📊 Technical analysis of Sourceless (STR/USDT) – May 5, 2025
Market summary:
Sourceless (STR) is currently trading around $0.0052 USD, showing a slight intraday correction of -0.027%. The price has fluctuated between a low of $0.0048 and a high of $0.0055 in the last 24 hours.
Technical context:
Key support: The zone of $0.0045–$0.0048 has acted as significant support, backed by the 50-day moving average at $0.0047.
Immediate resistance: The level of $0.0055 represents an important resistance. A sustained break above this level could indicate bullish momentum towards $0.0060.
Technical indicators:
RSI (14): It is at neutral levels, around 58, suggesting that the market is not in overbought or oversold conditions.
MACD: Shows a moderate bullish trend, although without clear signals of a significant crossover.
Possible scenarios:
Bullish: If STR manages to consolidate above $0.0055, it could head towards the next targets at $0.0060 and $0.0065.
Bearish: A drop below $0.0045 could lead the price towards the zone of $0.0040, where the next significant support is located.
Conclusion:
Sourceless is in a consolidation phase within a defined range. The price action in the coming days will be crucial to determine the future direction. Traders should closely monitor the mentioned support and resistance levels to identify trading opportunities.
