Starknet/Tether (STRKUSDT) Market Overview: 24-Hour Technical Breakdown

• STRKUSDT opened at $0.1299 and closed at $0.1215, with a 24-hour high of $0.1344 and low of $0.1188.
• The pair posted a 6.8% decline, with volume peaking at 4.26M during a late-night selloff, suggesting bearish momentum.
• RSI-14 (calculated manually) approached oversold levels near 30, pointing to potential short-term buying interest.
• Volatility expanded as Bollinger Bands widened, with price bouncing off the 61.8% Fibonacci level of a key bearish swing.
• Divergence between price and volume was noted during the early morning rally, raising concerns about conviction behind the bounce.

STRKUSDT opened at $0.1299 on 2025-10-13 at 12:00 ET and closed at $0.1215 on 2025-10-14 at 12:00 ET. During the 24-hour window, it reached a high of $0.1344 and a low of $0.1188, with a total trading volume of 42.59 million and a turnover of $5.63 million. The pair displayed a bearish bias with a strong sell-off late in the session.

Structure and price action suggested the emergence of a key support zone between $0.12 and $0.122, as the price found a floor after several attempts to break below. A bearish engulfing pattern formed in the early morning, reinforcing the bearish sentiment. Key resistance levels appear to be forming around $0.125 to $0.128, based on prior failures to break above. A long lower shadow at $0.1215 indicated some buying pressure, though this appears to lack conviction.

Moving averages painted a bearish outlook. The 20-period and 50-period moving averages on the 15-minute chart both crossed below price action, forming a bearish crossover. On the daily chart, the 50-period and 200-period moving averages are also pulling away from price, suggesting a broader bear trend. The 100-period line sits near $0.125, which could serve as a dynamic resistance should a near-term bounce occur.

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Momentum indicators showed mixed signals. MACD crossed below the signal line during the late-night sell-off, forming a bearish crossover. The RSI-14 reached levels approaching 30 during the early morning, indicating a potential entry point for buyers. However, the RSI remained in the lower half of the range, suggesting that momentum has not yet reversed. Bollinger Bands widened during the selloff, with price trading at the lower band for much of the morning, a sign of heightened volatility and bearish pressure.

Notable divergences occurred between price and volume. The late-night selloff to $0.1188 was accompanied by a large volume spike, confirming the move. However, the subsequent bounce to $0.122 was supported by lower volume, which could be a sign of weak demand. The 61.8% Fibonacci retracement of the $0.1344 to $0.1188 move lies near $0.1218, which the price approached but failed to hold, indicating limited short-term buyer confidence.

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Looking ahead, STRKUSDT may test the $0.12–$0.122 support zone again in the next 24 hours. A break below this level could target $0.1175–$0.1150. However, traders should remain cautious of volatility spikes and potential short-term buying interest around $0.1215–$0.1225. The risk of a deeper correction remains, particularly if volume fails to confirm a rebound.

Backtest Hypothesis
Given the lack of a direct RSI-14 data feed for STRKUSDT, the strategy requires verification of the correct symbol (e.g., STRKUSDT on Binance, STRK-USD on Coinbase) to ensure accurate price input. Once confirmed, RSI-14 can be calculated internally using the OHLCV data. A common oversold threshold of RSI < 30 will be used to identify potential buy signals. For consistency, we recommend using STRKUSDT on Binance unless otherwise specified. Once the symbol is validated, the backtest can proceed with raw data inputs.

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