$STX is trading at $0.2787, slipping -0.75% as the market catches its breath. Bulls tried to push higher, but the move was capped near the 24H high at $0.2939, where sellers stepped in with force. The drop accelerated, dragging price down to the 24H low at $0.2756, shaking out weak hands.
On the 15-minute chart, momentum clearly favors the bears:
MA(7): 0.2786 hugging price — short-term indecision
MA(25): 0.2819 acting as immediate resistance
MA(99): 0.2855 confirming the broader downward pressure
Volume tells the story of the fight:
24H Volume (STX): 4.49M
24H Volume (USDT): 1.28M
Right now, STX is consolidating just above support, trying to stabilize after the sell-off. A strong bounce from this zone could spark a relief push back toward 0.282–0.286, but failure to hold 0.275–0.276 may open the door to another leg down.
The market isn’t calm — it’s waiting.