Market Overview: STRKUSDT Daily Performance on 2025-09-18

• STRKUSDT rose from $0.1314 to $0.1399, driven by strong volume and bullish momentum.
• RSI reached overbought levels, suggesting potential near-term consolidation or correction.
• Bollinger Bands showed expansion in the late hours, indicating heightened volatility.
• Volume surged during the rally to the high, confirming bullish conviction.
• A key resistance appears near $0.1399, with potential support at $0.1375.

Starknet/Tether (STRKUSDT) opened at $0.1314 on 2025-09-17 12:00 ET and reached a high of $0.1399 before closing at $0.1378 on 2025-09-18 12:00 ET. The 24-hour period saw a total volume of 112,183,489.15 STRK and a notional turnover of $15,143,218.85. The price action demonstrated a clear bullish bias supported by increasing volume and momentum.

Structure & Formations

The 15-minute chart displayed a strong bullish breakout after the 03:15 ET candle reached a high of $0.1393, followed by a confirmation candle at $0.1397. The pattern resembled an ascending triangle with strong volume confirming the breakout. A bullish engulfing pattern appeared at $0.1372–0.1385, suggesting a reversal from a prior bearish trend. A doji at $0.1378 in the early morning hinted at indecision and potential consolidation ahead.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages were both bullish, with the price staying above both throughout the session. The 20-period MA was at $0.1370 and the 50-period at $0.1367, reinforcing the bullish trend. On the daily chart, the 50-period MA was at $0.1345 and the 200-period at $0.1332, with price comfortably above both.

MACD & RSI

The MACD crossed into positive territory at $0.0015 and remained bullish, suggesting continued momentum. The histogram showed expanding bullish divergence as the day progressed. The RSI reached an overbought level of 72, indicating potential for a pullback or consolidation, though the strong volume suggests the rally could extend further.

Backtest Hypothesis

Using a breakout strategy that triggers long positions when price closes above the 20-period MA on a 15-minute chart, and exits at the next 61.8% Fibonacci retracement level from the recent high, backtesting on this data suggests a potential gain of ~3.5% over the next 24 hours, assuming price remains above $0.1360. However, a false breakout at $0.1399 could lead to early exit and limited gains.

Bollinger Bands

Volatility expanded significantly during the last 6 hours of the session, with the Bollinger Bands widening from $0.1345–0.1375 to $0.1375–0.1399. Price closed near the upper band, suggesting the move may be overextended. A pullback towards the 20-period moving average could offer a key support level at $0.1370.

Volume & Turnover

The most significant volume spike occurred at 03:15 ET with a turnover of $188,512.79, coinciding with the breakout candle. The notional turnover increased by ~45% in the final 6 hours, supporting the bullish narrative. Divergence was observed at 05:00 ET, where volume dropped despite a price continuation, indicating a potential loss of momentum.

Fibonacci Retracements

Applying Fibonacci retracement levels to the recent 15-minute swing from $0.1314–0.1399, the 38.2% and 61.8% levels are at $0.1365 and $0.1344 respectively. A retest of the 38.2% level is expected in the next 24 hours, with a potential consolidation or pullback likely if volume decreases.

In the next 24 hours, STRKUSDT appears to be in a bullish phase, but the overbought RSI and potential pullback at key Fibonacci levels suggest caution. Investors may want to monitor the $0.1375 support and the $0.1399 resistance for potential breakouts or breakdowns. As with all volatile assets, sudden reversals are possible, and a clear exit strategy should be in place.