STO has just seen a major bullish breakout, surging over 47% in a single day to reach $0.1032 at the time of writing. This move marks the highest daily close in over a month, breaking through key resistance and catching traders' attention.
📈 Key Highlights:
Massive Volume Spike: Over 183M STO traded in 24 hours, confirming strong buying pressure.
RSI Overbought: The RSI is now at 86, signaling strong momentum, though some short-term cooling is possible.
MACD Turning Bullish: The MACD line has crossed above the signal line, suggesting a possible trend reversal. $STO
Breakout Confirmation: STO broke above its consolidation range (~$0.075), which had held since early June.
🔍 Why $0.15?
Previous Resistance: The last local top was around $0.1536 — a natural magnet for price action if momentum continues.
Volume + Momentum: Both technicals and trader activity support the potential climb toward $0.15 in the coming days.
📉 Risk Note: RSI being overbought may lead to pullbacks. Traders should watch for support around $0.075–$0.08 on any retrace.
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Conclusion:
With volume soaring and momentum indicators aligning, $STO looks poised for a potential move toward $0.15. As always, manage risk carefully and watch for confirmation in the next few candles.