Market Overview for Starknet/Tether (STRKUSDT) - 2025-09-18

• Starknet/Tether (STRKUSDT) rose 1.13% over 24 hours, with a late afternoon breakout above 0.136.
• Volume spiked 2.5x above average during the 19:30–20:30 ET window, confirming bullish momentum.
• RSI moved into overbought territory after a sharp rally, suggesting potential short-term consolidation.
• Bollinger Bands widened, signaling increased volatility ahead of a potential trend continuation or reversal.
• A 15-minute bullish engulfing pattern emerged at 17:45 ET, reinforcing the breakout thesis.

Starknet/Tether (STRKUSDT) opened at 0.1314 on 2025-09-17 at 12:00 ET, reached a high of 0.1405, and closed at 0.1396 at 12:00 ET on 2025-09-18. Total volume for the 24-hour window was 63.6 million STRK, with a notional turnover of $8.84 million. Price action showed a clear reversal from bearish to bullish momentum after 19:30 ET, culminating in a breakout above key resistance.

Structure & Formations

The 15-minute chart displayed a series of ascending triangles and bullish pennants, with a breakout confirmed by a bullish engulfing pattern at 17:45 ET. Key support levels were identified at 0.1356 and 0.1336, while resistance levels at 0.1375 and 0.1394 acted as barriers early in the day before the final breakout. A doji at 0.1359 (22:30 ET) signaled a brief pause in the upward trend, but price quickly resumed higher after a strong volume push.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart crossed to the bullish side after 18:00 ET, aligning with the breakout. On the daily chart, the 50-period MA acted as dynamic support, with price hovering just above the 200-period MA, indicating a potential continuation of the uptrend. The 100-period MA, however, remained bearish, creating a minor divergence that suggests caution.

MACD & RSI

The MACD showed a positive crossover at 19:00 ET and remained in bullish territory for most of the day, reinforcing the upside bias. RSI reached overbought territory at 72–74 for several hours following the breakout, suggesting possible consolidation or a pullback may occur in the short term. However, the divergence between RSI and price during the 21:00–23:00 ET period indicates strong conviction in the move higher.

Bollinger Bands

Bollinger Bands expanded significantly during the breakout phase, with price closing near the upper band at 0.1396. This suggests heightened volatility and a strong bullish phase. The upper band acted as a dynamic resistance level, which was decisively breached by the end of the session. The contraction of bands before 19:30 ET indicated a period of consolidation before the sharp move higher.

Volume & Turnover

Volume surged to a high of 2.04 million STRK at 19:30 ET, coinciding with the breakout and confirming the strength of the move. Notional turnover also spiked during this period, reaching $3.0 million. However, volume declined in the final 2 hours, suggesting exhaustion in the rally. Price and turnover were in alignment for most of the day, indicating strong conviction in the bullish move.

Fibonacci Retracements

Key Fibonacci levels at 0.1365 (38.2%), 0.1375 (50%), and 0.1385 (61.8%) were successfully tested and exceeded. The 15-minute swing from 0.1318 to 0.1396 provided a clear target at 0.1405, which was briefly touched before the close. This indicates that the current rally may be part of a larger upward correction following a prior decline.

Backtest Hypothesis

The backtest strategy involves entering long positions on a bullish engulfing pattern confirmed by a volume spike above average, followed by a stop loss at the recent swing low and a take profit at the 61.8% Fibonacci level. This approach aligns with the 17:45 ET engulfing pattern and the breakout volume, suggesting a high-probability trade with risk-reward favorability. A trailing stop could be considered after the price surpasses key resistance levels to capture further upside.