Market Overview for Starknet/Tether (STRKUSDT)

Summary
• STRKUSDT traded in a tight range for most of the day, finding support at 0.0803 and resistance at 0.0833.
• A key bearish reversal pattern formed near 0.0830, followed by a sharp decline into the final 5 hours.
• Volume and turnover surged during the final 6 hours, confirming the downward momentum and potential exhaustion of short-term buyers.
• RSI dipped below 30 in the final 3 hours, signaling possible oversold conditions and a potential near-term bounce.
• The 20-period MA on the 5-min chart crossed below price, suggesting short-term bearish bias despite the recent oversold signal.

At 12:00 ET–1 on December 20, 2025, STRKUSDT opened at 0.0820, peaked at 0.0833, and closed at 0.0799 by 12:00 ET on December 21. Total volume across the 24-hour period was approximately 15,768,999.83, with notional turnover of 1,298,470.45 USD.

Structure & Formations

Price remained within a defined range for most of the day, with a notable bearish engulfing pattern forming around 0.0830 after midday.

This was followed by a sharp, sustained decline into the evening and overnight sessions, finding support at 0.0803.

Moving Averages

The 20-period and 50-period moving averages on the 5-min chart both crossed below the price action in the final 6 hours of the session, reinforcing a short-term bearish bias. Daily moving averages (50/100/200) were not available for this timeframe, but the 5-min signal remains significant for near-term directional bias.

MACD & RSI

MACD turned negative after 5:00 AM ET and remained bearish for the rest of the session. RSI dipped below 30 in the final 3 hours, suggesting oversold conditions. However, volume remained high during this phase, indicating a possible continuation of the bearish trend after a brief pause or consolidation.

Bollinger Bands

Volatility remained moderate but expanded during the final 6 hours as the price moved decisively lower. The last few 5-min candles closed near the lower Bollinger Band, reinforcing the idea of a potential bounce but also of continued bearish momentum depending on follow-through buying.

Volume & Turnover

Volume increased significantly from 5:00 AM ET onward, coinciding with the sharp decline. Notional turnover also rose sharply during this period, aligning with the price action and confirming the strength of the selling wave.

Fibonacci Retracements

Applying Fibonacci to the 0.0803–0.0833 swing, price found support near 0.0817 (38.2%) and 0.0809 (61.8%). The final close at 0.0799 extended beyond 61.8%, suggesting either a continuation of bearish pressure or a possible rebound if buyers step in near 0.0803.

The market appears to have exhausted short-term bullish momentum and is consolidating into oversold territory. While a bounce from current levels is possible, the overall bearish bias remains intact. Investors should monitor for a break of 0.0803 or a reversal above 0.0809 for directional clarity in the next 24 hours, with risk skewed to the downside if key support levels fail to hold.