Market Overview for Stargate Finance/Tether (STGUSDT) – 2025-11-09

Summary
• STGUSDT traded in a volatile range, with a 24-hour high of 0.1492 and low of 0.1394.
• Price surged above 0.1442 in early ET hours before consolidating.
• Notional turnover spiked during a sharp pullback in the early morning session.

The STGUSDT pair opened at 0.1432 (12:00 ET – 1) and closed at 0.1449 (12:00 ET), with a high of 0.1492 and a low of 0.1394. The total trading volume amounted to 11,677,363.3 units, while the total notional turnover was approximately $1,670,000. The price action featured a sharp rebound from 0.1401 in the early ET morning hours, signaling possible short-covering and bullish sentiment emerging after a sell-off.

The 15-minute chart showed a series of bullish and bearish engulfing patterns during the 05:00–06:00 ET window, suggesting indecision between buyers and sellers. Key support levels appear to be forming around the 0.1425–0.1430 zone, while resistance is emerging at 0.1450–0.1455. A doji near 0.1435 at 04:00 ET indicated potential exhaustion in the bearish momentum.

Moving averages on the 15-minute chart showed the price consistently above both the 20 and 50-period lines, suggesting short-term bullish bias. The 50-period MA acted as dynamic support during a brief pullback in the early morning, holding the price above 0.1430. On a daily chart, the 50, 100, and 200-day MAs are still in a mixed alignment, with the 100 and 200-day lines offering potential resistance if the rally consolidates.

MACD showed divergence in early ET hours, with bearish crossovers during the 03:00–05:00 ET sell-off followed by a bullish crossover at 07:00 ET. RSI reached oversold levels (below 30) during the early morning dip and then pushed into overbought territory (above 70) by late ET, suggesting exhaustion in the recent rally. Bollinger Bands showed a widening during the morning rebound, indicating an uptick in volatility.

Volume and notional turnover were elevated during the 03:00–04:00 ET sell-off and again during the 07:00–09:00 ET rally. The volume during the rally confirmed the bullish momentum, with a large volume spike observed at 09:30 ET when price reached 0.1455. Fibonacci retracement levels from the 0.1394–0.1492 swing suggest key psychological levels at 0.1435 (38.2%) and 0.1457 (61.8%), which may act as dynamic support/resistance.

The forward-looking bias is cautiously bullish for the next 24 hours, provided the 0.1442 support level holds. A break above 0.1460 could attract further buyers, but a close below 0.1430 may trigger bearish pressure. Investors should be mindful of divergences in the RSI and MACD, as they may signal turning points before a continuation.

Backtest Hypothesis

Given the observed momentum and overbought/oversold conditions, a potential backtesting strategy could utilize the 14-period RSI to identify overbought (RSI > 70) and oversold (RSI < 30) levels for entry and exit signals. However, the requested RSI data for the period 2022-01-01 to 2025-11-09 is currently unavailable due to an internal error in the data source. This typically arises when the symbol format or exchange is not correctly specified. To proceed, clarifying the following will be necessary:
1. The exact exchange where the STG/USDT pair is traded (e.g., Binance, OKX).2. The symbol format recognized by the data vendor (e.g., “STG-USDT”, “STGUSDT_PERP”).3. If applicable, an alternative data source (e.g., a CSV file or a different exchange).
Once the correct symbol or data source is provided, I can retrieve the RSI series and implement the backtest strategy, including entry on RSI > 70 and your preferred exit rules. This will allow for a performance evaluation and visual representation of trade signals. The findings can then be used to refine trading assumptions and strategy parameters based on historical behavior.