- STPT forms a higher low at macro trendline, signaling renewed accumulation after bouncing from $0.037 back to $0.046.
- Weekly resistance at $0.055 remains pivotal, with $0.050 serving as key intrarange level for potential breakout confirmation.
- Rising volume and positive MACD histogram confirm strength at support, suggesting bullish continuation above long-term ascending trendline.
STPT traded at $0.046 on the weekly chart at the time of writing, bouncing along a key ascending trendline since mid‑2020. Recent price action suggests a higher low at this macro support, indicating renewed accumulation.
Trendline Support Signals Accumulation
Crypto analyst Alpha Crypto Signal noted on Twitter that STPT respects a macro support zone along an ascending trendline since mid‑2020.The trendline connects lows from early 2020, mid‑2021, early 2023, and late 2024, forming a robust support level.
Price dipped to around $0.037 before reversing and closing near $0.046, thus marking a higher low on the trendline. Lower wicks on weekly candles consistently bounced at trendline support, underscoring buyer interest at macro levels.
The trendline angle has averaged 20 degrees, indicating a steady appreciation pace over four years. Macroeconomic trends and token utility improvements may further reinforce trendline support levels.
Key Resistance and Pivot Levels
Immediate resistance is at $0.055, where weekly highs stalled during recent rallies, requiring a clean weekly close above $0.060. The mid‑range pivot at $0.050 serves as a key intrarange support and resistance level for traders.
Reclaiming $0.060 may target the next zone at $0.10, reflecting previous range highs from 2022 and early 2024. Failure to surge past $0.055 led to retracements, reinforcing the $0.050–$0.055 band as a critical battleground.
Historical range highs around $0.10–$0.12 remain visible on charts, marking potential long‑term targets.Chart volume profiles show high trading activity clusters at $0.055, marking it as a decisive level for momentum shifts.
Technical Indicators
Weekly RSI sits near its midline, indicating further upside potential if price remains above trendline support.MACD histogram has turned slightly positive, while weekly volume rose on the latest bounce, confirming demand at support.
A close below $0.035 would invalidate this bullish setup and open the path toward $0.020 lows. Trendline adherence aligns with broader altcoin recovery, suggesting STPT may follow market rotation patterns.
