STO/USDT's recent performance has indeed caught the attention of many traders. The coin has increased by over 34.67% in the past 24 hours, driven by sustained enthusiasm in the DeFi sector and continuous capital inflows.
From a technical perspective, the rally started around 0.0798, then surged to an intraday high of 0.1590, nearly doubling in value, forming a typical green impulsive wave. After this straight upward move, the price experienced a slight correction in the 0.1000-0.1100 range, but importantly, buyers remained active in this zone, with trading volume staying high, indicating market participation is still strong.
From a trading standpoint, there are several key levels to watch:
It would be reasonable to look for entry opportunities in the 0.1060-0.1085 range, which is close to previous support levels and offers some upside potential. Stop-loss can be set at 0.1020 to manage risk clearly.
As for target levels, in the short term, focus on the psychological levels at 0.1150 and 0.1250. If buying pressure remains strong, the 0.1400-0.1500 range could become a longer-term target. But as always, trading involves risk—after such a large increase, chasing the high should be cautious, and position sizes should be controlled.
Overall, the enthusiasm behind this rally is real, but a correction after rapid gains is normal. Proper entry points and risk management are key to participating effectively in this type of market movement.
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GateUser-7b078580
· 5h ago
Data shows that behind the 34.67% increase, Gas fees may eat up half of the profits again. Let's wait and see the historical lows.
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GmGnSleeper
· 5h ago
The doubling market is coming just like that, and I didn't even react.
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BTCBeliefStation
· 5h ago
A 34% increase... Can we chase it, or is it safer to wait and see?
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QuietlyStaking
· 6h ago
Another wave of price manipulation, pity those guys who bought high.
STO/USDT's recent performance has indeed caught the attention of many traders. The coin has increased by over 34.67% in the past 24 hours, driven by sustained enthusiasm in the DeFi sector and continuous capital inflows.
From a technical perspective, the rally started around 0.0798, then surged to an intraday high of 0.1590, nearly doubling in value, forming a typical green impulsive wave. After this straight upward move, the price experienced a slight correction in the 0.1000-0.1100 range, but importantly, buyers remained active in this zone, with trading volume staying high, indicating market participation is still strong.
From a trading standpoint, there are several key levels to watch:
It would be reasonable to look for entry opportunities in the 0.1060-0.1085 range, which is close to previous support levels and offers some upside potential. Stop-loss can be set at 0.1020 to manage risk clearly.
As for target levels, in the short term, focus on the psychological levels at 0.1150 and 0.1250. If buying pressure remains strong, the 0.1400-0.1500 range could become a longer-term target. But as always, trading involves risk—after such a large increase, chasing the high should be cautious, and position sizes should be controlled.
Overall, the enthusiasm behind this rally is real, but a correction after rapid gains is normal. Proper entry points and risk management are key to participating effectively in this type of market movement.