Market Overview for Stratis [New] (STRAXUSDT): 24-Hour Technical Summary

Summary
• STRAXUSDT declined from 0.05346 to 0.0509, breaking below key support at 0.0520.
• Volume spiked during the initial bullish push but waned as bears took control.
• RSI and MACD signaled bearish momentum, with prices near 20-period Bollinger Band lower bound.
• A large bearish engulfing pattern formed at 0.0530–0.0525, confirming downward bias.

Stratis [New] (STRAXUSDT) opened at 0.05182 on 2025-07-27 at 12:00 ET and reached a high of 0.05346 before closing at 0.0509 on 2025-07-28 at 12:00 ET. The 24-hour low was 0.05083. Total volume amounted to 11,223,250.0 STRAX, while notional turnover totaled $568,847.

Structure & Formations

The 15-minute chart shows a clear bearish bias following a sharp move from 0.05346 to 0.0509. A bearish engulfing pattern formed between 0.0530 and 0.0525, suggesting a shift in control from buyers to sellers. Key support levels emerged at 0.0520 and 0.0515, both of which were decisively broken. A potential short-term support target appears near 0.0510, with 0.0505 as the next likely level.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages both trended downward during the session, with price closing below both. The 50-period line currently sits near 0.0525, reinforcing the bearish sentiment. On the daily chart, the 50-period MA is above the 200-period line, suggesting a broader market in consolidation rather than a clear trend.

MACD & RSI

The MACD turned negative early in the session and remained below the signal line, indicating bearish momentum. The RSI dropped into oversold territory below 30, signaling a potential bounce, though a strong reversal is unlikely without a clear bullish catalyst. Both indicators suggest a continuation of the downward move unless a strong buying interest emerges.

Bollinger Bands

Volatility increased significantly during the initial bullish phase, with the upper band expanding to 0.0535. However, as the trend reversed, the bands compressed, with the lower band reaching 0.0515. Price closed near the lower band, indicating weakness and a potential continuation of the downward move.

Volume & Turnover

Volume surged during the initial bullish push but declined sharply as the trend reversed. The largest single 15-minute volume spike occurred at 0.05311–0.05259, where 1.38 million STRAX changed hands. Notional turnover mirrored the volume pattern, confirming the bearish shift. A divergence between volume and price action is not evident, suggesting the bearish move is broadly supported.

Fibonacci Retracements

Applying Fibonacci levels to the recent 15-minute swing from 0.05346 to 0.05083, key retracement levels include 0.05257 (38.2%) and 0.05196 (61.8%). The 61.8% level has already failed to hold, suggesting a possible test of the 0.0510 level. On the daily chart, a larger bearish move could see STRAXUSDT testing the 0.0500 level.

STRAXUSDT may continue to consolidate in the 0.0510–0.0515 range over the next 24 hours, with a potential bounce if buyers emerge near the lower band of the Bollinger channel. However, a breakdown below 0.0510 could lead to further downside, with 0.0505 as the next target. Investors should remain cautious of thin support levels and the potential for further bearish momentum.