$STRAX /USDT has experienced a 10.29% increase over the past 24 hours, showing strong momentum in the market. Letโs dive into the key technical levels and insights for STRAX/USDT.
๐ Current Price: $0.08305
๐ 24h High: $0.09379 | 24h Low: $0.07208
๐ฅ 24h Volume:
$STRAX : 475.75M
USDT: 38.47M
Key Support and Resistance Levels:
Resistance:
$0.09510 โ This is a critical resistance level. If price breaks above this, we could see further gains toward the next resistance at $0.09379.
$0.09379 โ A short-term resistance level. Watch for a breakout above this to confirm a bullish continuation.
Support:
$0.08305 โ The current price level is providing solid support for the uptrend.
$0.08553 โ A potential area for price consolidation before moving higher.
$0.07595 โ A lower support zone that could act as a rebound point if the price experiences a deeper pullback.
$0.06638 โ A critical support level in case of significant downward movement.
Market Structure:
STRAX/USDT has been trending upward, and the recent breakout above the $0.07208 low suggests a potential move toward $0.09379 or higher.
A successful breakout above $0.09379 could see price testing the $0.09510 resistance, confirming the bullish trend.
If the price pulls back, $0.08305 and $0.07595 are the support levels to watch for potential buying opportunities.
Volume Analysis:
With a 24-hour volume of 475.75M STRAX and 38.47M USDT, there is strong market activity supporting the uptrend. Increased volume at resistance levels will confirm the strength of the bullish move.
Conclusion:
STRAX/USDT is in a bullish trend with strong resistance levels at $0.09379 and $0.09510. Traders should watch for a breakout above these levels for further gains. Key support levels at $0.08305 and $0.07595 will be important to monitor for potential pullbacks.
Adjust your trading strategy based on price action and market dynamics.