AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
Summary
•
Starknet/Tether (STRKUSDT) opened at $0.0864 on 12/18 at 12:00 ET, reaching a high of $0.0867 before settling at a 24-hour low of $0.0792. As of 12:00 ET on 12/19, the pair closed at $0.0829. Total volume reached 39.6 million STRK, with $3.29 million in notional turnover across the 24-hour window.
STRKUSDT displayed a volatile 24-hour session, with a sharp decline from $0.0867 to $0.0792 in early afternoon ET before stabilizing. A strong volume spike during the $0.0801–$0.0812 range suggested short-term support. Notably, a bearish engulfing pattern formed at $0.0814–$0.0811, which could signal exhaustion in the upward move.
On the 5-minute chart, price remained above the 20SMA, indicating short-term bullish bias, though the 50SMA acted as a minor resistance. 
Bollinger Bands contracted sharply around 12:00–15:00 ET, followed by a breakout as volatility increased. The afternoon saw a large volume spike of 10.8 million STRK during the $0.0803–$0.0811 range, supporting the consolidation phase. Divergence in volume and price appeared in late evening, suggesting possible hesitation among buyers.
The 61.8% Fibonacci retrace of the $0.0792–$0.0867 swing was at $0.0834, closely aligning with the price action in the final hours. This suggests the market may consolidate near this level before testing key resistance above $0.0842.
The pair appears to be in a transitional phase, with mixed signals between volume and momentum. A retest of $0.0811 could trigger further selling pressure, but strong volume near that level may suggest support is holding. Investors should closely monitor the 20SMA and RSI levels for confirmation of the next directional move.
Decoding market patterns and unlocking profitable trading strategies in the crypto space
Daily stocks & crypto headlines, free to your inbox
Comments
No comments yet