Market Overview for Stratis/Tether (STRAXUSDT)

Summary
• Price broke key resistance at $0.01925 with bullish momentum.
• Volume surged during the final 4.5 hours, confirming strength.
• RSI suggests overbought conditions, hinting at potential pullback.
• Bollinger Bands expanded sharply after early consolidation.
• Bearish divergence in turnover raises caution as price rises.

At 12:00 ET on 2025-12-21, Stratis/Tether (STRAXUSDT) opened at $0.01918, reached a high of $0.02110, a low of $0.01911, and closed at $0.01974. The 24-hour volume totaled ~103,932,200 STRAX with a turnover of ~$2,049,000.

Structure & Formations

Price broke above the $0.01925 resistance with strong follow-through buying, forming a bullish breakout pattern. A large bullish engulfing pattern was visible at the start of the 24-hour period, confirming a shift in sentiment. Key support levels were reinforced at $0.01917 and $0.01911, with price bouncing from these areas before rallying. A bearish doji appeared at the top of the final 5-minute candle, suggesting potential exhaustion.

Moving Averages

The 20-period and 50-period moving averages on the 5-minute chart converged above the price, reinforcing the bullish bias. On the daily chart, the 50-period MA remained below the 100-period and 200-period MAs, indicating a longer-term bearish trend amid short-term strength.

Momentum Indicators

The MACD crossed above the signal line late in the session, signaling a momentum shift to the upside. RSI pushed into overbought territory (above 70), raising the risk of a pullback or consolidation in the near term.

Volatility and Bollinger Bands

Volatility expanded significantly after a period of tight consolidation, as Bollinger Bands widened and price moved from the lower band to nearly the upper band. This suggests a potential reversal or pause may occur as price reaches the top of the band.

Volume and Turnover

Volume spiked sharply from 04:45 ET onward, peaking with the session’s highest volume at 06:15 ET. Turnover increased in line with price gains, confirming the strength of the rally. However, a slight bearish divergence was noted in the last hour, where volume declined despite higher prices, suggesting growing uncertainty.

Fibonacci Retracements

On the 5-minute chart, the key Fibonacci levels were 0.01936 (38.2%) and 0.01951 (61.8%), both of which were tested and broken, with price currently consolidating near the 78.6% level. On the daily chart, the 61.8% level remains a potential near-term resistance target.

Price may continue its upward trajectory in the short term, with a probable test of $0.01985–$0.02000. However, traders should remain cautious as overbought conditions and divergences may invite profit-taking or correction in the next 24 hours.