$STRAX /USDT Technical Analysis Report

STRAX is showing impressive strength in the market with a current price of $0.04545, up +3.06%, making it one of today’s notable Layer 1/Layer 2 gainers. The token recently tested a 24h high of $0.05000, confirming bullish momentum as it continues to push through key resistance levels. Volume metrics are also compelling, with over 134.53M STRAX traded in the past 24 hours, highlighting strong market interest and liquidity. The nearest resistance lies at $0.05038, and a breakout above this level could trigger a surge toward higher targets.

On the downside, support has formed solidly around $0.04283, providing a strong base for the next leg up. The consistent higher lows and tightening price action suggest bullish consolidation, which could result in an explosive breakout if market sentiment remains favorable. With rising volume and a solid technical setup, STRAX is poised for a potential upside rally—traders should keep this one firmly on their radar as it continues to show significant promise in the mid-term.