Technical Analysis: $STRAX 🤑💰🔥💯

/USDT – A Close Look at the Current Trend

The STRAX/USDT pair has been gaining momentum, currently trading at $0.08759, up by 11.18% in the last 24 hours. After testing the 24-hour high of $0.09400, the price has experienced a slight dip of -0.43% in the past hour, showing signs of consolidation.

Key Levels:

24h High: $0.09400

24h Low: $0.07254

Current Price: $0.08759

Support and Resistance:

Support: $0.08500 (near-term)

Resistance: $0.09000 (possible breakout level)

1-Hour Chart:

The STRAX/USDT pair has experienced a minor pullback within the $0.08500–$0.09000 range. Watch for a potential bounce off support around $0.08500, which could lead to a retest of the resistance zone near $0.09000. A breakout above $0.09000 may signal further bullish momentum.

Trading Volume:

24h Volume (STRAX): 349.83M

24h Volume (USDT): 29.18M

This healthy volume reflects solid market participation, which may support continued price action in the bullish direction if buying pressure intensifies.

Conclusion:

STRAX/USDT shows promising potential with the recent upward movement. However, traders should stay cautious of potential short-term fluctuations. Keep an eye on key support and resistance levels for potential entry and exit points.

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