$STRAX /USDT Market Analysis and Target Prediction

Current Overview

The $STRAX /USDT pair is showing significant bullish momentum, with a current price of $0.08002, marking a notable increase of +26.25% over the past 24 hours.

Key Trading Metrics

24h High: $0.08567

24h Low: $0.06201

24h Volume (STRAX): 343.80M

24h Volume (USDT): 25.97M

This surge in trading volume reflects strong interest from traders, further supporting the upward momentum.

Technical Indicators

1. Moving Averages:

MA(5): 63,806,592

MA(10): 39,175,062

Short-term averages suggest bullish support with strong buyer interest.

2. MACD Analysis:

DIF: 0.00044

DEA: -0.00090

MACD: 0.00134 (Bullish Crossover)

The positive MACD indicates sustained upward momentum, aligning with increased volumes.

3. RSI (6): 80.32

The RSI suggests that the asset is currently overbought. While this confirms bullish sentiment, caution is advised as pullbacks may occur in the short term.

Support and Resistance Levels

Immediate Support: $0.06950 (Strong buy zone in case of corrections)

Immediate Resistance: $0.08567 (24h high, key breakout point)

Next Resistance Target: $0.09000 - $0.09500 (if bullish momentum continues)

Market Depth

Sell Wall: $0.08686

Buy Wall: $0.06950

The depth chart shows stronger buy-side liquidity, indicating robust support below current levels.

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Price Target and Strategy

Short-Term Target: $0.08500 - $0.09000

Medium-Term Target: $0.10000 (if bullish momentum sustains and BTC remains stable)

Risk Level: High, due to overbought RSI.

Trading Strategy:

For Bulls: Consider entering at pullbacks near $0.07500 - $0.07800 to ride the upward momentum towards $0.09000.

Conclusion

$STRAX /USDT is showing bullish momentum with potential for further upside. Traders should monitor the $0.08500 level closely for a breakout or rejection. As always, risk management is key in volatile markets.

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