Are #STXUSDT Bulls Ready to Upheld the Bullish Momentum?
2024-11-21

Yello, Paradisers! Is #STXUSDT ready for a bullish breakout or will it fall? Let's discuss the latest analysis of #Stacks and see what's happening:

💎After months of grinding downward, #STX has finally reached a tipping point. The price is currently testing the upper boundary of a Descending Broadening Wedge, spurred by a solid rebound from the key support zone at $1.38–$1.51. But the big question is this: Can the bulls maintain this momentum, or are we looking at another fakeout?

💎#STXUSDT must conquer the critical resistance level at $2.28 for a true breakout. This area, which previously acted as strong support (tested twice), has now flipped into a stubborn barrier. Bulls will need a decisive move above this level, supported by increasing trading volume and the 20 EMA, to confirm the start of a genuine rally. If they succeed, the next target lies at the next major resistance zone, which could spark a significant upside move.

💎However, failing to sustain momentum could lead to a pullback toward the $1.38–$1.51 range, potentially retesting the breakout point. Losing this zone might open the door to further downside, with #Stacks slipping to the $1.05 demand zone.

💎The real danger begins if $1.05 fails to hold. A breakdown below this level would likely signal a shift in control back to the bears, leading to a deeper correction and extinguishing any short-term bullish hopes.

Stay focused, patient, and disciplined, Paradisers🥂

MyCryptoParadise
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