$STX /USDT Daily Chart Analysis – 🚀 Bullish Reversal with Strong Momentum

Current Price: $0.875 (+9.24%)

Daily Range: High: $0.879 – Low: $0.793

🔹 Key Technical Insights:

Trend & Price Action:

✅ STX has surged by +9.24% today, showing strong bullish momentum.

✅ The price is currently moving above key moving averages, indicating a bullish reversal.

✅ Bollinger Bands are expanding, signaling increased volatility and potential for continued upward movement.

Moving Averages (MA):

✅ SMA 5, 10, 20, 50 → All Bullish → Confirming a continuation of the uptrend.

Momentum Indicators:

RSI (D: 69.97, 15: 77.23, 60: 85.18, 240: 84.61) → Overbought on daily and 60-minute ⚠️

Stochastic RSI: Bullish crossover → Indicates continued upward momentum ✅

MACD: Bullish crossover → Confirming trend strength ✅

ADX: Bearish crossover → Weakening trend strength, but still in bullish territory ✅

MFI (Money Flow Index): Bullish range → Positive money flow, supporting the uptrend ✅

VWAP: Uptrend → Sustained buying pressure supporting the upward move ✅

📉 Support & 📈 Resistance Levels:

📈 Resistance: $0.879, $1.00, $1.20

📉 Support: $0.793, $0.75, $0.70

⚠️ Outlook & Trading Plan:

✅ Bullish Scenario: A break above $0.879 could lead to further gains toward $1.00 - $1.20.

⚠️ Bearish Risk: Overbought conditions on the RSI and MFI suggest a potential pullback to $0.793 or lower.

📢 Conclusion:

STX/USDT is experiencing strong bullish momentum, confirmed by indicators like MACD, Stochastic RSI, and VWAP. However, caution is advised due to overbought conditions on the RSI and MFI, indicating that a short-term pullback is possible. Keep an eye on key support levels for any potential retracement or further continuation of the trend.

#STX #Crypto #Trading #TechnicalAnalysis 🚀