$STRAX Building Pressure: Will Bulls Ignite a Breakout Above $0.06000?
STRAX is trading at $0.05938, posting an 11.41% gain today as it consolidates just under the psychological resistance of $0.06000. After a solid recovery from the $0.053 zone, price action is tightening near a critical breakout level.
Key Levels to Watch
• Resistance Zone: $0.06000 – $0.06150
A confirmed breakout above could push toward:
• Target 1: $0.06300
• Target 2: $0.06500
• Support Zone: $0.05880 – $0.05720
A breakdown may drag price toward:
• Target 1: $0.05500
• Target 2: $0.05280 (24h Low)
Trade Setup – Momentum is Coiling
• Bullish Entry: Close above $0.06000 with volume surge
• Target 1: $0.06300
• Target 2: $0.06500
• Bearish Entry: Break below $0.05720
• Target 1: $0.05500
• Target 2: $0.05280
STRAX is gearing up near a breakout threshold. If bulls seize control above $0.06000, it could trigger a fast leg up. But if buyers hesitate, short-term rejection could drag price back to support. Eyes on volume—it’s the key to the next move.