STGUSDT Market Overview: Stargate Finance/Tether 24-Hour Candlestick Summary

• Price surged from 0.1639 to 0.1736, reaching a 24-hour high.
• Momentum shifted after 19:45 ET with a consolidation phase.
• Total volume hit 14.8M, but turnover dropped mid-day due to lower volatility.
• RSI overbought conditions emerged near 70, suggesting a pullback risk.
• Bollinger Bands showed a strong expansion, confirming high volatility.

Stargate Finance/Tether (STGUSDT) opened at 0.1639 on 2025-09-17 at 12:00 ET, reached a high of 0.1736, touched a low of 0.1623, and closed at 0.1712 by 12:00 ET on 2025-09-18. Total traded volume amounted to 14.8 million, with notional turnover fluctuating significantly during the peak rally phase. The 24-hour period saw a strong rally followed by consolidation, with notable divergence in volume and price behavior late into the session.

Structure & Formations

The price action displayed a strong bullish bias from 17:00 to 21:00 ET, forming a bullish engulfing pattern around the 19:00–19:15 ET timeframe. Key support levels were evident at 0.1650 and 0.1630, with the 0.1623 level offering a firm floor. A doji candle formed near 0.1722 at 04:30 ET, indicating indecision and a possible short-term reversal. Resistance levels emerged at 0.1715–0.1720 and 0.1730, where buying pressure waned repeatedly.

Moving Averages

The 15-minute 20-period and 50-period moving averages showed a crossover around 19:15 ET, signaling a strong short-term bullish bias. By the end of the 24-hour period, the 20-period MA had pulled above the 50-period MA, remaining in a bullish alignment. Daily moving averages (50/100/200) showed no clear alignment due to the high 15-minute volatility, but the 50 and 100-day MAs remained in a neutral to slightly bullish setup.

MACD & RSI

The MACD turned positive after 17:15 ET, with the histogram showing a strong bullish divergence. The RSI peaked at 72, indicating overbought conditions from 19:45 to 00:15 ET. This overbought condition coincided with a volume peak and a pullback from 0.1736 to 0.1712. A bearish RSI divergence appeared near 0.1727 at 05:30 ET, suggesting a possible short-term correction.

Bollinger Bands

Bollinger Bands saw a significant expansion from 17:15 to 00:15 ET, confirming a volatile phase. Price action consistently stayed near or above the upper band during the rally, reinforcing the strength of the move. A contraction occurred after 05:45 ET, signaling a potential period of consolidation or reversal. At 07:45 ET, the price briefly broke the lower band, suggesting a short-term test of support levels.

Volume & Turnover

Volume spiked dramatically around 19:00 ET, with a candle recording 912,927.1 volume and high volatility. A notable volume divergence occurred as the price pulled back toward 0.1712 in the early morning hours, with volume failing to confirm further bullish movement. The highest notional turnover occurred between 19:00 and 00:15 ET, but it declined significantly after 04:30 ET as the market entered a consolidation phase.

Fibonacci Retracements

Applying Fibonacci to the key 15-minute swing from 0.1623 to 0.1736, the 61.8% retracement level (0.1700) provided a short-term pivot. Price bounced from the 38.2% level (0.1685) in the morning, indicating strong internal support. On the daily chart, the 61.8% retracement of the prior week's move (0.1670) acted as a significant resistance-turned-support zone during the 24-hour period.

Backtest Hypothesis

A potential backtest strategy could focus on the bullish engulfing pattern observed around 19:00 ET. A buy signal could be generated at the close of the engulfing candle, with a stop loss placed at the low of the pattern and a take profit at the nearest Fibonacci resistance (0.1730–0.1736). Additionally, a MACD crossover above zero, coupled with RSI above 50, would strengthen the trade setup. A sell signal may be triggered when RSI exceeds 70 and diverges with price, as seen near 00:15 ET. This strategy would aim to capture the high-momentum phase while managing risk through strict exit parameters.