Summary
• Price opened at $0.122 and closed at $0.1212, down -0.65%.
• A bearish engulfing pattern formed between 18:00 and 18:15 ET as price dropped from $0.1216 to $0.1209.
• Volatility spiked during the 21:30–22:30 ET window, with price rising to $0.1247 before consolidating.
• RSI dipped below 40 mid-day, signaling potential short-term oversold conditions.
• Final 6-hour range was narrow, with price hovering near 20-period MA at $0.1225.
Stargate Finance/Tether (STGUSDT) opened at $0.122 on 2026-01-06 at 12:00 ET and closed at $0.1212 at 12:00 ET on 2026-01-07, with a daily high of $0.1255 and a low of $0.1193. Total volume was 1,671,980.5 and notional turnover reached $207,053.36.
Structure and Key Levels
Price tested a key intraday resistance at $0.1225–$0.1228 before breaking lower, with a bearish engulfing pattern forming during the 18:00–18:15 ET window. A potential support level appears forming at $0.1210–$0.1215, where price has consolidated in the final hours. A 50-period MA on the 5-min chart currently sits at $0.1225, suggesting a potential retest of this level if buyers step in.
Momentum and Volatility
MACD turned bearish with a negative crossover in early afternoon, aligning with the drop from $0.1234 to $0.1209. RSI briefly dipped below 40 in the late morning and early afternoon, signaling oversold conditions that did not trigger a strong reversal. Volatility was highest between 21:30 and 22:30 ET, with a 5-minute high of $0.1247 and a low of $0.1231, but has since contracted as price consolidates near $0.1212.
Volume and Turnover Divergence
Volume and turnover peaked at 15:30 ET as price fell from $0.121 to $0.1210, indicating distribution. However, in the final 6 hours, volume remained steady while price remained range-bound, suggesting a potential pause in directional momentum. A divergence emerged between price and turnover between 14:00 and 15:00 ET, as volume surged with limited price movement.
Patterns and Fibonacci Implications
A bearish flag pattern formed between 18:15 and 19:45 ET as price declined from $0.1209 to $0.1210, followed by a shallow rebound. Fibonacci retracement levels suggest a potential short-term target at 38.2% of the recent $0.1193 to $0.1247 move near $0.1218–$0.1221, where price may face resistance.
The market appears to be in a consolidation phase with a bias to the downside. A break below $0.1210 could trigger further selling. Investors should monitor volume and RSI for signs of a potential rebound or deepening bearish momentum in the next 24 hours.
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