STRAX is trading at $0.04728, down 6.2% in the last 24 hours.
Price is compressing between $0.04714 support and $0.05206 resistance.
A descending trendline continues to cap upside moves on the weekly chart.
Stratis (STRAX) is approaching a critical price region after months of consistent lower highs. The weekly chart displays a clear descending trendline compressing price action toward a horizontal support area. This structure has developed over the course of a year, showing repeated rejections at the trendline and consistent reactions at the same support base.
As of now, STRAX trades at $0.04728, reflecting a 6.2% decline over the last 24 hours. With price now resting near its long-term support and testing the downtrend boundary, technical interest is increasing.
Repeated Support Test Sets Foundation for Structure
In the first half of 2024 and up to the middle of the following year, STRAX retested a horizontal support line hovering around the price point of $0.04714. This level has repeatedly absorbed downward price pressure and prevented a sustained breakdown. Each bounce from this level was met with resistance from the descending trendline. Price has remained within this narrowing range, gradually compressing toward a potential resolution point.
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Notably, volume levels remained relatively flat during most of this consolidation phase, though several volume spikes were observed during brief upward movements. These reactions suggest temporary demand but lacked sufficient momentum to break the upper trendline. Despite failed attempts, the structure has maintained form, with current price sitting just above the support level.
Trendline Resistance Forms a Defined Compression Zone
The descending trendline has consistently capped STRAX rallies since early 2024. Multiple touchpoints confirm the validity of the trendline as a technical boundary. As of early July 2025, price is positioned tightly between the support and the declining resistance line.
This setup resembles past price structures observed in other assets, including one reference pattern from the token Auction. The historical reference shows a similar compression and breakout behavior following long consolidation within a downtrend channel. However, STRAX has yet to confirm a breakout, as price remains inside the structure.
STRAX Consolidates in Tight Range, Awaiting Breakout Trigger
As an example, should the holding power of the $102,782 and $101,196 support lines become lost, then we might very well start to see Bitcoin further fall towards the $100,777 region. These levels continue to be important in distinguishing whether the broader bullish structure is going to hold or additional corrective phases will ensue.
Market participants are watching this zone closely, as price continues to react near the key compression area. Whether STRAX holds above support or pushes above resistance will depend on upcoming volume behavior and order flow activity.
The post STRAX Price Nears Breakout From $0.047–$0.052 Range With Trendline Still Intact appears on Coin Futura. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
