Below is the technical analysis and short-term trading strategy for three cryptocurrencies: StakeStone (STO), NEAR Protocol (NEAR), and Shiba Inu (SHIB), updated as of May 7, 2025.
1. StakeStone (STO)
Market overview
• Current price: $0.1332
• 24h volatility: -18.0%
• 24h trading volume: $48.75 million
• Market capitalization: $30.19 million
• Circulating supply: 225.33 million STO
• Notable event: STO price increased by over 30% after listing announcement on Binance.
Technical analysis
• 15-minute frame: Price dropped sharply, RSI at 30 indicating oversold conditions, MACD deeply negative.
• 1-hour frame: Clear downtrend, price below MA50 and MA200, RSI below 40.
• 4-hour frame: Price approaching strong support at $0.13. If broken, it may drop to $0.12.
• 1-day frame: Long-term downtrend, need to break $0.15 to confirm reversal.
Trading strategy
• Spot: Buy around $0.13–$0.14, take profit at $0.15–$0.16.
• Futures:
• Long: When the price exceeds $0.15 with high volume, set SL at $0.13, TP at $0.17.
• Short: If the price does not exceed $0.15 and drops below $0.13, set SL at $0.14, TP at $0.12.
2. NEAR Protocol (NEAR)
Market overview
• Current price: $2.31
• 24h volatility: -0.86%
• 24h trading volume: $161.21 million
• Market capitalization: $2.79 billion
• Circulating supply: 1.21 billion NEAR
• Notable event: NEAR dropped sharply along with the cryptocurrency market in 2022.
Technical analysis
• 15-minute frame: Price fluctuating in the range of $2.28–$2.32. RSI at 45, MACD close to 0, indicating a neutral signal.
• 1-hour frame: Sideways trend, price around MA50. RSI at 50, MACD close to 0, needs further monitoring.
• 4-hour frame: Price approaching support at $2.24. If broken, it may drop to $2.20.
• 1-day frame: Long-term downtrend, need to break $2.50 to confirm reversal.
Trading strategy
• Spot: Buy around $2.24–$2.28, take profit at $2.40–$2.50.
• Futures:
• Long: When the price exceeds $2.50 with high volume, set SL at $2.40, TP at $2.70.
• Short: If the price does not exceed $2.50 and drops below $2.24, set SL at $2.30, TP at $2.10.
3. Shiba Inu (SHIB)
Market overview
• Current price: $0.00001277
• 24h volatility: +0.87%
• 24h trading volume: $145.33 million
• Market capitalization: $7.53 billion
• Circulating supply: 589.25 trillion SHIB
• Notable event: SHIB burn rate increased by 656% as the price struggles to recover.
Technical analysis
• 15-minute frame: Price slightly up, RSI at 60 indicating upward momentum, MACD positive.
• 1-hour frame: Slight uptrend, price above MA50 and MA200, RSI above 55.
• 4-hour frame: Price approaching resistance at $0.000013. If surpassed, it may aim for $0.000014.
• 1-day frame: Long-term uptrend, need to maintain above $0.000012 to reinforce the trend.
Trading strategy
• Spot: Buy around $0.000012–$0.0000125, take profit at $0.0000135–$0.000014.
• Futures:
• Long: When the price exceeds $0.000013 with high volume, set SL at $0.0000125, TP at $0.0000145.
• Short: If the price does not exceed $0.000013 and drops below $0.000012, set SL at $0.0000125, TP at $0.000011.
Summary
• STO: Currently in a downtrend, need to monitor support at $0.13 to determine the next trend.
• NEAR: Currently in a sideways trend, needs to break $2.50 to confirm upward trend.
• SHIB: Currently in a slight uptrend, has the potential to surpass $0.000013 if the current momentum is maintained.
Note: Trading strategies should be adjusted according to the risk appetite and profit goals of each investor.
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