#FedHODL Sure! Here’s a post for Binance as a technical analysis of STRAX/USDT, with insights on three potential price targets:
🔍 $STRAX
{spot}(STRAXUSDT)
/USDT Technical Analysis – Targeting Key Levels 🚀
STRAX/USDT has shown impressive movement recently, with a solid +4.89% rise in the last 24 hours. Currently, trading at $0.06858, the pair is showing positive momentum. Let’s dive into some key levels to watch in the coming days.
📊 Current Market Overview:
Price: $0.06858 (+4.89%)
24h High: $0.06910
24h Low: $0.06473
24h Volume (ST): 20.02M STRAX
24h Volume (USDT): 1.36M USDT
📉 Key Moving Averages:
MA(7): 0.06863
MA(25): 0.06858
MA(99): 0.06751
These averages suggest stable support around the $0.068 range, indicating strong short-term bullish behavior.
🎯 Target Levels to Watch:
Target 1: $0.06910 (Previous High)
STRAX is approaching the 24h high at $0.06910, which has shown resistance. A break above this level could see a quick surge toward new highs. Watch for confirmation above this level to capitalize on potential bullish continuation.
Target 2: $0.07000 (Psychological Level)
The $0.070 mark is a key psychological resistance. If STRAX breaks the $0.06910 level with strong volume, we may see a test of this round number. A clean breakout here could open up more upside potential towards $0.072.
Target 3: $0.072 (Next Resistance Zone)
The next major resistance comes near the $0.072 area, where STRAX previously faced selling pressure. If STRAX holds above $0.070, this level becomes the next target for potential profit-taking or reversal.
📉 Support Levels:
$0.06473 (24h Low): Should STRAX fall below $0.06473, this would be a critical support zone to watch. A break below could lead to further downside testing lower levels.
🚀 Conclusion: STRAX is showing promising upward momentum, and watching these key levels will help traders navigate the next move. Breakout above $0.06910 could signal a bullish trend, while support at $0.06473 provides a solid base.
