick up during any short-term rebounds.