$STPT /USDT Daily Chart Analysis – 🚀 Strong Bullish Momentum with Caution at Overbought Levels

Current Price: $0.08016 (+24.04%)

Daily Range: High: $0.08016 – Low: $0.06008

🔹 Key Technical Insights:

Trend & Price Action:

✅ STPT has surged by +24.04% today, reflecting a significant bullish move.

✅ The price has recently broken above resistance levels, signaling a continuation of the uptrend.

✅ Bollinger Bands are expanding, indicating increased volatility and the potential for further upward movement.

Moving Averages (MA):

✅ SMA 5, 10, 20, 50 → All Bullish → Confirming the strong uptrend.

Momentum Indicators:

RSI (D: 75.47, 15: 85.61, 60: 76.39, 240: 71.06) → Overbought on the daily and 15-minute ⚠️

Stochastic RSI: Bullish crossover → Indicates continued upward momentum ✅

MACD: Bullish crossover → Strong confirmation of trend strength ✅

ADX: Bullish crossover → Trend gaining strength ✅

MFI (Money Flow Index): Overbought → Suggests a potential short-term pullback ⚠️

VWAP: Uptrend → Indicates continued institutional buying pressure ✅

📉 Support & 📈 Resistance Levels:

📈 Resistance: $0.08016, $0.09, $0.10

📉 Support: $0.06008, $0.0500, $0.0400

⚠️ Outlook & Trading Plan:

✅ Bullish Scenario: A break above $0.08016 could lead to further gains toward $0.09 - $0.10.

⚠️ Bearish Risk: Given the overbought conditions (RSI and MFI), a pullback to support levels around $0.06008 or lower could occur.

📢 Conclusion:

STPT/USDT is currently in a strong uptrend, confirmed by the bullish signals from MACD, Stochastic RSI, and ADX. However, the overbought conditions on the RSI and MFI indicate a potential for short-term pullbacks. Watch for further confirmation of trend continuation or any retracement towards key support levels.

#STPT #Crypto #Trading #TechnicalAnalysis 🚀