STXUSDT → Price over the wedge resistance
STXUSDT breaks resistance amid bitcoin consolidation. Earlier, a false breakout of consolidation support was formed, which influenced the trendline breakout
We see a prolonged consolidation formation in the format of a descending wedge. Yesterday, when
BTCUSD began to strengthen on the background of weak positive news, Stack/TetherUS broke through the resistance of the figure. A day later, we see the price consolidation above the line and now, if the consolidation is successfully realized, the price may reach 0.5447 in the near future.Regarding the indicated resistance - 0.5447. This line delimits us from a strong bullish growth. If the coin is able to break this resistance on a retest, then in the medium term we could see a rise to both 0.8779 and 1.1924
Support levels: 0.4371, trend line
Resistance levels: 0.5447
I expect growth to the resistance of the range with the subsequent breakout after a small pullback.
Regards R. Linda!
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