STG/USDT K-line technical analysis

STG/USDT may fluctuate around $0.376 in the short term, with certain resistance and support. The mid- to long-term trend is relatively weak, and we need to pay attention to changes in trading volume and market momentum.

moving average

The short-term moving averages (MA(5) and MA(7)) show price resistance near $0.4018 and $0.4083. The medium-term moving averages (MA(14), MA(48), and MA(72)) are relatively close, indicating support near $0.4663 to $0.5149. The long-term moving average (MA(144)) shows a weaker long-term trend, currently around $0.6019.

Volume

Judging from the trading volume histogram below the chart, the trading volume in each time period changes significantly. Particularly around the time the price reached a high of $0.8956, volume increased significantly, showing significant buying and selling activity at the highs. This usually means that a lot of investors took profits at high prices, causing the price to fall back later.

MACD indicator

The MACD indicator is a commonly used trend following indicator that helps us determine market momentum. The DIF line and DEA line in the figure are currently hovering in the negative range, and the MACD histogram shows negative changes, indicating that the market momentum is weak and there is currently no obvious long or short trend.