Stargate Finance/Tether (STGUSDT) Market Overview

Summary
• STGUSDT surged from 0.1239 to 0.1446 in 24 hours, with high volatility and a sharp volume increase.
• Price reached a 24-hour high of 0.1554, but later corrected, closing at 0.146.
• Notable Bullish Engulfing and Hammer patterns emerged around 0.133–0.136 support.

Price Action and Structure

Stargate Finance/Tether (STGUSDT) opened at 0.1239 on 2025-11-06 at 12:00 ET and closed at 0.1460 on 2025-11-07 at 12:00 ET. During the 24-hour window, the pair traded as high as 0.1554 and as low as 0.1233, reflecting significant intraday volatility. The total trading volume was 32,458,660 and notional turnover was $4,472,272, indicating heightened activity.

A Bullish Engulfing pattern became evident in the early morning hours as price moved from 0.133 to 0.1356, signaling a potential reversal. A Hammer candle later formed at 0.1330, reinforcing the support. The price then tested a key resistance zone between 0.1440 and 0.1460 but failed to break through it decisively.

Moving Averages and Trend Filters

On the 15-minute chart, the 20-period and 50-period SMAs crossed in a bullish manner around 0.1325, supporting the upward thrust. The 50-period SMA currently sits at 0.1440, while the 20-period SMA is at 0.1452, indicating continued momentum. On the daily chart, the 200-period SMA is at 0.1315, and the 100-period SMA is at 0.1360, both below the current price, suggesting a strong medium-term bullish trend.

Momentum and Indicators

The RSI on the 15-minute chart reached 68, indicating overbought conditions, and fell back to 57, showing a potential pullback. The MACD histogram expanded to a high of 0.0040, showing strong bullish momentum, but has since contracted, implying a possible short-term pause in the rally.

Price remained above the upper Bollinger Band for several hours, with a brief contraction in volatility observed in the early morning, which led to a breakout. Currently, STGUSDT is within the middle and upper bands, suggesting a continuation of the bullish phase.

Volume and Turnover Dynamics

The volume surged above 2 million between 06:00 and 08:00 ET on 2025-11-07, aligning with the price surge toward 0.1554. This volume spike confirmed the breakout and showed strong conviction among buyers. However, a volume divergence appeared after 10:00 ET as the price began to pull back, which could signal weakening momentum.

Notional turnover also spiked in line with volume, peaking at $98,000, and has since declined to $65,000, suggesting reduced speculative activity as the pair consolidates.

Fibonacci Retracements and Key Levels

Applying Fibonacci to the key swing from 0.1233 to 0.1554, the 61.8% retracement level is at 0.1416, and the 38.2% level is at 0.1382. Price found support at the 61.8% level before rallying further, indicating strength.

On the daily chart, the 61.8% retracement of a prior correction is at 0.1395, and the 38.2% level is at 0.1330, both of which have shown relevance as price tested and bounced from those areas.

Backtest Hypothesis

The data provided supports a Bullish-Engulfing signal around the 0.133 to 0.136 price zone and a potential Bearish-Engulfing signal as the price tests 0.146 resistance. A backtest using these patterns could offer insights into the strategy’s viability.

To proceed, I require the exact exchange ticker for STG/USDT. For example, STGUSDT_BINANCE or STG/USDT_KUCOIN. Binance is likely the most liquid source for this pair. Once specified, the data service can pull the precise dates for the Bullish-Engulfing pattern entries and Bearish-Engulfing pattern exits from January 2022 to today. This allows testing a “buy on bullish, sell on bearish” strategy.