Starknet/Tether (STRKUSDT) Market Overview

• Price declined from $0.1382 to $0.1341, with oversold RSI and high volume near support levels.
• Volatility expanded in the late ET session, pushing price below key 15-min and daily moving averages.
• A bullish engulfing pattern appeared near $0.1341 but failed to confirm; bearish momentum remains strong.
• Notional turnover surged in the 0400–0500 ET window, aligning with the 1341 low, suggesting possible accumulation.
• Bollinger Bands widened in the final 5 hours, signaling increased uncertainty and a possible trend continuation.

Starknet/Tether (STRKUSDT) opened at $0.1379 on 2025-09-13 at 12:00 ET, reached a high of $0.1385, and closed at $0.1341 on 2025-09-14 at 12:00 ET, with a low of $0.1341. Total volume over the 24-hour window was 29,791,853.17, and notional turnover was $3,948,926.25.

Structure & Formations

Price formed a bearish descending triangle on the 15-min chart, with resistance near $0.1382 and support at $0.1344–$0.1341. A bullish engulfing pattern developed at the 0400–0500 ET window near $0.1341 but failed to close above the prior candle high, suggesting bears regained control. A long lower shadow on the $0.1341 candle indicates rejection at support, and a possible test of $0.1339 may follow.

Moving Averages

On the 15-min chart, price closed below the 20SMA at $0.1367 and the 50SMA at $0.1372, confirming bearish bias. On the daily chart, price remained below the 50DMA, 100DMA, and 200DMA, all in the $0.1370–$0.1375 range, with no near-term upside bias.

MACD & RSI

The 15-min MACD turned negative late in the session, with a bearish crossover below the signal line. RSI dipped to 25–28 in the final 3 hours, indicating oversold conditions. However, the failure to rally above 50 suggests further downside is likely.

Bollinger Bands

Bollinger Bands expanded during the 0400–0500 ET window, with price trading near the lower band at $0.1341. This expansion increased volatility and suggests that traders are bracing for a potential reversal or continuation.

Volume & Turnover

Notional turnover surged during the 0400–0500 ET window, reaching over $630,000 in the candle that closed at $0.1341. This high-volume move at a key support level may indicate accumulation or a short-term bottom. However, divergence between volume and price suggests caution: volume was relatively low in the earlier bearish candles, indicating a lack of conviction in the move lower.

Fibonacci Retracements

Applying Fibonacci to the $0.1385–$0.1341 swing, the 38.2% retracement sits at $0.1364 and the 61.8% at $0.1374. Price may find resistance at $0.1364 in the next 24 hours. A break above $0.1374 could trigger a test of $0.1378–$0.1380. On the daily chart, the 50% retracement of a larger $0.1385–$0.1341 move aligns with the 50DMA and could act as a pivot point.

Backtest Hypothesis

Given the bearish divergence in RSI and the failure of the bullish engulfing pattern, a potential short-term sell signal emerges. A backtest strategy could target a short entry at the close of the $0.1341 candle, with a stop above $0.1355 and a target at $0.1339. This approach aligns with the bearish structure on the 15-min chart and would require a trailing stop if price reverses and tests $0.1364.