Summary
•
formed key support at $0.0226–0.0228 and resistance at $0.0235–0.0236.
• Volume surged during a break below key support, confirming bearish momentum.
• RSI hit oversold territory near 30, suggesting potential for a short-term rebound.
• Bollinger Bands expanded, reflecting increased volatility and a wide price range.
• Price action suggests a possible consolidation phase ahead of the next directional move.
The Stratis/Tether (STRAXUSDT) pair opened at $0.0234 on 2026-01-10 at 12:00 ET, reached a high of $0.02395, a low of $0.0226, and closed at $0.0229 at 2026-01-11 at 12:00 ET. Total volume was 12,446,622 STRAX, and notional turnover amounted to $280,235.
Structure & Key Levels
Price tested support at $0.0226–0.0228 multiple times, with a confirmed break occurring on strong volume. Resistance levels at $0.0235–0.0236 were tested during the early part of the session. A bearish engulfing pattern formed during the sell-off, while a doji near $0.0228 suggested indecision among traders.
Technical Indicators
The 20-period and 50-period moving averages on the 5-minute chart were in a bearish crossover, reinforcing the downward trend. RSI bottomed near 30, indicating oversold conditions and potential for a pullback. MACD showed a bearish crossover with negative momentum.
Volatility and Bollinger Bands
Bollinger Bands expanded significantly during the sell-off, reflecting heightened volatility. Price closed near the lower band, indicating extreme bearishness. A potential bounce could be expected if price retests the lower boundary.
Volume and Turnover
Volume spiked during the breakdown below $0.0228, confirming bearish sentiment. Notional turnover followed volume closely, showing no divergence. The largest volume spike occurred at 2026-01-11 07:15 ET with a turnover of $29,094, coinciding with the sharp decline.
Fibonacci Retracements
Key Fibonacci levels from the recent swing high ($0.02395) to low ($0.0226) suggest 38.2% at $0.0232 and 61.8% at $0.0228. Price is currently near the 61.8% level, which may act as a critical support for a potential rebound.
Price could test the $0.0226–0.0228 support again in the coming 24 hours, but a short-term bounce may occur if the RSI gains momentum. Traders should remain cautious of increased volatility and the potential for a deeper sell-off if key supports break cleanly.
Comments
No comments yet