Analysis #Stmxusdt

Key support levels (4H): $STMX

$0.008661 (38.2% Fibonacci Retracement): This level served as the first line of defense for STMX. A break below this support could signal a weakening of the uptrend and lead to further downward pressure.

$0.008344 (50% Fibonacci Retracement): The 50% retracement level is a critical support zone. Staying above this level is crucial to maintaining a bullish outlook. A drop below this point may indicate a potential trend reversal.

$0.00826 (61.8% Fibonacci Retracement): Often referred to as the “golden ratio”, this level is important in technical analysis. If STMX fails to hold above $0.00826, it could invalidate current momentum and change market sentiment.

Potential price forecasts

If STMX breaks higher, the next significant resistance to watch will be $0.011 and $0.012. There can be significant selling pressure at this level. Conversely, a break below the $0.00774 level and beyond $0.00699 could signal a potential trend reversal, requiring caution.

There are some signs of breaking the bad band on the 3D and 1W intervals. If the weekly candle closes in green, everything should be fine. There is, of course, a risk of a return to last year's lows around 0.0035, or even a drop to 0.002. The situation looks better than on $BSW , which I analyzed earlier.