STX/USDT : Will Bulls Uphold the Breakout or Face a Setback?

#Stacks #STXUSDT #STX #BinanceSquareFamily

#BullishMomentum

STXUSDT has shown signs of potential bullish momentum after months of downtrend, now testing the upper boundary of a Descending Broadening Wedge. The key support zone at $1.38–$1.51 has provided a solid rebound, but the critical question remains—can the bulls maintain this momentum?

To confirm a bullish breakout, STX must conquer the resistance level at $2.28, which previously served as support. A decisive move above this level, supported by volume and the 20 EMA, could trigger a rally towards higher targets. However, failure to hold momentum could lead to a pullback, testing the support zone again, with further downside risk if the $1.05 level is breached.

Conclusion and Advice :
For a bullish trend to solidify, watch for a break above $2.28 with strong volume. If the price fails to hold, be prepared for a potential pullback, especially if $1.05 is lost. Patience and careful observation are essential for managing this trade. Stay disciplined and monitor key support and resistance levels.