Summary
• Price declined from 0.1488 to 0.1402 amid a 24-hour trend lower.
• Key support at 0.14 appears tested; resistance at 0.1444 shows rejection.
• Volume surged at 0.1437 and 0.1402, suggesting pivotal turning points.
• RSI near 30 indicates potential oversold conditions, but bearish momentum remains strong.
• Bollinger Bands show moderate volatility; price near lower band suggests potential bounce.
Market Overview
Stargate Finance/Tether (STGUSDT) opened at 0.1488 at 12:00 ET–1, reaching a high of 0.1508 and a low of 0.1374, before closing at 0.1402 at 12:00 ET. The total 24-hour volume was approximately 6.93 million, with a notional turnover of 977,198. The price has shown a clear bearish bias over the last 24 hours.
Structure and Key Levels
Price broke below the 0.1444 support level, which had previously acted as a minor floor, and has since consolidated near 0.14. A key resistance at 0.1444 now functions as a psychological ceiling, while 0.14 appears to be the immediate support. A bullish engulfing pattern was briefly seen at 0.1437 but failed to hold.
Moving Averages and MACD
On the 5-minute chart, the 20-period and 50-period moving averages are both bearish, with the price remaining below both.
The MACD histogram shows a consistent bearish divergence, with negative momentum amplifying the downward trend.
RSI and Volatility
The RSI has fallen to 29–30, indicating near-oversold conditions, though a bearish crossover remains in effect. Bollinger Bands show moderate volatility, with price lingering near the lower band—suggesting a potential short-term bounce could be on the cards.
Volume and Turnover
Volume and turnover spiked at 0.1437 and 0.1402, suggesting significant participation at those levels. The bearish momentum appears confirmed by the volume profile. There are no notable divergences between price and turnover, reinforcing the bearish narrative.
Fibonacci Retracements
Key 5-minute retracements include 0.1437 (61.8%) and 0.1402 (38.2%). Price has tested both, but the bearish bias remains intact. Daily retracements suggest 0.14 could serve as a pivot for a potential reversal attempt.
Over the next 24 hours, a test of 0.14 support could lead to a temporary bounce or further consolidation. Traders should remain cautious as a break below 0.14 could open the door to lower levels.
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