Indicators and Chart Patterns
Moving Average (MA 200):
The price is trading above the 200-period MA (value: $0.4164), indicating a transition to a bullish trend.
This breakout above the MA strengthens the medium-term bullish outlook.
Relative Strength Index (RSI):
RSI is at 64.10, suggesting bullish momentum without entering overbought territory.
There is room for further upside before reaching the overbought zone (70).
Moving Average Convergence Divergence (MACD):
MACD histogram shows a positive reading (+0.0009), reflecting increasing bullish momentum.
Both the MACD and Signal lines are trending upward, further supporting the bullish scenario.
Volume:
Trading volume is at 38.675M, showing significant activity in the market.
The volume increase validates the current breakout and supports further bullish movement.
Support and Resistance Zones
Strong Resistance:
The key resistance level is at $0.6370.
A successful breakout above this level could push the price toward the next target of $0.7000.
Key Support:
Immediate support lies in the $0.4800 - $0.5000 range.
If this support fails, the next level to watch is $0.4500, which coincides with previous consolidation.
STRK/USDT is showing strong bullish momentum, trading above the 200-period MA and supported by increasing volume and positive MACD readings. The next critical level to watch is the resistance at $0.6370. A breakout above this level would confirm further bullish continuation, while $0.5000 serves as the immediate support in case of a pullback.