Market Overview for Storj/Tether (STORJUSDT) as of 2025-11-12

• Price action shows a bearish trend with key resistance near 0.175 and support at 0.1665.
• RSI is neutral, but volume confirms bearish momentum from early morning lows.
• Volatility expanded during the session, with a 1.88% swing in the 24-hour range.

Storj/Tether (STORJUSDT) opened at 0.1765 on 2025-11-11 at 12:00 ET and closed at 0.1733 on 2025-11-12 at 12:00 ET, with a high of 0.1776 and a low of 0.166. The 24-hour session recorded a total volume of 10,772,754 and notional turnover of approximately $1,871,360. The price action reflects bearish pressure, particularly in the early morning hours, with a partial recovery in the afternoon.

Structure & Formations

The session witnessed a bearish breakout below a key support level at 0.1705, which previously acted as a floor during the morning hours. A bearish engulfing pattern formed between 19:45 and 20:15 ET on the 15-minute chart, confirming a shift in sentiment. Resistance appears to be consolidating near 0.174–0.175, while the immediate support level is at 0.168–0.169, with the 0.166 level acting as a deeper safety point.

Moving Averages

On the 15-minute chart, price closed below the 20-period and 50-period moving averages, signaling bearish momentum. The 50-period line is trending downward, supporting a continuation of the bearish trend. On the daily chart, the 50/100/200-period SMAs are all in a bearish alignment, suggesting a lack of immediate short-term support.

MACD & RSI

The MACD crossed into negative territory in the early morning, confirming bearish momentum. The RSI has remained between 30–50 for most of the session, suggesting neutral to weak momentum. A bearish divergence appeared between 19:30 and 20:30 ET, where price made a lower low while RSI did not, hinting at potential further downside.

Bollinger Bands

The Bollinger Bands showed a moderate expansion during the session, particularly between 19:30 and 20:30 ET, as volatility increased. Price closed near the lower band at 0.1733, which may offer near-term support. A reversal from this area could suggest a short-term rebound, though bearish bias remains intact.

Volume & Turnover

Volume spiked during the morning sell-off, particularly between 19:45 and 20:15 ET, where price dropped from 0.1719 to 0.1675. The volume-to-price correlation was strong during this phase, confirming the bearish move. A divergence occurred in the late afternoon, where volume declined while price attempted a small rebound, indicating weak conviction in the bullish move.

Fibonacci Retracements

On the 15-minute chart, the 0.168–0.174 swing shows a 61.8% retracement near 0.1706, which has held as a key support level. On the daily chart, the 0.166 level is a 38.2% retracement of the recent 0.177–0.1665 swing and may act as a temporary floor.

Backtest Hypothesis

To validate the bearish signal observed during the session, a backtest using the Bearish Engulfing pattern could be implemented on STORJUSDT using daily data from 2022 to 2025. The strategy would trigger a short signal upon confirmation of the pattern, with a fixed 5-day holding period to measure returns. This approach would align with the current bearish momentum and test whether the pattern reliably identifies short-term price reversals. The results could help assess the robustness of the current bearish bias and guide further position sizing or risk management decisions.