$STO is showing some interesting volatility. After a sharp dip to the 0.1071 support level, the bulls stepped in, pushing the price back up to test the 0.1137 resistance.
Technical Breakdown:
MACD: We’ve just seen a bullish crossover with the histogram turning green, suggesting upward momentum is building.
Parabolic SAR: The dots have flipped below the candles, which typically signals the start of a local uptrend.
Current State: The price is hovering around 0.1119. A clean break and hold above 0.1137 could open the doors for a move toward the 24h high of 0.1166.
Watch for a consolidation here; if support at 0.1102 (SAR level) holds, the trend looks healthy. Stay sharp and manage your risk
SIGN
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