$STO recorded a very strong surge (+45%) with an explosive candle supported by high trading volume, indicating speculative liquidity inflow rather than purely organic demand. Moves of this type are typically followed by a correction or sharp consolidation.
Technical outlook:
- Price is currently attempting to hold above the 0.20 zone after a clear rejection from the top.
- RSI has exited overbought territory → short-term cooling signal.
- MACD remains positive, but momentum is starting to weaken.
Key levels:
- Major support: 0.18 – 0.16
- Break below 0.16 → higher probability of deeper downside
- Near resistance: 0.24 – 0.26
- Break above 0.26 → potential continuation to a new upward leg