Market Overview for Starknet/Tether (STRKUSDT) on 2025-12-12

Summary
• STRKUSDT tested key resistance at 0.1080–0.1090, with failed breakouts and bearish volume.
• RSI and MACD suggest waning bullish momentum, entering oversold territory late in the cycle.
• Bollinger Bands narrowed ahead of the final 5-hour stretch, indicating potential for a breakout or reversal.
• On-chain volume spiked during the 19:00–20:00 ET rally, but failed to confirm a sustained reversal.
• A bearish engulfing pattern formed near 0.1099, confirming a likely reversal in sentiment after reaching 24-hour highs.

Starknet/Tether (STRKUSDT) opened at 0.1068 on 2025-12-11 at 12:00 ET and closed at 0.1075 on 2025-12-12 at 12:00 ET. The pair reached a high of 0.1113 and a low of 0.1030, with total volume of 63.71 million STRK and notional turnover of $6.83 million.

Structure & Support/Resistance

Price action formed a key bearish pattern near 0.1099—a bearish engulfing candle—followed by a pullback below the 0.1080 level, a previous resistance that now acts as a potential support.

The 0.1065–0.1070 range has shown strong consolidation in the final hours, indicating possible short-term equilibrium. On the Fibonacci scale, the 61.8% retracement level of the 0.1030–0.1113 move sits at 0.1064, which has been a critical magnet for volume and price action in the last 5-hour window.

Volatility and Momentum

Bollinger Bands showed a marked contraction in the 19:00–20:30 ET window, followed by an expansion and a push above the upper band—only to pull back sharply. The RSI, which entered overbought territory during the 21:00–22:30 ET rally, fell below 30 by 05:00 ET, indicating oversold conditions and a potential for a rebound. The MACD line crossed below the signal line during the 03:00–05:00 ET bearish leg, confirming bearish momentum.

Volume and Turnover

Volume spiked during the 19:00–20:30 ET rally and again around 21:45 ET when STRKUSDT hit the 0.1099 peak. However, the subsequent pullback saw relatively lower volume, suggesting a potential lack of conviction in the bearish move. Notional turnover reached a peak of $0.65 million during the 21:45 ET 5-minute bar. There was no significant divergence between price and turnover, suggesting that volume generally supported price action, particularly during key reversals.

Forward Outlook and Risk

Looking ahead, STRKUSDT appears poised to test the 0.1065–0.1070 range for potential consolidation or a breakout attempt. A break above 0.1085 could signal renewed bullish momentum, while a retest of the 0.1050–0.1045 support zone may bring in buyers. However, volatility remains elevated, and sharp intraday moves could amplify downside risks over the next 24 hours. Investors should remain cautious as the market remains in a state of flux, with key levels providing both risk and opportunity.