$STPT The chart shows a clear bullish breakout for the asset.
Key Observations:
• Current Price: 0.05623, with a high at 0.05883.
• Trend: The price has broken above recent consolidation levels, indicating strong buying momentum.
• Moving Averages: The shorter-term moving average (yellow) is above the longer-term moving average (pink), confirming an upward trend.
Outlook:
• The asset is likely to test higher resistance levels if the momentum persists.
• A potential support zone lies around 0.05527 in case of a retracement.
It’s a strong setup for a bullish continuation, but caution is needed for potential pullbacks.
