STGUSDT Market Overview for 2025-09-22

• STG/USDT fell sharply after a bearish breakout below key support, reaching a 24-hour low of $0.1548.
• Momentum accelerated lower in early morning ET, with RSI hitting oversold levels, hinting at short-term stabilisation.
• Volatility expanded significantly overnight, driven by a massive volume spike during the 06:15 ET session.
• Bollinger Bands show price remains near the lower band, indicating ongoing bearish pressure.
• Fibonacci retracements suggest potential short-term bounce from the 0.1593–0.1574 range.

Stargate Finance/Tether (STGUSDT) opened at $0.1733 on 2025-09-21 12:00 ET and closed at $0.158 on the following day. The 24-hour low was $0.1548, and the high reached $0.174. Total volume amounted to 5,463,486.0, while notional turnover reached $864,646.9. The asset appears to be in a strong bearish phase amid a sharp correction.

Structure & Formations

Price has broken decisively below a key support level near $0.1715, triggering a cascade of selling pressure. A bearish engulfing pattern formed around 00:45 ET as price collapsed from $0.1711 to $0.1690 on a large volume spike. The 06:15 ET session brought a massive bearish rejection from $0.163 to $0.1596, a move that could mark the start of a new downward trend. A doji formed near $0.1596, suggesting temporary equilibrium, but follow-through selling followed quickly. The immediate support levels at $0.1574–$0.1567 appear critical for near-term stability.

Moving Averages

On the 15-minute chart, the 20 and 50-period SMAs are in a steep downward bias, with price well below both, reinforcing bearish momentum. The 50/100/200-period daily SMAs are also trending lower, with no sign of a bullish crossover. Price is in a clear downtrend with strong alignment between short- and long-term indicators.

MACD & RSI

The MACD line has been in negative territory for most of the 24-hour window, with a bearish divergence forming after the 06:15 ET dive. The signal line crossed the MACD line from above, reinforcing bearish momentum. RSI has reached oversold territory below 30, suggesting potential for a short-term bounce, though not a reversal.

Bollinger Bands

Bollinger Bands have widened significantly in response to the sharp selloff, indicating rising volatility. Price has tested and closed below the lower band during the early morning session, a bearish sign. A retest of the lower band in the coming 24 hours could indicate renewed bearish conviction or a potential bounce from oversold conditions.

Volume & Turnover

Volume spiked sharply during the 06:15–08:00 ET period, confirming the bearish breakout. The session starting at 06:15 ET alone accounted for over 3 million in volume, with a notional value of $488,900. This confirms strong conviction in the downward move. However, turnover in the 15:00–16:00 ET period also surged, indicating renewed short-covering or accumulation at lower levels. A divergence between volume and price in the next 24 hours may signal a shift in sentiment.

Fibonacci Retracements

Applying Fibonacci retracements to the 06:15 ET swing from $0.163 to $0.1596 shows the 38.2% level at $0.1607 and the 61.8% level at $0.1586. Price has tested the 61.8% level twice in the last 6 hours and is currently consolidating around $0.1580. A break below $0.1574 could trigger the next leg lower to the $0.1567–$0.1563 zone.

Backtest Hypothesis

A potential backtesting strategy could focus on detecting oversold RSI levels (below 30) combined with a bearish engulfing pattern in a clear downtrend. This would trigger a short entry with a stop just above the engulfing pattern’s high. Given the recent RSI bottom and volume confirmation at $0.1596, this setup aligns with the observed price behavior. A trailing stop could be placed at the 38.2% Fibonacci level at $0.1607 to lock in profits if a bounce occurs. This hypothesis could be further validated by testing across similar bearish corrections in STG’s historical data.