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

Summary
• Starknet/Tether (STRKUSDT) closed 0.1831 at 12:00 ET, down from an open of 0.1884 after a 24-hour low of 0.1743.
• Momentum weakened, with RSI dipping below 30 and MACD in bearish territory.
• Volatility rose during a sharp sell-off to 0.1743, with volume surging to ~7.8 million on the bearish breakout candle.

The Starknet/Tether (STRKUSDT) pair opened at 0.1884 on 2025-11-10 at 12:00 ET and closed at 0.1831 by 12:00 ET on 2025-11-11. Over the 24-hour period, the price dropped from a high of 0.1891 to a low of 0.1743, marking a bearish trend. Total trading volume for the period was approximately 151 million, while notional turnover (volume × price) amounted to roughly $27.6 million. The price action suggests growing bearish sentiment, especially after a sharp sell-off that pushed the pair below key support levels.

Structure & Formations

STRKUSDT has shown consistent bearish pressure following a sharp selloff to 0.1743, a level that previously acted as a support now broken. The formation of a bearish engulfing pattern on the 15-minute chart, particularly at 19:00 and 21:00 ET, indicates strong downward momentum. A potential short-term support appears to have emerged at the 0.165–0.168 range, where buyers have stepped in multiple times. The 20-period and 50-period moving averages on the 15-minute chart are both bearishly aligned, reinforcing the current bias.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are both below the current price, confirming the bearish bias. On the daily chart, the 50-day moving average has crossed below the 200-day moving average, forming a potential death cross. This reinforces the bearish case for the pair, especially as the 100-day moving average remains above current levels, creating a short-term divergence that may indicate a potential bounce within the broader downtrend.

MACD & RSI

The RSI has dropped below 30, entering oversold territory, while the MACD is in negative territory with a bearish crossover. The RSI’s failure to rise above 40 for most of the 24-hour period suggests weak buying interest. However, the RSI’s recent pullback from oversold levels may hint at a temporary bounce, though the MACD remains bearish, indicating a lack of sustained momentum for a reversal.

Bollinger Bands

Price action has been volatile, particularly between 19:00 and 21:00 ET, with STRKUSDT falling below the lower band of the Bollinger Bands and remaining there for much of the session. This volatility expansion suggests increased selling pressure or market uncertainty. The current price sits within the bands, but close attention should be paid to whether it retests the upper band (0.188–0.190) or remains confined to the lower half.

Volume & Turnover

The highest volume was recorded on the candle that closed at 0.1743, with ~7.8 million traded. This volume spike coincided with a bearish breakout and confirmed the strength of the selloff. Notional turnover was also elevated during this period, indicating significant conviction in the downward move. Conversely, volume has been muted on potential rebound attempts, suggesting a lack of strong buying interest to challenge the bearish bias.

Fibonacci Retracements

Recent 15-minute swings indicate key Fibonacci levels at 0.1767 (38.2% retracement) and 0.1799 (61.8% retracement) as potential resistance zones. On the daily chart, a 61.8% retracement of the recent downtrend is at ~0.1855, which could serve as a near-term ceiling if the pair manages to stabilize and rebound. These levels offer potential entry points for cautious short-term traders or a barometer for the strength of a potential reversal.

Backtest Hypothesis

The “Bullish Engulfing (5-day hold)” strategy on STRKUSDT has historically underperformed, delivering a gross return of -59.8% since 2022. This highlights the limitations of relying solely on bullish engulfing patterns in a high-volatility, trend-following environment like crypto. Given the recent bearish momentum and weak MACD/RSI readings, deploying such a strategy without additional filters or risk controls could lead to further losses. Combining this signal with trend-following or mean-reversion adjustments, as well as adding stop-losses and take-profit levels, may enhance robustness. However, in the current context, STRKUSDT appears more aligned with continuation patterns than reversal ones.