Both moving averages on STX are sloping upwards, and the RSI is near overbought territory, indicating that bulls have the advantage. If buyers sustain the price above $3.40, the uptrend may strengthen and the STX/USDT pair may rebound towards $4.29. $STX

STX/USDT daily chart (1)

Contrary to this assumption, if the price declines and falls below $3.40, it would suggest that the market has rejected higher levels. The pair could drop towards the 20-day EMA ($3.07). A rebound from this level would indicate that the uptrend remains intact, but a break below the 20-day EMA could see the pair drop to the 50-day MA ($2.65).

STX/USDT 4-hour chart (2)

The 4-hour chart shows bulls buying dips at the 20-day EMA, suggesting sentiment remains positive. There is a small resistance at $3.75, but a break above this level could see the pair reach $4.

The key support to watch on the downside is the 20-day EMA. If this level gives way, it would indicate that bulls are rushing to exit. The pair may then drop to $3.22. A break below this support could accelerate the sell-off and send the pair below the 50 moving average.