Stacks/Tether Market Overview

Summary
• STXUSDT edged lower at close, forming bearish momentum amid mixed volume.
• Price fell below key support at 0.356, with 20SMA showing potential bearish bias.
• Volatility increased during the late ET hours, with RSI hinting at oversold territory.

Stacks/Tether (STXUSDT) opened at $0.3652 on 2025-11-04 12:00 ET, reached a high of $0.3654, a low of $0.3344, and closed at $0.3551 on 2025-11-05 12:00 ET. The 24-hour trading volume was 15.35 million STX, with a notional turnover of $5.43 million.

Structure & Formations

Over the 24-hour period, STXUSDT traded within a consolidating range, forming a key support level at 0.356 and resistance at 0.359. A notable bearish engulfing pattern emerged around 2025-11-04 17:30 ET, followed by a series of lower highs and lower closes. A long lower shadow at 0.342–0.346 (2025-11-04 20:30–21:45 ET) hinted at temporary rejection of lower levels.

Moving Averages

On the 15-minute chart, the 20SMA was below the 50SMA, indicating bearish short-term bias. Both moved downward throughout the session. The price closed below the 20SMA, reinforcing bearish signals. The 50SMA appeared to act as a minor resistance, with the price failing to break above it for the last 8 hours of the period.

MACD & RSI

MACD remained negative throughout the 24 hours, with a bearish crossover occurring around 2025-11-04 20:30 ET. The histogram showed consistent bearish momentum until a minor divergence emerged in the last 3 hours of the period. RSI hit oversold territory (below 30) in the final 45 minutes, suggesting potential for a short-term bounce but not a reversal.

Bollinger Bands

Volatility expanded in the second half of the session as the Bollinger Bands widened, with price bouncing off the lower band twice before the final close. The closing price of 0.3551 was near the lower band, reinforcing bearish sentiment. A contraction in the bands occurred earlier in the session, indicating a consolidation phase before the downward break.

Volume & Turnover

Trading volume surged to a peak of 712,253.7 STX at 2025-11-04 20:30 ET, coinciding with a sharp selloff to 0.3422. The high volume during the selloff confirmed bearish sentiment. However, notional turnover did not match the volume spike, suggesting possible order fragmentation or slippage. Volume declined in the final 3 hours despite the RSI reaching oversold levels, indicating weak follow-through.

Fibonacci Retracements

Applying Fibonacci to the 0.3654–0.3344 swing, price found support at the 61.8% level (0.3461), with the final close of 0.3551 near the 38.2% retracement (0.3507). This suggests that short-term buyers may be active above 0.356, with the 61.8% level appearing to have failed as strong support.

Backtest Hypothesis

Given the failure to retrieve MACD data for the STXUSDT ticker, a backtest using death-cross and golden-cross events is not currently feasible without a fully-qualified ticker or user-provided data. However, the technical indicators observed—namely, a bearish crossover in MACD and price below the 20SMA—suggest that a death-cross scenario is likely unfolding. A backtest using these signals could provide further insight into potential stop-loss and entry points.