Stargate Finance price It shows determined bullish signals by rising above the long-term horizontal resistance level. As a result, the price is expected to continue rising.
Stargate Finance has been trading below the key $0.71 resistance zone since May 2023. It broke above the resistance zone last week after being rejected by this zone four times.
It attracted attention by creating a large bullish Pin bar candle with a very long lower shadow confirming the validity of the breakout. This breakout is very important as it indicates that the long-term downtrend has ended and a new uptrend has begun.
The weekly RSI (Relative Strength Index) is above 50 and sloping upwards, indicating that the bulls are taking control of the market. Therefore, STG price could rise by 38.48% to the long-term resistance zone at $1.15.
daily chart, Stargate Finance It shows that the price successfully confirmed the $0.71 region as support yesterday. This means that as the price drops to the breakout level, the bulls buy, usually leading to a continuation of the uptrend.
The daily RSI has broken above the descending divergence trendline and is rising, supporting the possibility of further upside. Therefore, STG price may rise towards the nearest horizontal resistance zone at $0.94 in the coming days.
The most likely expectation is that the STG price will continue to rise in the near future. The nearest target is $0.94 and further upside is $1.15.
