Starknet/Tether (STRKUSDT) Market Overview

• STRK/USDT dropped 10.8% over 24 hours, closing near key support at 0.176–0.177
• Volatility expanded in early ET hours, with sharp swings from 0.176 to 0.1974
• MACD turned negative, RSI below 40, signaling bearish momentum
• Volume spiked during the 18:00–19:00 ET upswing, but failed to confirm a breakout
• Bollinger Band contraction in early AM ET, followed by price divergence from volume

Starknet/Tether (STRKUSDT) opened at 0.1759 on 2025-10-06 at 12:00 ET and closed at 0.1686 on 2025-10-07 at 12:00 ET, with a high of 0.1974 and low of 0.1686. Total 24-hour volume was 131,602,653.94, and notional turnover reached 18,202,879.49. The pair showed clear bearish control in the final 12–14 hours, with a breakdown from 0.1875–0.1925 resistance.

Structure & Formations

Price formed a bearish engulfing pattern around 0.1925–0.1887 in the early ET hours, followed by a long lower shadow at 0.1802–0.1835. A key support level at 0.176–0.177 held during the final 6 hours, but a bearish reversal doji formed at 0.1764–0.1769 in the 13:00–13:30 ET window. Resistance levels at 0.1815 and 0.1855 repeatedly failed to hold as buyers faded into the close.

Moving Averages

On the 15-minute chart, price fell below the 20-period and 50-period moving averages by 0.18–0.185. On the daily chart, it broke below the 50-period and 100-period averages around 0.178–0.182, aligning with the 200-day MA at 0.177–0.178. This multi-timeframe bearish crossover confirms a shift in trend.

MACD & RSI

The MACD turned negative at 0.18–0.185 and diverged from a midday rally at 0.1925, suggesting momentum waned after a false breakout. RSI fell into oversold territory at 0.1686–0.1692, but a rebound may struggle to confirm unless volume surges. Both indicators point to a bearish phase, though a reversal could form if RSI rebounds above 40 and MACD turns positive.

Bollinger Bands

Volatility expanded between 0.18–0.1925 as the upper band pushed higher. Price then collapsed into a tighter range during the final 12 hours, with the lower band at 0.175–0.176 acting as a short-term floor. The recent contraction suggests a potential reversal, but bears may extend the range further should volume remain weak.

Volume & Turnover

Volume surged between 18:00–19:00 ET during the failed attempt to break 0.1974–0.1887. Turnover spiked at 18:30 ET (0.1907–0.1883) and again at 20:30 ET (0.1847–0.1809). Despite volume peaks, price failed to hold above 0.1875, and the final hours showed a consistent volume decay, which aligns with a bearish exhaustion pattern.

Fibonacci Retracements

A key 61.8% retracement level at 0.1815–0.182 failed as resistance, while the 38.2% level at 0.1767–0.1773 held as support during the final hours. On the daily chart, a 61.8% retracement of the 0.178–0.1974 swing sits near 0.1855, which could act as a re-entry zone for bears if price rebounds.

Backtest Hypothesis

A potential backtest strategy could focus on a 15-minute RSI divergence below 40 paired with a breakdown of the 20-period MA. Entry would trigger upon a close below the 0.176–0.177 support level, with a stop-loss at 0.1775 and a first target at 0.172–0.174. This setup leverages both momentum and volume decay as confirmation signals for a short-biased trade.