Market Overview for Starknet/Tether USDt (STRKUSDT) on 2025-09-06

• STRKUSDT rose from 0.1227 to 0.1248, closing at 0.1231 after a volatile 24-hour session.
• Volume spiked above 656,734 with momentum favoring bullish moves in late ET hours.
• RSI showed overbought conditions in late-night trading, suggesting possible near-term pullback.
• Price traded within expanding Bollinger Bands, indicating increasing volatility.
• Key support seen at 0.1223–0.1225, and resistance at 0.1242–0.1244 over the past 24 hours.

Starknet/Tether USDt (STRKUSDT) opened at 0.1227 on 2025-09-05 12:00 ET and reached an intraday high of 0.1248 by 2025-09-06 00:45 ET, with a low of 0.1223. It closed at 0.1231 as of 2025-09-06 12:00 ET. Total traded volume for the 24-hour window was 6,567,340.04 and notional turnover was 646,690.05 (calculated by multiplying volume by price levels).

Structure & Formations

The 15-minute chart displayed a bullish reversal pattern during the night session, with a strong candle closing near the high and forming a shooting star at 0.1248, followed by a hanging man at 0.1235, suggesting potential consolidation. A doji formed at 0.1234 around 03:45 ET, indicating indecision. Key support was observed at 0.1223–0.1225, and resistance at 0.1242–0.1244, where price paused several times, forming a double top and bullish flag pattern.

Moving Averages

On the 15-minute chart, the 20-period and 50-period EMA crossed over late night, forming a golden cross, signaling a potential short-term bullish trend. The 20 EMA sits at 0.1236, while the 50 EMA is at 0.1233, with price above both, suggesting upward momentum. On the daily chart, the 50-period and 200-period SMA remain separated by ~1.5%, and the 100-period SMA sits in between, forming a bullish alignment.

MACD & RSI

The MACD crossed into positive territory after 00:45 ET and has remained bullish, with the histogram expanding, indicating increasing momentum. The signal line lagged behind, suggesting a potential continuation of the upward trend. RSI moved above 60 into overbought territory after 02:00 ET and briefly peaked at 68, indicating a potential short-term pullback. However, it has since stabilized around 58, suggesting the rally may continue.

Bollinger Bands

Bollinger Bands have been in a widening phase, indicating increasing volatility. The upper band reached 0.1248 at the peak of the 24-hour high, and the lower band dipped to 0.1223, where price found support. Price has spent a significant portion of the session trading within the bands and has touched the upper band multiple times, suggesting a bullish bias with volatility expansion.

Volume & Turnover

Volume surged above 656,734 during the early morning hours, with large bullish candles confirming price movement. Notional turnover also spiked in tandem with volume, indicating strong conviction in the move higher. A divergence was observed between volume and price around 05:45 ET, where price dipped slightly despite relatively high volume, potentially signaling a short-term stall or consolidation period.

Fibonacci Retracements

Applying Fibonacci retracements to the recent 15-minute swing (from 0.1223 to 0.1248) shows that the price currently sits just above the 61.8% retracement level (0.1236) and has bounced off the 50% level (0.1235) multiple times. On the daily chart, the 61.8% retracement from a larger swing (assuming a previous high of 0.1300) would place current levels at 0.1235, aligning with the recent support area. This confluence of levels suggests a possible continuation of the bullish trend if the 50% level is held.

Backtest Hypothesis

A potential backtesting strategy could involve a 15-minute timeframe long bias based on the golden cross and bullish reversal patterns observed late night. The setup would trigger a long entry on the close of the candle that closes above the 50-period EMA and the 20-period EMA, with a stop-loss below the 15-minute low at 0.1223 and a target at 0.1248–0.1250, the upper Bollinger Band and recent resistance. Given the volume confirmation and RSI divergence, this setup could be backtested with a 3:1 risk-to-reward ratio, using historical 15-minute data for STRKUSDT over the past 30 days. This aligns with the observed momentum and volume behavior, making it a viable candidate for further backtesting.