STXUSDT Market Overview: Volatility Intensifies on Stacks/Tether

Summary
• Price tested key support at $0.357 before rebounding during late ET hours.
• Volume surged over $30,000 at 00:45 ET, coinciding with a sharp pullback.
• RSI and MACD signaled bearish momentum, with RSI hovering near oversold levels by 17:00 ET.
• Bollinger Band contraction observed midday, followed by a 3.5% volatility expansion.
• No decisive reversal patterns, though a bullish engulfing emerged at 19:30 ET after a 1.2% drop.

Stacks/Tether (STXUSDT) opened at $0.3663 on 2026-01-17 at 12:00 ET, reached a high of $0.3686, a low of $0.3541, and closed at $0.3567 on 2026-01-18 at 12:00 ET. Total volume was 1,351,277.9 STX, and notional turnover was $489,885.46.

Structure and Price Action

Price carved a bearish trend with a key support cluster forming around $0.357–0.358. A failed attempt to break above $0.362–0.364 was followed by a 2.8% drop by 01:00 ET. A bullish engulfing candle emerged at $0.362–0.364 after a 1.2% pullback, suggesting possible short-term buying interest, though the move lacks confirmation of a reversal.

Momentum and Indicators

MACD showed bearish divergence with price during the late-night sell-off, while RSI approached oversold levels around 0.357. A minor positive crossover was noted at 09:45 ET, hinting at potential short-covering, but momentum remains subdued overall.

Volatility and Volume

Bollinger Bands narrowed midday before a sharp expansion after 22:45 ET, aligning with a 1.5% move lower. Volume spiked to $30,000 at 00:45 ET, supporting the downward move but showing mixed follow-through. The volume-to-price action suggests uncertainty among traders.

In the next 24 hours, STXUSDT may test $0.357–0.358 again, with a potential bounce to $0.361–0.363 if buyers step in. Investors should be cautious of a breakdown below $0.355 as that could open the door to deeper support at $0.352.