I will closely monitor this currency.
💡 Quick technical analysis:
✅ A rocket rise of +102.93%! STO surged from a low of 0.0956 to a high of 0.2131, reflecting significant liquidity influx and strong buying momentum at launch.
✅ RSI is balanced at 52.77, indicating that the price is still in a neutral area – it has not yet entered overbought territory, opening the door for further upward movement.
✅ MACD is in a potential positive crossover phase, showing the beginning of the fading of negative momentum with the convergence of MACD lines, which may pave the way for upcoming green candles.
✅ Stability after correction! After reaching the peak, the price experienced a healthy correction and is now stabilizing around 0.1940, which is normal after a violent surge.
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🚀 Expected scenario:
If the price can surpass the previous resistance at 0.2131, we may see a new push towards 0.24 - 0.25.
If the consolidation continues without a breakout, the area of 0.175 - 0.180 may form strong support and a second buying opportunity.
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🔥 Is STO on the verge of a price explosion?!
With the launch momentum and the current balance in the indicators, STO seems to be "catching its breath" before making another ascent – and the market is watching!
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Important tips:
1. If the price rebounds to the area of 0.175, it could be an excellent buying opportunity at support.
2. Monitor the RSI and MACD indicators, as they are the key to technical decision-making at this stage.
3. Take partial profits at each new peak to reduce risks.
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📢 Share your opinion! Do you expect STO to surpass the level of 0.21 and continue to explode? Or is there a correction coming? 🚀👇