Stacks/Tether (STXUSDT) Market Overview

• Stacks/Tether declines to a 24-hour low of $0.3600 amid rising bearish momentum.
• Volatility expands with a 2.5% range, while volume spikes suggest increased selling pressure.
• RSI near 28 signals oversold conditions, but MACD divergence hints at potential bearish continuation.

Price and Volume Activity

Stacks/Tether (STXUSDT) opened at $0.3782 on 2025-11-03 at 12:00 ET and closed at $0.3600 on 2025-11-04 at 12:00 ET. The 24-hour high and low were $0.3856 and $0.3600, respectively, representing a range of 2.5%. Total volume for the period was 6.16 million STX, with a notional turnover of $2.33 million, indicating heightened activity in bearish consolidation.

Structure and Candlestick Patterns

Price action reveals a descending pattern with key support levels forming around $0.3650 and $0.3600. Several bearish engulfing and dark cloud cover patterns appear in the late ET hours, reinforcing the short-term bearish bias. A doji appears near $0.3620, suggesting a potential near-term pause or consolidation.

Moving Averages and Momentum

On the 15-minute chart, STXUSDT is below its 20 and 50-period moving averages, reinforcing bearish momentum. Daily data shows the price beneath the 50, 100, and 200-day averages, aligning with a broader downtrend. The RSI is at 28, indicating oversold conditions, but MACD remains bearish with a negative crossover, hinting at a possible continuation of the decline.

Volatility and Fibonacci Levels

Bollinger Bands show a recent widening, suggesting increasing volatility. Price is currently trading near the 61.8% Fibonacci retracement level of the recent $0.3600–$0.3856 move, a critical psychological level that could see either a bounce or a breakdown. Divergence between price and volume in the final 12 hours suggests a mixed short-term outlook.

Backtest Hypothesis

Given the observed bearish momentum and oversold RSI, a backtest hypothesis could focus on short-side entries following a confirmed MACD death cross and a close below key Fibonacci levels. The strategy would target entries on a break of $0.3600, with a stop just above $0.3650 and a target near $0.3500. This approach would need historical STXUSDT data to validate effectiveness from 2022–2025.