⚡ $STRAX /USDT – Flickering Back to Life After Mid-June Squeeze

Current Price: $0.0459

Daily Change: +5.22%

Timeframe: 1D (Daily)

📊 Technical Setup:

MA7 (short-term): $0.0451 – Price is breaking just above it

MA25 (medium trend): $0.0481 – Acting as local resistance

MA99 (long trend): $0.0486 – Macro hurdle still looming

Observation: After nearly a month-long downtrend, STRAX is flashing signs of a local reversal, tagging the 7MA and trying to push past confluence near the 25/99MA cluster.

🧠 Chart Structure Insight:

$0.043–0.045 zone served as strong support throughout early June

Price is now making a higher low and a bullish engulfing candle, hinting at momentum flipping

Past rallies from this zone reached $0.055–$0.065 swiftly — but always got slapped down near $0.07+

🎯 Short-Term Price Targets:

If STRAX holds above the current range:

Target 1: $0.0485 — 99MA touch

Target 2: $0.0538 — short-term horizontal resistance

Target 3: $0.0610 — previous major rejection (late May)

🛑 Downside Levels to Watch:

Support 1: $0.0430 — current base structure

Support 2: $0.0392 — last local low

Support 3: $0.0350 — breakdown territory, end of bull hopes short term

🔍 Momentum Signal:

A clean close above $0.0486 (both 25 & 99 MA) with volume would confirm a trend reversal attempt. Until then, this bounce is still a "probation rally" — promising, but not yet dominant.

🔮 TL;DR:

STRAX is trying to turn the tide with a small breakout over its short-term trendline. If it holds this push and clears the next MA levels, it could revisit $0.06+ quickly. But a rejection at $0.048–0.050 = another round of crab walk.

⚠️ DYOR – Do Your Own Research. This is not financial advice. Markets can be volatile — always trade responsibly!