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STRAX COIN ANALYSIS, 🔥 🔥 ON CURRENT SITUATION 🔥🔥
#CorePCESignalsShift
---$STRAX
🚀 STRAX/USDT Market Analysis – What’s Next?
The STRAX/USDT pair has been active recently, showcasing notable price action. Let’s dive deeper into the current market situation and what traders should look for!
---
Market Overview
🔹 Current Price: $0.07850 (-2.33%)
🔹 24h High: $0.08900
🔹 24h Low: $0.05908
🔹 24h Volume: 1.06B STRAX ($77.22M USDT)
STRAX saw a massive rally to $0.08900 in the past 24 hours but is now facing a slight correction, retracing to $0.07850. The question is whether this is just a consolidation before the next move or a potential reversal.
---
Technical Analysis
Key Support and Resistance Levels
1️⃣ Support Zones:
$0.07320: The first major support, aligned with the mid-term moving average and previous consolidation levels.
$0.07278: A secondary support zone, representing the base for potential retracements. A break below could invite bearish momentum.
2️⃣ Resistance Zones:
$0.07866: Immediate resistance. The price is testing this level, and a breakout here could signal renewed bullish interest.
$0.08900: The 24-hour high. Breaking this would confirm strong upside momentum and could open the door for a test of $0.09000 and beyond.
Moving Averages
The chart displays:
Yellow Line (Short-Term MA): Suggests a strong upward trend for intraday traders.
Blue Line (Medium-Term MA): Indicates the broader trend remains intact, supporting bullish sentiment unless broken.
Volume
Trading activity is robust, with a 24-hour volume of 1.06B STRAX. The elevated volume signals trader interest, even during the correction phase. A surge in volume during price movement can validate trend continuation or reversal.
---
Market Sentiment
STRAX/USDT is experiencing a healthy correction after its sharp rally. While short-term traders might see this as an opportunity to take profits, long-term investors could view pullbacks as potential buying opportunities.
The market remains uncertain, with the price consolidating between key levels. Traders should watch for breakouts above $0.07866 or breakdowns below $0.07320 to determine the next major move.
---
Trading Strategy
Bullish Scenario:
A confirmed breakout above $0.07866 could lead to a test of $0.085 and the 24h high of $0.08900.
A sustained move above $0.08900 would signal strong bullish momentum, with a potential target of $0.095-$0.100.
Bearish Scenario:
If the price fails to hold $0.07320, we could see a move toward $0.070 or even $0.065.
Watch for volume during a breakdown to assess the strength of the selling pressure.
---
Conclusion
STRAX/USDT remains in the spotlight with its recent rally and subsequent consolidation. With high trading volume and a clear set of support/resistance levels, traders have an excellent opportunity to plan their next move.
Key Levels to Watch:
🔸 Resistance: $0.07866 | $0.08900
🔸 Support: $0.07320 | $0.07278
What’s your strategy for STRAX? Are you going long or waiting fo
r a dip? Let us know your thoughts below!
#Crypto #STRAXUSDT #Trading #Binance #MarketUpdate
#BTCNextMove
#USUALBullRun
#ElSalvadorBTCReserve
#USJoblessClaimsFall
---$STRAX
🚀 STRAX/USDT Market Analysis – What’s Next?
The STRAX/USDT pair has been active recently, showcasing notable price action. Let’s dive deeper into the current market situation and what traders should look for!
---
Market Overview
🔹 Current Price: $0.07850 (-2.33%)
🔹 24h High: $0.08900
🔹 24h Low: $0.05908
🔹 24h Volume: 1.06B STRAX ($77.22M USDT)
STRAX saw a massive rally to $0.08900 in the past 24 hours but is now facing a slight correction, retracing to $0.07850. The question is whether this is just a consolidation before the next move or a potential reversal.
---
Technical Analysis
Key Support and Resistance Levels
1️⃣ Support Zones:
$0.07320: The first major support, aligned with the mid-term moving average and previous consolidation levels.
$0.07278: A secondary support zone, representing the base for potential retracements. A break below could invite bearish momentum.
2️⃣ Resistance Zones:
$0.07866: Immediate resistance. The price is testing this level, and a breakout here could signal renewed bullish interest.
$0.08900: The 24-hour high. Breaking this would confirm strong upside momentum and could open the door for a test of $0.09000 and beyond.
Moving Averages
The chart displays:
Yellow Line (Short-Term MA): Suggests a strong upward trend for intraday traders.
Blue Line (Medium-Term MA): Indicates the broader trend remains intact, supporting bullish sentiment unless broken.
Volume
Trading activity is robust, with a 24-hour volume of 1.06B STRAX. The elevated volume signals trader interest, even during the correction phase. A surge in volume during price movement can validate trend continuation or reversal.
---
Market Sentiment
STRAX/USDT is experiencing a healthy correction after its sharp rally. While short-term traders might see this as an opportunity to take profits, long-term investors could view pullbacks as potential buying opportunities.
The market remains uncertain, with the price consolidating between key levels. Traders should watch for breakouts above $0.07866 or breakdowns below $0.07320 to determine the next major move.
---
Trading Strategy
Bullish Scenario:
A confirmed breakout above $0.07866 could lead to a test of $0.085 and the 24h high of $0.08900.
A sustained move above $0.08900 would signal strong bullish momentum, with a potential target of $0.095-$0.100.
Bearish Scenario:
If the price fails to hold $0.07320, we could see a move toward $0.070 or even $0.065.
Watch for volume during a breakdown to assess the strength of the selling pressure.
---
Conclusion
STRAX/USDT remains in the spotlight with its recent rally and subsequent consolidation. With high trading volume and a clear set of support/resistance levels, traders have an excellent opportunity to plan their next move.
Key Levels to Watch:
🔸 Resistance: $0.07866 | $0.08900
🔸 Support: $0.07320 | $0.07278
What’s your strategy for STRAX? Are you going long or waiting fo
r a dip? Let us know your thoughts below!
#Crypto #STRAXUSDT #Trading #Binance #MarketUpdate
#BTCNextMove
#USUALBullRun
#ElSalvadorBTCReserve
#USJoblessClaimsFall
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