Market Overview for Starknet/Tether (STRKUSDT): 2025-11-09

• STRKUSDT posted a sharp 24-hour rally, closing near its high as buying pressure surged past $0.1425.
• Strong volume expansion in the last 6 hours confirmed the break of a key resistance level at $0.1425.
• RSI moved into overbought territory, suggesting a potential pullback or continuation could follow.
• Bollinger Bands show a recent expansion, indicating increased volatility and potential trend acceleration.
• Fibonacci retracement levels at 61.8% and 78.6% now appear relevant for near-term consolidation or reversal.

Starknet/Tether (STRKUSDT) opened at $0.1293 on 2025-11-08 at 12:00 ET, and closed at $0.1432 by 12:00 ET on 2025-11-09. The pair surged to a high of $0.1528 and pulled back to a low of $0.128. The total volume for the 24-hour period was 121,153,000.26 units, translating to a notional turnover of $16,746,475.09.

The 15-minute OHLCV data reveals a clear breakout and consolidation pattern, especially in the latter half of the day. The 20-period and 50-period moving averages were decisively crossed in the last 6 hours, indicating a strong short-term bullish bias. The 50-period moving average is currently at $0.1376, while the 20-period sits at $0.1407, both trending higher.

Structure & Formations

A strong ascending wedge has formed as STRKUSDT surged past $0.1425 and briefly traded above $0.1528 before consolidating. The price has since found support at $0.139, where it appears to be forming a bullish pennant pattern. This consolidation could be a precursor to another leg up or a retest of the breakout level. Key resistance now sits at $0.1528 (previous high), while support is found at $0.1385 and $0.1320.

Bullish engulfing patterns are visible between 07:45–08:00 and 09:30–09:45 ET, both of which followed periods of consolidation. These patterns reinforced the bullish momentum, especially as volume increased during these periods.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are aligned in a bullish crossover, with the price above both. The 50-period line is currently at $0.1376 and trending higher. On the daily chart, the 50-period MA is at $0.1330, while the 100-period and 200-period lines are at $0.1298 and $0.1272, respectively, all trending upward. The price is above all three, signaling a strong medium-term bullish bias.

MACD & RSI

The MACD crossed above the signal line around 07:00–08:00 ET, reinforcing the bullish breakout. The histogram has remained positive for over 7 hours, indicating sustained momentum. RSI has surged into overbought territory, peaking at 72 before retreating to 68. While this suggests the move could pause, the strength of the volume and price action points to a possible continuation.

Bollinger Bands

Bollinger Bands have widened in the last 6 hours, indicating increased volatility and a higher likelihood of a trend continuation. The price remains above the upper band at $0.1475, suggesting a strong trend in place. A retracement to the middle band at $0.1425 may act as a potential support level, but given the volume, it is more likely to be absorbed or surpassed.

Volume & Turnover

Volume spiked significantly in the last 6 hours, peaking at over 12 million units between 15:45–16:00 ET. The average volume has been above 5.2 million units for the past 4 hours, indicating a high level of participation from both retail and institutional buyers. Turnover has also increased in step with volume, showing no signs of price-volume divergence. This confirms the strength of the move and the likelihood of further upside.

Fibonacci Retracements

Applying Fibonacci to the recent 15-minute swing from $0.128 to $0.1528, the 61.8% retracement is at $0.1425, where the price found strong support and initiated a new rally. The 78.6% level is at $0.1472, which appears to be a new consolidation area. On the daily chart, the 50% and 61.8% retracement levels are at $0.135 and $0.1425, both of which the price has tested multiple times in the past 72 hours.

Backtest Hypothesis

A potential backtest strategy could focus on identifying “Bullish Engulfing” patterns near key resistance levels such as $0.1425 and $0.1528. These patterns, when accompanied by a volume spike and a close above the engulfing candle’s high, could serve as high-probability entry signals. A stop-loss could be placed below the low of the engulfing candle, with a target at the next Fibonacci level or the upper Bollinger Band. This approach aligns with the current technical setup, and a refined backtest using precise OHLC data would be required to evaluate the strategy’s robustness and risk-adjusted returns.