Technical Analysis of $STPT

/USDT:

Current Price: $0.04684

Price Trend: The price shows a positive momentum (+2.07%) in the past 24 hours, indicating upward movement.

Support Zone: Around $0.0455 (Buy Orders).

Resistance Zone: The 24h high of $0.04858 acts as a potential resistance.

RSI: Near neutral, suggesting the market could be indecisive and prone to short-term fluctuations.

Volume: The 24h trading volume indicates steady participation, which aligns with the slight upward momentum.

Trade Signal:

Action: Bullish (Buying opportunity) with careful monitoring for potential pullbacks.

Target Levels 🎯 (Buy and Hold):

1. Target 1 (Short Term): $0.0480 – Aim for initial profit-taking if the price approaches resistance.

2. Target 2 (Medium Term): $0.0486 – Potential break of resistance level, further profit-taking.

3. Target 3 (Long Term): $0.0500 – Strong psychological resistance level. Secure profits or consider scaling out.

Trade Momentum:

The momentum is positive (+2.07%) in the past 24 hours, showing moderate upward pressure, but risk remains due to potential price reversals.

Trade volume remains adequate, signaling sustained market interest and potential further upside.

Monitor for any pullback near $0.0455, which could present a good entry point again if the price retraces.

#BTCNextMove #USUALAnalysis #ElSalvadorBTCReserve #BinanceAlphaAlert