📉 $STRAX Under Pressure — Oversold Bounce Incoming? 🚨
STRAX
0.00975
-3.56%
$STRAX is trading around $0.00979, down 16%+ in the last 24 hours after a sharp rejection from the $0.01239 local high.
🔍 Technical Highlights:
• RSI(6): 21.2 — deep in oversold territory
• Price is retesting the $0.0097-$0.0099 support zone
• Volume remains elevated following the recent breakout spike
📊 Key Levels:
🟢 Support: $0.0095 – $0.0090
🔴 Resistance: $0.0105 – $0.0120
Despite the pullback, the recent surge shows strong market interest. A successful hold above support could attract dip buyers, while a break below may lead to further downside pressure.
👀 Watching closely for a reversal signal. Is this a buying opportunity or a warning sign?