The post STX Technical Analysis Jan 20 appeared on BitcoinEthereumNews.com.

STX is stuck in a horizontal range around $0.30, facing short-term bearish signals. RSI at 41.55 is in the neutral-bearish zone, MACD shows a negative histogram, and price is below EMA20 ($0.34). However, while support levels ($0.2972) hold strong, the decrease in volume makes both scenarios possible: quick recovery on upside breakout, deep correction risk on downside breakout. Traders should adjust their positions accordingly by monitoring key levels. Current Market Situation STX is trading at $0.30 level with a 7.25% drop in the last 24 hours. The daily range is squeezed between $0.30-$0.33 and volume is at low levels with $11.19M. The overall trend is horizontal, but short-term technical indicators are under bearish pressure: RSI at 41.55 not yet approaching oversold, MACD negative histogram widening, price remaining below EMA20 ($0.34), and Supertrend giving bearish signal, with $0.39 resistance prominent. In multi-timeframe (MTF) analysis, a total of 12 strong levels were identified across 1D, 3D, and 1W timeframes: 3 supports/2 resistances on 1D, 1 support/2 resistances on 3D, balanced 2 supports/2 resistances on 1W. Main supports are $0.2972 (strength score 77/100), $0.2364 (63/100), and $0.2659 (61/100). Resistances stand out at $0.3363 (75/100) and $0.3197 (63/100). This structure reflects market indecision and carries breakout potential in both directions. Scenario 1: Bullish Scenario How This Scenario Unfolds? The bullish scenario is primarily triggered by a clear break above the $0.3363 resistance (strength 75/100). Once this level is surpassed, momentum increase is expected; RSI should rise above 50, MACD histogram should approach zero, and volume should see a +20% increase. Then, the intermediate $0.3197 resistance is tested, and if Supertrend turns bullish, it gains momentum toward $0.39. No close below EMA20 ($0.34) on 1D timeframe and holding MTF supports ($0.2972) are critical. Stability or recovery in Bitcoin supports this scenario. Post-breakout invalidation: close below…

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Filed under: News - @ January 20, 2026 11:26 pm