$STRAX /USDT Technical Analysis – Short Setup

Current Price: $0.02582 (down -1.45% from recent highs)

24h Range: $0.02203 – $0.03244

24h Volume: 248.35M STRAX (~6.59M USDT)

Chart Observations

Resistance Levels:

$0.02800 – recent swing high, now acting as resistance.

$0.03000 – strong psychological barrier; multiple rejections in past sessions.

Support Levels:

$0.02400 – immediate support zone; previous consolidation area.

$0.02200 – major support; bottom of the 24h range.

Price Action:

Price failed to hold above $0.02800, forming a lower high.

Momentum shows bearish pressure after rejection from $0.03244.

Volume Analysis:

Declining volume on the latest bounce