$STRAX /USDT – SPIKE FAILED NEAR $0.06321, BEARISH RETRACEMENT UNDERWAY

STRAX saw a sudden bullish breakout from $0.05452 to $0.06321 but quickly reversed after hitting resistance. The sharp wick on top signals rejection, and current price action shows a drop to $0.05649 with increasing selling pressure and lower highs forming.

MARKET SNAPSHOT:

24H High: $0.06321

24H Low: $0.05326

24H Volume (STRAX): 216.32M

24H Volume (USDT): 12.51M

TECHNICAL INSIGHT:

Quick pump followed by strong rejection candle

Support at $0.05400 must hold or further downside likely

Failed to establish a stable range above $0.06000

Volume peaked at breakout but declined on retrace

KEY LEVELS TO WATCH:

Resistance Zone: $0.06000 – $0.06300

Support Zone: $0.05400 – $0.05320

OUTLOOK:

Short-term momentum has turned cautious. If price holds above $0.05450 and consolidates, another attempt at $0.060 could follow. However, failure here opens room for a deeper correction. Monitor RSI and volume closely.

Buy & Trade Here on $STRAX

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