Is STO ready for a price explosion?!
💡 Quick technical analysis:
✅ An amazing price jump! STO rose from 0.0956 to 0.2131 in a short time, an increase of over 109%, indicating strong liquidity inflow and sharp upward momentum!
✅ The indicators support more!
The Relative Strength Index RSI(6) is at 65.23, which means it has not yet entered the overbought area (>70), allowing for further upward movement.
The MACD indicator shows a slight positive crossover, and the momentum is just beginning – indicating the possibility of continued upward movement.
✅ Huge trading volumes! Very high trading volume (395.4M STO in 24 hours) means that the coin is receiving significant interest, and may be accumulating in preparation for a new wave.
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🚀 Expected scenario:
If the price manages to break the current resistance at 0.2131, we may see a rapid rise towards the 0.25 - 0.30 areas.
In the event of a pullback, strong support at 0.1673 may provide an opportunity for re-entry and a rebound.
STO
0.1948
+103.76%
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🔍 Is there a technical pattern forming?
The beginning of a "horizontal accumulation" pattern can be observed after the initial explosion, where the price has stabilized between fixed levels – this often precedes a new explosive movement!
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🚨 Support signals:
RSI is in a safe upward zone.
MACD shows the beginning of upward momentum.
Trading volumes confirm significant interest from traders.
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💬 My personal opinion:
STO appears to be in a accumulation phase after an initial jump, and this phase often precedes another price explosion. The indicators support the continuation of the upward trend, but caution is needed against false breakouts.
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✅ Final advice:
Set a stop-loss below 0.1673 to protect capital.
Watch the trading volume in the coming moments – a sudden increase could be the signal!
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📢 What do you think? Will we see STO at 0.30 soon? Should we enter now or wait for the breakout? Share your opinion!