🚀 $STRAX Technical Analysis: Strong Bullish Momentum with Room for Further Gains 📈

The $STRAX /USDT pair has been on a solid rally, showing a +33.03% increase in the last 24 hours, with the price currently sitting at $0.07959. The market has witnessed a strong surge, with the price hitting a high of $0.08900 and a low of $0.05908, signaling significant bullish movement in the market.

Key Levels to Watch:

Resistance Zone: $0.08900 is the key resistance level that traders are watching closely. If $STRAX can break above this, the price could push further toward higher targets.

Support Zone: The current support level is around $0.07959, which is acting as a base for the ongoing rally. A break below this support could trigger a pullback toward lower levels, such as $0.07741 or $0.06399.

Price Action Insights 📊:

STRAX is currently trading near $0.07959, and its bullish momentum remains intact as long as it holds above this support level. With a 24-hour trading volume of 1.06B STRAX and 77.57M USDT, there’s plenty of liquidity to support potential moves. The next test for STRAX will be the $0.08900 resistance—if the price can break through and sustain above this level, we may see a continuation of the upward trend.

Depth and Market Sentiment 📉:

The order book shows a depth bid at $0.07959, with a potential lower support at $0.07741, indicating that the market is looking for a solid foundation at these levels. On the sell-side, $0.08900 and $0.09083 are the primary resistance levels to watch for potential breakout opportunities.

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