Market Overview: Stargate Finance/Tether (STGUSDT) – 24-Hour Price Action and Technical Indicators

• STG/USDT traded in a consolidative range overnight before forming a bullish breakout late in the day.
• Volume surged during the 19:00–21:00 ET window, confirming the upward move from 0.154 to 0.156.
• A bearish reversal formed overnight after 0.156, indicating potential support at 0.154–0.155.
• RSI and MACD showed positive divergence during the 20:00–21:30 ET rally but later softened.
• Volatility expanded in the afternoon before contracting overnight, signaling possible consolidation.

24-Hour Price and Volume Summary

Stargate Finance/Tether (STGUSDT) opened at 0.1543 on 2025-10-24 at 12:00 ET and closed at 0.1537 on 2025-10-25 at the same time. The pair reached a high of 0.156 and a low of 0.1533 over the 24-hour period. Total trading volume across 15-minute candles was approximately 810,710.0 units, with total notional turnover amounting to around 128.74 USDT (based on volume-weighted average close prices).

Structure & Formations

Price action displayed a distinct bullish impulse between 19:00 and 21:00 ET, with a clear breakout above a prior resistance level around 0.155. This was followed by a bearish reversal overnight, with price retreating toward the 0.154 support area. The 19:30–20:00 ET candle (0.1556 close) and the 20:30–21:00 ET candle (0.1559 high) formed a strong bullish continuation pattern. A doji formed in the early morning hours at 0.1557, signaling indecision and potential consolidation.

Moving Averages and Momentum

The 20-period and 50-period moving averages on the 15-minute chart were in a bullish alignment, with the 20-period above the 50-period. This alignment supported the late-day rally. Momentum indicators showed mixed signals: the MACD turned positive in the evening and remained above the signal line until early morning. RSI briefly entered overbought territory (above 65) during the 20:00–21:00 ET rally but fell back into neutral to slightly overbought levels by the end of the day.

Bollinger Bands and Volatility

Volatility expanded during the bullish phase between 19:00 and 21:00 ET, with the upper band reaching 0.1563. Price remained within the upper band during this period, indicating strong momentum. Overnight, volatility contracted, with price trading closer to the middle band. This suggests a possible pause in trend continuation, with the next move potentially dependent on a re-test of the 0.156 upper band or a breakdown below 0.154.

Volume & Turnover

Volume was concentrated during the bullish phase, with the 19:30–20:00 ET candle (28,455.7 volume) and the 20:30–21:00 ET candle (81,071.0 volume) representing the largest volumes. Turnover spiked correspondingly, with a clear correlation to the upward price action. However, volume dried up in the overnight hours, with a sharp drop-off after 00:00 ET. This divergence between price and volume suggests caution as the market may lack follow-through for further bullish moves.

Fibonacci Retracements

Applying Fibonacci levels to the 19:00–21:00 ET bullish move (0.154–0.156), the 38.2% retracement level currently sits at 0.1553 and the 61.8% level at 0.1545. Price tested the 0.1545 level twice during the overnight pullback, suggesting strong support in this area. If the downward correction continues, the next Fibonacci level to watch is the 0.1535–0.1537 zone, which is currently being tested.

Backtest Hypothesis

To evaluate a potential trading strategy based on the technical patterns observed, we propose a systematic backtesting approach using dual signals: the MACD Golden Cross and the Bullish Engulfing pattern. These signals would trigger a long entry only when both occur on the same day. The exit condition is defined by the first occurrence of a MACD Death Cross or a Bearish Engulfing pattern after entry, whichever happens first.

This approach aims to capture high-probability bullish setups confirmed by both trend and momentum. The current data supports this strategy, as both signals were in alignment during the 19:00–21:00 ET rally. The overnight bearish reversal and the doji formation may have indicated a failure to sustain the bullish trend, which would be captured as an exit signal in the proposed strategy.

By running this backtest from 2022-01-01 to 2025-10-25, we will assess its profitability and risk-adjusted returns, including maximum drawdown and win/loss ratios. The integration of Fibonacci retracement and Bollinger Band analysis can further enhance signal filtering and stop-loss placement, though for this iteration, we will proceed without additional constraints unless otherwise specified.