Stratis (STRAX) Drops 6.2% in 24 Hours Amid Tight Trading Range

Stratis (STRAX) is currently trading at $0.04728, marking a 6.2% decrease over the past 24 hours. The cryptocurrency is currently confined within a tight range, oscillating between a support level of $0.04714 and a resistance level of $0.05206. This price action has been compressed by a descending trendline on the weekly chart, which has been capping upward movements since early 2024.

Over the past year, STRAX has repeatedly tested the support level at $0.04714, with each bounce meeting resistance from the descending trendline. This pattern has created a narrowing range, gradually compressing the price toward a potential breakout point. The structure has remained intact despite several volume spikes during brief upward movements, which lacked the momentum to break through the upper trendline.

The descending trendline has been a consistent barrier for STRAX rallies, with multiple touchpoints confirming its validity as a technical boundary. As of early July 2025, the price is tightly positioned between the support and the declining resistance line, resembling past price structures observed in other assets. This setup suggests a potential breakout, similar to historical patterns, but STRAX has yet to confirm this movement as the price remains within the structure.

Market participants are closely monitoring this zone, as the price continues to react near the key compression area. The upcoming volume behavior and order flow activity will determine whether STRAX holds above support or pushes above resistance. The current technical interest is heightened due to the price resting near its long-term support and testing the downtrend boundary.