Summary
•
traded in a 0.1110–0.1144 range, with a 0.1128–0.1119 bearish bias in the 5-minute OHLCV data.
• Volume surged at 20:00–21:00 ET as price tested 0.1115 support; divergence seen in later volume and price action.
• RSI approached oversold levels in the final hours, while MACD turned bearish with bearish divergence.
• 5-minute Bollinger Bands tightened prior to 0.1115 breakdown, suggesting a possible short-term reversal.
• 61.8% Fib level at ~0.1118 acted as a key retest point for buyers after the initial bearish breakdown.
Stargate Finance/Tether (STGUSDT) opened at 0.1130 at 12:00 ET − 1, with a high of 0.1144 and low of 0.1109, closing at 0.1113 by 12:00 ET today. Total volume over the 24-hour period was 1,706,078.3, and notional turnover reached approximately $190,055.
Structure & Trends
The 5-minute chart showed a clear bearish bias in the latter half of the session, with price breaking below the 0.1120–0.1125 consolidation range and finding short-term support near 0.1115.
A large bearish candle at 20:00 ET marked a key breakdown, followed by a failed rebound attempt. A potential bullish engulfing pattern emerged near the 0.1110 level but lacked sufficient follow-through to confirm a reversal.
Moving Averages and Fib Levels
Short-term moving averages (20/50) on the 5-minute chart remained bearish, confirming the intraday downtrend. The 61.8% Fibonacci retracement level (~0.1118) held as a minor support zone for a brief rebound. On the daily chart, the 50-period SMA acted as resistance near 0.1135, reinforcing the bearish bias.
Momentum and Volatility
RSI reached oversold territory near 0.1110–0.1112 but failed to spark a convincing bullish reversal. MACD turned bearish in the final hours, with bearish divergence suggesting continued pressure. Bollinger Bands contracted ahead of the breakdown at 0.1115, signaling increased volatility in the short term.
Volume and Turnover Dynamics
Volume spiked during the 20:00–21:00 ET breakdown phase, confirming the move below key support. However, turnover diverged from price action in the final hours, as volume dipped even as price lingered near 0.1110. This may indicate waning buying interest or short-term profit-taking.
Looking ahead, traders may watch for a potential retest of the 0.1115–0.1118 range for a possible bounce or deeper consolidation. A move above 0.1125 could signal a short-term reversal, but with momentum indicators still bearish, the risk of a continuation below 0.1110 remains. Investors should monitor volume patterns and key Fibonacci levels for potential turning points.
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