Technical analysis by CryptoNuclear about Symbol STX: Buy recommendation (8/8/2025)

Technical Analysis – STX/USDT (Daily Timeframe) STX/USDT has shown a significant technical breakout after successfully breaching the descending trendline that has acted as a dynamic resistance since early 2025. Currently, price is retesting a key support zone, which was a former resistance level—indicating a possible flip to demand and validation of the breakout. --- 🔹 Key Zone: Demand zone (yellow box): 0.6669 – 0.7128 (based on Fibonacci retracement levels 0.618 and 0.5) Current price: 0.7313 --- 📈 Bullish Scenario: Breakout from the descending trendline suggests a potential trend reversal. As long as price holds above the 0.6669 – 0.7128 zone, upward continuation is likely. Potential resistance targets: 0.8515 1.0046 1.3451 Extended target: 1.7922, if bullish momentum continues --- 📉 Bearish Scenario: If price fails to hold the Fibonacci support zone, a deeper correction could follow. Downside support levels to watch: 0.60 (psychological support) 0.4772 (2025 low) --- 📊 Pattern & Market Structure: The trendline breakout is the first sign of a structural shift. A successful retest and formation of a higher low could confirm a new bullish market structure. The Fibonacci confluence zone aligns with price action support, making it a key decision area. --- Conclusion: STX/USDT is showing signs of recovery and a potential reversal after a prolonged downtrend. The breakout is promising, but confirmation will come if the price holds the key support zone. Traders should closely monitor the 0.6669 – 0.7128 region to gauge future price direction. #STX #STXUSDT #CryptoBreakout #TrendReversal #FibonacciLevels #TechnicalAnalysis #Altcoins #CryptoTA #SupportResistance #PriceAction