Market Overview for Stargate Finance/Tether (STGUSDT) on 2026-01-08

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Thursday, Jan 8, 2026 7:01 pm ET1min read
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Aime RobotAime Summary

- STGUSDT shows bearish consolidation near 0.1178 support after failed 0.1221 resistance breakout.

- Overnight volume surge failed to sustain bullish momentum, confirmed by retracting price action and narrowing MACD.

- Bearish engulfing pattern at 0.1216-0.1219 and Fibonacci levels at 0.1194/0.1209 reinforce key support significance.

- Bollinger Bands and RSI indicate moderate volatility/momentum, with potential downside targets near 0.1166 if 0.1178 breaks.

Summary
• Price action shows a bearish consolidation, with support holding near 0.1178 and resistance failing at 0.1221.
• Volume increased significantly in the overnight session, but price failed to follow through on bullish impulses.
• RSI indicates moderate momentum, while Bollinger Bands show moderate volatility.
• A potential bearish engulfing pattern forms around 0.1216–0.1219, suggesting caution ahead.
• Fibonacci retracement levels at 0.1194 and 0.1209 coincide with key swing pivots, increasing their significance.

Stargate Finance/Tether (STGUSDT) opened at 0.1207 on 2026-01-07 at 12:00 ET, reaching a high of 0.1223 and a low of 0.1178, closing at 0.1212 on 2026-01-08 at 12:00 ET. Total traded volume was 3.08 million, and notional turnover was approximately $394.35K over the 24-hour period.

Structure & Formations


Price remained in a bearish consolidation after a failed rally to 0.1223.
A bearish engulfing pattern emerged near 0.1216–0.1219 during the early morning hours, suggesting a potential reversal. The 0.1178 level acted as a strong support, while 0.1221 failed as a key resistance.

Technical Indicators


The 20-period and 50-period moving averages on the 5-minute chart crossed lower, reinforcing bearish bias. RSI hovered around neutral to slightly oversold territory, indicating limited upside momentum. MACD showed a narrowing histogram, signaling fading bullish energy.

Volatility and Bollinger Bands


Bollinger Bands showed moderate volatility with price testing the upper band during the early morning but retracting back toward the lower band by the end of the session. This suggests a potential continuation of bearish pressure.

Volume and Turnover

Volume spiked overnight near 0.1221 as traders pushed for a higher close, but price failed to sustain the move, showing divergence. Turnover confirmed the failed rally, with buying pressure dissipating after the 0.1221 level was tested.

Fibonacci Retracements


Recent 5-minute swings placed the 38.2% Fibonacci level at 0.1209 and the 61.8% at 0.1194. These levels coincide with key support areas, reinforcing their potential significance if the bearish trend continues.

Looking ahead, a test of the 0.1178 support level could trigger further downside, with potential targets near 0.1166. However, a rebound above 0.1221 might indicate a reversal. Investors should remain cautious as volatility and volume patterns suggest uncertainty in the near term.