STXUSDT has formed a bottom and is poised to rise

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STX is forming a bottom in the shape of a U-pattern. The altcoin is still in a consolidation phase within the wedge; however, the market has stopped making new lows and is testing the resistance level at 0.2318. A breakout could trigger a breakout from the wedge and a further rally toward 0.276–0.325

If the price returns to the 0.2318–0.2762 range, it will open the way to the resistance of this neutral channel. However, there may be enough momentum to break through the resistance and continue rising toward 0.325

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