Starknet/Tether (STRKUSDT) Market Overview

Summary
• STRKUSDT surged 28.5% in the last 24 hours, with a notable bearish reversal in the final 6 hours.
• RSI showed overbought conditions, while volume spiked 3.8x during the rally.
• Key support at 0.1860 and resistance at 0.2045 were tested multiple times.

Starknet/Tether (STRKUSDT) opened at $0.1477 on 2025-11-09 at 12:00 ET and closed at $0.1831 on 2025-11-10 at 12:00 ET. The high was $0.2177, while the low reached $0.1443. The total 24-hour trading volume was 134,166,620.99, and notional turnover (volume × price) was approximately $23,139,471.52.

Structure & Formations

The past 24 hours witnessed a sharp rally from the 0.1443 level to a high of 0.2177 before consolidating near 0.1831. A bearish engulfing pattern emerged at the 0.2142 high, suggesting exhaustion in the bullish momentum. A bullish piercing pattern followed at 0.1926, reinforcing the 0.1860 support. Notable resistance levels at 0.2045 and 0.2112 were tested and rejected, while key support stood at 0.1860 and 0.1754.

Moving Averages and MACD/RSI

On the 15-minute chart, the price closed above both the 20-EMA and 50-EMA at the 0.1831 level, indicating short-term bullish bias. However, the MACD showed a bearish crossover on the final 3 hours, with a negative divergence in the histogram. The 14-period RSI rose into overbought territory (above 75) at the peak of the rally, hinting at a potential reversal. Daily moving averages (50, 100, and 200) remain in a bullish alignment, though with signs of fatigue.

Bollinger Bands and Fibonacci Levels

The price moved within a sharply expanding Bollinger Band envelope, reaching the upper band at 0.2177. Volatility has increased significantly from a contraction observed on 2025-11-08. On the 15-minute chart, the 0.1831 close sits at the 61.8% Fibonacci retracement of the 0.1443–0.2177 swing. Daily Fibonacci levels suggest 0.2050 (61.8%) as a potential resistance if the rally continues, with 0.1754 (38.2%) as a likely support zone.

Volume and Turnover

Volume spiked during the rally, especially in the 03:00–05:00 ET window, with a notional turnover of $7.1 million in just 3 hours. Turnover dropped in the final 4 hours despite continued price action, suggesting profit-taking and reduced conviction among traders. A divergence between rising price and declining turnover in the 05:00–12:00 ET period raised questions about the sustainability of the bullish move.

Backtest Hypothesis

A backtest of a “Bearish Engulf Short 3-Day” strategy on STRK over 2022–2025 showed that shorting after bearish engulfing patterns was largely unprofitable. The high volatility and frequent reversals within the 3-day window caused many trades to turn negative. The strategy faced a maximum drawdown of -88%, highlighting the risks of using a fixed holding period without additional filters. To improve reliability, incorporating overbought RSI conditions or key resistance-level confirmations may help filter higher-probability setups.

The forward-looking view suggests that STRKUSDT may consolidate within the 0.1754–0.2045 range over the next 24 hours, with a cautious bias toward support testing due to overbought RSI and bearish divergence in the MACD. Traders should remain wary of large volatility swings and consider stop-loss levels near 0.1754 to mitigate risk.