Market Overview for Starknet/Tether (STRKUSDT) on 2025-12-20

Summary
• Price traded in a 24-hour range of $0.0815–$0.0857 with key support near $0.0817 and resistance at $0.0823.
• Momentum indicators suggest waning bullish pressure, with RSI hovering near 45.
• Volume spiked after 01:00 ET but failed to confirm a directional breakout.
• Price appears to be consolidating within a tight Bollinger Band channel.

Market Overview

Starknet/Tether (STRKUSDT) opened at $0.0850 on 2025-12-19 12:00 ET, reached a high of $0.0857, a low of $0.0815, and closed at $0.0828 on 2025-12-20 12:00 ET. Total volume over 24 hours was 108,202,553.2 STRK, with notional turnover of $9,086,490.

Structure & Formations

The price profile over the 24-hour window displayed a broad trading range, with two failed attempts to break above $0.0823. A key resistance appears at $0.0823–$0.0825, where price consistently reversed or stalled. On the lower side, the area around $0.0817 has held as a de facto support, with price bouncing off this level several times after the overnight session.

A notable bearish engulfing pattern formed at $0.0823–$0.0818 at 01:15 ET, followed by a series of smaller bearish hammers, suggesting bearish control in the early hours. Later in the day, a bullish pinocchio candle at $0.0818–$0.0824 at 07:45 ET hinted at potential short-term buying interest, but the overall bias remained neutral.

Volatility and Momentum

Price volatility expanded in the early morning hours before contracting as the session progressed, with Bollinger Bands tightening in the final hours. This contraction could precede a breakout, though no clear direction emerged during the session.

The RSI ended the 24-hour period at 47, indicating neutral momentum without overbought or oversold conditions. MACD showed a bearish crossover in the early morning hours, followed by a flat histogram suggesting momentum exhaustion.

Volume and Turnover

Trading volume peaked between 01:00 and 02:00 ET, with a notional turnover spike exceeding $3.5 million, but this failed to trigger a sustainable move. Price action diverged from volume during this period, signaling uncertainty among market participants.

By the afternoon, volume normalized to a range of $0.5–$1.0 million per 15-minute interval, suggesting a shift into lower-conviction trading. No significant divergence was observed between volume and price during the latter part of the session.

Key Fibonacci Levels

Applying Fibonacci retracement to the overnight swing from $0.0850 to $0.0815, the 61.8% retracement level sits at $0.0829. Price approached this level from below but failed to close above it, suggesting potential resistance in the near term.

The 38.2% retracement level at $0.0822 may now act as support, and a failure to hold this level could bring the 23.6% level at $0.0820 into play.

Looking forward, the market may consolidate within the $0.0817–$0.0823 range before breaking out. Investors should watch for a sustained close above $0.0825 to confirm a bullish reversal or below $0.0817 to signal further downside risk.

Price could remain range-bound in the near term, and traders should remain cautious of potential order block activity at key Fib levels.