Market Overview for Stratis/Tether (STRAXUSDT)

Summary
• STRAXUSDT traded in a 0.0181–0.0191 range, with a bearish reversal pattern emerging after 20:00 ET.
• Volatility expanded overnight as price broke below key support at 0.0185, triggering a downward leg.
• Turnover surged during the 07:30–08:30 ET rebound, but failed to confirm a sustainable bullish bias.
• RSI signaled oversold conditions below 30 before a failed rally, highlighting bear dominance.
• Bollinger Band contraction overnight gave way to a widening, reflecting increasing directional bias.

Stratis/Tether (STRAXUSDT) opened at 0.0191 on 2025-12-18 at 12:00 ET, reached a high of 0.0191, and a low of 0.01753 before closing at 0.01878 on 2025-12-19 at 12:00 ET. Total volume amounted to 8,577,209 STRAX, with a notional turnover of approximately $160,000 over 24 hours.

Structure & Formations

STRAXUSDT displayed bearish structure overnight, forming a strong inside bar pattern at 0.0185 before breaking down below key support at 0.0185. A large bearish engulfing pattern at 05:30 ET confirmed downward momentum, while a small bullish rejection at 07:30 ET failed to sustain the rebound.

Moving Averages

On the 5-minute chart, price remained below both the 20 and 50-period moving averages for much of the session, confirming bearish bias. While the 50SMA briefly crossed above the 20SMA during the 07:30 ET rally, the move failed to hold, indicating bear dominance.

Momentum & Relative Strength

The RSI fell below 30 for a period during the overnight leg, signaling oversold conditions. However, the subsequent rally failed to bring RSI above 50, suggesting bearish exhaustion was not complete. MACD showed a bearish crossover and negative histogram, reinforcing the expectation of continued weakness.

Volatility and Bollinger Bands

Bollinger Bands contracted from 00:00 to 04:00 ET, signaling a potential breakout. Price broke down below the lower band at 04:30 ET, marking the start of a volatile leg. The bands then widened, reflecting increased volatility and confirmation of a directional move.

Volume and Turnover

Volume spiked during the overnight breakdown and again during the 07:30–08:30 ET attempt at a rebound. Turnover aligned with the volume spikes, particularly during the 07:30 ET rally, though a divergence appeared as price failed to hold the rebound, signaling possible bear exhaustion.

Fibonacci Retracements

Fibonacci levels identified a key 61.8% retracement at 0.01846 during the overnight decline, which failed to hold. On the 5-minute chart, price tested the 61.8% retracement at 0.01873 twice, failing both attempts to establish a new base.

The market appears to be in a consolidation phase following the breakdown below 0.0185, with the 0.0184–0.0186 range likely to attract attention in the next 24 hours. A break above 0.01875 could trigger a short-term rally, while a retest of 0.0182–0.0183 may consolidate further bearish momentum. Investors should remain cautious of increased volatility and potential liquidity imbalances in thin markets.