$STAR
$STARUSDT just woke up with a strong bounce.
Price pushed hard from the 0.08–0.09 base and is now testing the 0.145–0.150 area, which is the first major resistance zone on this move.
The nearest support now sits around 0.12–0.13. If price pulls back deeper, the next key support is around 0.10 and then the stronger base near 0.08–0.09.
On the upside, if bulls break and hold above 0.15, the next resistance comes in around 0.18 and then 0.20–0.22.
This looks like a recovery breakout from a local bottom, with a possible rounded base forming after a long decline.
Traders should watch whether price can hold above the breakout area after this sharp move, because if 0.145–0.150 gets flipped into support, the rally can continue.
But if it gets rejected here, a retest of 0.12–0.13 would be normal before the next decision.
$STARUSDT just woke up with a strong bounce.
Price pushed hard from the 0.08–0.09 base and is now testing the 0.145–0.150 area, which is the first major resistance zone on this move.
The nearest support now sits around 0.12–0.13. If price pulls back deeper, the next key support is around 0.10 and then the stronger base near 0.08–0.09.
On the upside, if bulls break and hold above 0.15, the next resistance comes in around 0.18 and then 0.20–0.22.
This looks like a recovery breakout from a local bottom, with a possible rounded base forming after a long decline.
Traders should watch whether price can hold above the breakout area after this sharp move, because if 0.145–0.150 gets flipped into support, the rally can continue.
But if it gets rejected here, a retest of 0.12–0.13 would be normal before the next decision.