Market Overview: Starknet/Tether (STRKUSDT) — 24-Hour Technical Analysis

• STRK/USDT opened at $0.1309 and closed at $0.1297 after a 24-hour range of $0.1316 to $0.1265.
• The pair showed bearish consolidation in the second half of the day, with volume increasing during downward moves.
• Key resistance formed around $0.1305–0.1310, while support emerged near $0.1290 and $0.1285.
• RSI and MACD suggest weakening momentum, with RSI hovering below overbought levels.
• Bollinger Bands showed a moderate expansion, with price currently near the midline and bearish bias.

Starknet/Tether (STRKUSDT) opened at $0.1309 at 12:00 ET on 2025-09-19 and closed at $0.1297 at 12:00 ET on 2025-09-20, with a high of $0.1316 and a low of $0.1265 over the 24-hour period. Total trading volume reached 11,536,407.66 STRK, and notional turnover amounted to $1,494,464.50, based on the weighted closing price.

Structure & Formations

The 15-minute chart revealed a bearish continuation pattern, with the price testing key resistance levels near $0.1305–0.1310 and failing to break through. A bearish engulfing pattern was observed at 03:15 ET and 03:45 ET as the price closed below the previous candle’s body, signaling potential short-term weakness. A notable doji formed at 05:30 ET, indicating indecision amid the downward drift. Key support levels emerged at $0.1290 and $0.1285, which held during multiple retests, suggesting these levels could be pivotal for near-term stability.

Moving Averages

On the 15-minute chart, the 20-period MA currently sits at approximately $0.1296, closely aligned with the 50-period MA at $0.1295, indicating a neutral to slightly bearish bias in the short term. On the daily chart, the 50-period MA is at $0.1310, while the 100-period MA is at $0.1318 and the 200-period MA is at $0.1316, suggesting that the pair remains below its longer-term trend lines, reinforcing a bearish bias.

MACD & RSI

The MACD histogram has turned negative and continues to contract, pointing to weakening bullish momentum. The RSI currently stands at 52, indicating neutral territory but trending downward as the session progresses. RSI has yet to fall into oversold territory (below 30), suggesting that the decline may not be exhausted, and further downward movement is possible. If RSI falls below 45, it could signal increased selling pressure.

The Bollinger Bands have widened from a narrow consolidation phase earlier in the day, indicating a period of rising volatility. At the close of the 24-hour period, STRK/USDT is trading near the midline of the bands, slightly favoring a bearish bias as it has remained below the 20-period moving average for most of the session. If the price were to break below the lower band, it could indicate a potential short-term oversold condition.

Volume & Turnover

Volume and turnover were notably higher during downward price moves, particularly in the 6–10 hour window, when STRK/USDT fell from $0.1295 to $0.1270. This volume divergence supports the bearish momentum. However, as the price approached $0.1290–0.1285, volume decreased, indicating some exhaustion among sellers. This could be a sign that the immediate downside may face resistance before further declines can occur.

Fibonacci Retracements

Applying Fibonacci retracement levels to the recent 15-minute swing from $0.1265 to $0.1316, the 61.8% retracement level is at $0.1286, a level the price has approached and held near multiple times. The 50% level at $0.1291 appears to have offered moderate resistance during the last few hours. On the daily chart, the 61.8% retracement level of the broader move is near $0.1295, suggesting further support may appear in that range.

The 24-hour period has shown a clear bearish trend in STRK/USDT with key support and resistance levels forming around $0.1290–0.1305. While the RSI remains neutral and MACD trends downward, the Bollinger Bands and Fibonacci levels suggest that the next 24 hours could see a test of the $0.1285 support level. Investors should monitor for a breakout or rejection at this level to gauge potential short-term direction. As always, volatility in the crypto market remains high, and unexpected moves are possible.

Backtest Hypothesis

A potential backtesting strategy could involve a breakout trading model, where long entries are triggered on a close above the $0.1305 resistance level with a stop-loss placed below $0.1295. Conversely, short entries could be initiated on a close below $0.1285, with a stop-loss set at $0.1295. This approach would leverage the defined structure and volume divergences identified in the data. Given the current bearish setup and the alignment with the technical indicators, this strategy appears well-suited for a short-term tactical approach in the next 48 hours.