Market Overview for Starknet/Tether USDt (STRKUSDT) on 2025-09-10

• Starknet/Tether (STRKUSDT) rose from 0.1289 to 0.1347 on strong volume and momentum in the last 24 hours.
• Price formed a bullish engulfing pattern near 0.1300, followed by a strong breakout above 0.1335 with high conviction.
• Volatility increased significantly in the late hours of the cycle, with Bollinger Bands widening, signaling elevated activity.
• RSI hit overbought territory above 65, suggesting caution, though volume supported the upward thrust.
• Turnover surged past $23.8M, with STRKUSDT showing resilience amid broader crypto market uncertainty.

Starknet/Tether (STRKUSDT) opened at 0.1289 on 2025-09-09 12:00 ET and closed at 0.1312 at 12:00 ET on 2025-09-10. The pair reached a high of 0.1347 and a low of 0.1276, with total volume of 179,515,990.95 and turnover of $23,813,523.18 over 24 hours. A strong upward move in the last 24 hours indicates growing interest in STRKUSDT, especially after the 20:00 ET breakout.

Structure & Formations

Key support levels identified over the past 24 hours include 0.1292, 0.1282, and 0.1276, where STRKUSDT paused before resuming upward. Resistance levels at 0.1305, 0.1315, and 0.1335 were tested multiple times, with the final breakout above 0.1335 confirming bullish momentum. The candlestick pattern on the 15-minute chart around 20:00 ET showed a bullish engulfing formation, indicating a shift in sentiment from bearish to bullish. A doji at 18:45 ET also signaled indecision before the upward surge began.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed into positive territory around 21:30 ET, signaling a short-term bullish bias. By the end of the 24-hour window, the price was trading above both moving averages, which is a sign of a confirmed uptrend in the short-term. On the daily chart, the 50, 100, and 200-period moving averages were all in positive alignment, reinforcing the idea that the broader trend is supportive of further upside.

MACD & RSI

The MACD line remained above the signal line for much of the 24-hour period, especially after 21:30 ET, indicating strong bullish momentum. A histogram expansion was observed between 21:00 and 22:30 ET, reinforcing the strength of the move. RSI reached 68 by the final candle of the cycle and briefly hit 73, suggesting the pair may be approaching overbought territory. While this could hint at a short-term pullback, the strong volume and conviction suggest the bullish bias is still intact.

Bollinger Bands

Bollinger Bands showed a contraction early in the cycle, with price tightening around the midline before a significant expansion began around 21:30 ET. This suggests a period of consolidation prior to a breakout. By 02:00 ET on 2025-09-10, STRKUSDT had moved well above the upper band, indicating strong volatility and bullish momentum. The price remained above the band for most of the trading window, signaling a high conviction move.

Volume & Turnover

Volume surged sharply in the last 6 hours of the cycle, with a peak of 1.34 million at 13:30 ET when STRKUSDT hit 0.1347. This was the highest volume spike of the 24-hour period. Notional turnover also increased significantly, with the pair experiencing a sharp rise in turnover from $750K to over $1.4 million in the 13:15–14:15 ET window. The volume and price action aligned well, providing confirmation for the bullish move rather than divergence.

Fibonacci Retracements

Fibonacci retracement levels were tested multiple times throughout the 24-hour window. The key 0.618 (0.1315) and 0.382 (0.1303) levels acted as support and consolidation zones before the final breakout. The 0.1335 level, which corresponds to a 78.6% retracement, was a critical breakout point. Price action after the 0.1335 level suggests a possible target at 0.1355–0.136, based on the 123% extension of the swing.

Backtest Hypothesis

The bullish engulfing pattern and strong volume at 20:00 ET can serve as the basis for a backtesting strategy. A potential rule-based approach could involve entering long at the close of the engulfing candle, with a stop loss just below the prior swing low at 0.1292 and a take profit at 0.1335 and 0.1360. The strategy would benefit from filtering entries based on RSI levels (e.g., RSI > 50) and volume confirmation (e.g., volume > 500,000). The 24-hour move validates the pattern as a high-probability setup, especially in the context of rising volatility and momentum.