Market Overview: Starknet/Tether (STRKUSDT) – 24-Hour Candlestick Summary (10–11 October 2025)

• STRKUSDT rose from 0.1527 to a high of 0.1696 before consolidating, closing at 0.1775.
• A bullish breakout occurred during the 04:30–04:45 ET window, with volume spiking to 5.35M.
• RSI surged above 70 during the 10:00–10:15 ET window, signaling overbought conditions.
• Volatility expanded with Bollinger Band widening, suggesting increased price movement potential.
• Downturns after 15:00 ET saw volume waning, indicating weakening bearish pressure.

Market Summary and Opening Metrics

Starknet/Tether (STRKUSDT) opened at 0.1527 (12:00 ET − 1) and closed at 0.1775 (12:00 ET), reaching a high of 0.1791 and a low of 0.1517. Over the 24-hour period, the pair traded a total volume of 76,352,464.76 and a notional turnover of approximately $13,336,717.64 (based on average price of ~0.1746).

Structure & Formations

Price formation on STRKUSDT shows a strong bearish reversal pattern in the late afternoon with a series of lower highs and lower lows, but a strong bullish engulfing pattern emerged around the 04:30–05:00 ET timeframe, suggesting short-term momentum shifted back to the longs. A key support level appears to have formed around 0.1700–0.1710, where price has bounced multiple times. Resistance levels may be forming at 0.1760 and 0.1780, where price has seen consolidation and hesitation.

Candlestick Patterns

The 04:30–04:45 ET candlestick shows a strong bullish engulfing pattern, indicating a shift in sentiment. A doji appeared at the 06:15–06:30 ET window, signaling indecision in the market. A series of higher highs and strong volume during the 10:00–10:15 ET session reinforced the bullish thesis.

Moving Averages

On the 15-minute chart, the 20-period MA appears to have crossed above the 50-period MA, signaling a potential short-term bullish trend. The 50-period MA on the daily chart remains below the 200-period MA, suggesting medium-term bearish bias. Price has crossed above both the 20 and 50 MAs in recent sessions, indicating a potential shift in momentum.

MACD & RSI

The MACD line showed a bullish crossover around 04:45 ET and remained above the signal line through much of the session, supporting the bullish momentum. RSI peaked at 75 during the 10:00–10:15 ET window, entering overbought territory, which could signal short-term profit-taking or a potential pullback. RSI then dipped to the 55–60 range by 16:00–17:00 ET, indicating a moderate bullish trend.

Bollinger Bands

Volatility expanded significantly after the 04:30–04:45 ET window as the upper Bollinger Band widened to accommodate the high of 0.1791. Price has remained above the 20-period MA and is currently trading near the upper Bollinger Band, suggesting it could be overextended. A contraction in the bands during the 13:00–14:00 ET period indicated a potential consolidation phase before a renewed move.

Price and Band Position

Price has consistently remained above the mid-Bollinger Band in recent hours, suggesting continued bullish momentum. A close above the upper band would suggest a strong breakout and confirmation of bullish sentiment.

Volume & Turnover

Volume spiked sharply during the 04:30–04:45 ET period at 5.35M, coinciding with the highest high and a strong close near the upper Bollinger Band. This confirms the bullish breakout. Turnover also increased during this period, reinforcing the volume signal. Later in the session, volume waned after 15:00 ET, suggesting weakening bearish pressure and potential consolidation.

Fibonacci Retracements

Applying Fibonacci levels to the recent 15-minute swing from 0.1517 to 0.1791, the 61.8% retracement level is at 0.1704 and the 38.2% level at 0.1638. Price has tested the 0.1700–0.1710 range multiple times, suggesting it may act as a key support zone. On the daily chart, the 50% retracement of the broader move is at 0.1657, where price has consolidated in recent sessions.

Backtest Hypothesis

A potential backtesting strategy could involve using the 20-period and 50-period moving averages on the 15-minute chart as entry signals, combined with RSI divergence to filter for momentum shifts. For example, a long signal could be triggered when the 20 MA crosses above the 50 MA and RSI is above 50, while a short signal could be initiated when the 20 MA crosses below the 50 MA and RSI shows bearish divergence. Stop-loss and take-profit levels could be set at recent Fibonacci retracement levels and key support/resistance zones.