The price of StormX has pumped by more than 40% in the past 48 hours. This rapid increase has brought some attention to the token.
The spike was triggered by a breakout from a descending trendline that had been a resistance to price since March.
Next Big Airdrop?
Notcoin airdrop on Telegram made millions to people. Don’t miss out on the next TG airdrop by the same team – Dogs on Ton!
Show more +Show less –
STMX price closed above the trendline 2 days ago, and this brought a lot of buy pressure that spiked the price up.
This rush to push the price up could have been motivated by the project’s reputation of being one of the first global crypto-based solutions to get launched.
Read Also: Optimism (OP) Looks Ready for 3x Spike as Key Level Holds; ONDO Price Could Reverse at This Strong Support
Following the breakout from the descending trendline. The price broke out of price resistance at $0.006961. The price has also retested that point as support and is now aiming for the next major resistance at around $0.0082.
If that resistance breaks, then we could see another spike to $0.0088. The value of RSI is currently 80, which means it is overbought. We could see the price retrace back to the support at around $0.006961 before it continues.
Captain just hit his first 100x among a lot 2-5xs. Want to be a part of a profitable community?Get all our future calls by joining our FREE Telegram group.
Check $RECQ Meme Coin Sponsored: Invest Responsibly, Do Your Own Research. Buy RECQ Today Serves as the base currency for all transactions within the Rebel Satoshi platform ICO stage, offering tokens at a discounted price Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions. Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade, Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
The post Why Is StormX (STMX) Crypto Price Pumping? Here Are the Next Key Levels appeared first on CaptainAltcoin.
