Technical Analysis – STX/USDT (Daily Timeframe)
STX/USDT has shown a significant technical breakout after successfully breaching the descending trendline that has acted as a dynamic resistance since early 2025.
Currently, price is retesting a key support zone, which was a former resistance level—indicating a possible flip to demand and validation of the breakout.
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🔹 Key Zone:
Demand zone (yellow box): 0.6669 – 0.7128
(based on Fibonacci retracement levels 0.618 and 0.5)
Current price: 0.7313
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📈 Bullish Scenario:
Breakout from the descending trendline suggests a potential trend reversal.
As long as price holds above the 0.6669 – 0.7128 zone, upward continuation is likely.
Potential resistance targets:
0.8515
1.0046
1.3451
Extended target: 1.7922, if bullish momentum continues
---
📉 Bearish Scenario:
If price fails to hold the Fibonacci support zone, a deeper correction could follow.
Downside support levels to watch:
0.60 (psychological support)
0.4772 (2025 low)
---
📊 Pattern & Market Structure:
The trendline breakout is the first sign of a structural shift.
A successful retest and formation of a higher low could confirm a new bullish market structure.
The Fibonacci confluence zone aligns with price action support, making it a key decision area.
---
Conclusion:
STX/USDT is showing signs of recovery and a potential reversal after a prolonged downtrend. The breakout is promising, but confirmation will come if the price holds the key support zone. Traders should closely monitor the 0.6669 – 0.7128 region to gauge future price direction.
#STX #STXUSDT #CryptoBreakout #TrendReversal #FibonacciLevels #TechnicalAnalysis #Altcoins #CryptoTA #SupportResistance #PriceAction
STX/USDT has shown a significant technical breakout after successfully breaching the descending trendline that has acted as a dynamic resistance since early 2025.
Currently, price is retesting a key support zone, which was a former resistance level—indicating a possible flip to demand and validation of the breakout.
---
🔹 Key Zone:
Demand zone (yellow box): 0.6669 – 0.7128
(based on Fibonacci retracement levels 0.618 and 0.5)
Current price: 0.7313
---
📈 Bullish Scenario:
Breakout from the descending trendline suggests a potential trend reversal.
As long as price holds above the 0.6669 – 0.7128 zone, upward continuation is likely.
Potential resistance targets:
0.8515
1.0046
1.3451
Extended target: 1.7922, if bullish momentum continues
---
📉 Bearish Scenario:
If price fails to hold the Fibonacci support zone, a deeper correction could follow.
Downside support levels to watch:
0.60 (psychological support)
0.4772 (2025 low)
---
📊 Pattern & Market Structure:
The trendline breakout is the first sign of a structural shift.
A successful retest and formation of a higher low could confirm a new bullish market structure.
The Fibonacci confluence zone aligns with price action support, making it a key decision area.
---
Conclusion:
STX/USDT is showing signs of recovery and a potential reversal after a prolonged downtrend. The breakout is promising, but confirmation will come if the price holds the key support zone. Traders should closely monitor the 0.6669 – 0.7128 region to gauge future price direction.
#STX #STXUSDT #CryptoBreakout #TrendReversal #FibonacciLevels #TechnicalAnalysis #Altcoins #CryptoTA #SupportResistance #PriceAction
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✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.