📊$STRAX

STRAX/USDT Technical Analysis – 3 Targets to Watch 🎯

Current Price: $0.07545

24h Change: -13.76%

Volume (24h): 368.63M STRAX

Market Overview:

STRAX is trading near its 24-hour low of $0.07458, reflecting bearish sentiment in the short term. However, the market’s strong volume indicates active participation, suggesting potential opportunities for traders.

Key Levels to Watch

1. Resistance Zone 1: $0.08300 🎯

Aligns with the 25-day Moving Average (MA).

Breaking this level could signal a shift in momentum and attract new buyers.

2. Resistance Zone 2: $0.10000 🎯

The 24h high and a psychological resistance level.

Breaching this level could push STRAX into a bullish rally.

3. Support Level: $0.07000 🎯

Near the 99-day Moving Average (MA), indicating a strong long-term support level.

If the price tests this zone, it could be a solid entry point for long-term buyers.

Technical Indicators

Moving Averages:

MA(7): $0.07768 (Immediate Resistance)

MA(25): $0.08393 (Mid-Term Target)

MA(99): $0.07077 (Strong Support)

Trend Analysis:

STRAX is currently in a short-term bearish trend. A breakout above $0.08300 could flip the trend bullish.

Trading Strategy:

Bullish Scenario: If STRAX breaks above $0.083, it could rally toward $0.100.

Bearish Scenario: A drop below $0.070 may signal further downside, making it a potential accumulation zone.

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