$STG Update
Liquidation Alert: $2.0108K liquidated at $0.51772.
Overview: Stargate Finance ($STG) is a token powering a cross-chain liquidity protocol.
It's used for bridging assets and facilitating decentralized finance (DeFi) operations.
Next Move Prediction
Trend: $STG is currently volatile due to increased liquidations, signaling aggressive selling pressure.
Expectations: If the price remains below $0.52, it could test lower levels.
However, if buyers step in, a reversal towards resistance might occur.
Support and Resistance
Support: $0.50 (Critical level to watch)
Resistance: $0.55 (First barrier for recovery)
Action Plan
Buy: Only if $STG stabilizes above $0.55 with strong buying volume.
Sell: If the price breaks below $0.50, expect further downside.
Caution: Monitor volume and overall market sentiment before making a move.
Stay alert, as the market appears unstable right now.