- As per the Stargate Finance price prediction, the STG coin price increased by 1.22% in the last 24 hours.
- The market capitalization of the STG coin is $183.463 Billion.
- The STG coin price is trading at $0.5800 and the 52-week price bound range is $0.3377 – $4.14.
Stargate Finance price prediction highlights that the coin recently took support at $0.5401 and it is trying to sustain itself at the current level of $0.5800. But as observed, the bears might get active for an opportunity to short the STG coin market from the above resistance levels. The STG coin price needs to gather the bulls’ power with great momentum to surge above the resistance levels which seems to be difficult for the STG coin right now. However, this month, the STG coin price was bearish as the price was down by 13.10%. The STG coin underperformed this month. The STG coin price has seen an increment in its price by 59.75% in the last six months which highlights its good performance. Moreover, the Stargate Finance price year-to-date return is positive with an increase of 59.62%.
Stargate Finance Price Technical Analysis
Source: STG /USD.1D.BITFINEX by TradingView
The Stargate Finance price prediction indicates the amount of STG coin price traded in a day is $1.591K. As observed from the 24 hour volume graph, the trading activity is poor in the STG coin, highlighting the lack of the bull’s interest.
The STG price has respected its significant trendline forming a falling wedge pattern. This highlights, the coin price might go upwards by surpassing the above trendline. As examined the coin’s volume lacks bull’s interest and resistance is high whereas the price is below major EMA’s, if the STG coin succeeds in accumulating more buyers only then it might surge and lead the price above hurdles. Moreover, it seems if bears get activated by the slightest amount, the pattern will end up failing and it might lead back the price to respecting its lower trendline.
On the day of publishing, the Stargate Finance price is trying to sustain itself at the current level on the 1D chart. The STG crypto coin price is trading below the 50, 100 & 200-day EMA (exponential moving average), which is rejecting the STG crypto coin price downwards. Only 20 EMA is slightly helping the trend, since the major interest of bulls is inactive, 20 EMA might get destroyed soon. There is a possibility that the STG crypto coin price worth might decrease more in the forthcoming week if the bears come into action again.
Source: STG /USD.1D.BITFINEX by TradingView
The MACD indicator summarizes the downtrend momentum of the STG coin price. The MACD line is above the signal line and the gap between them narrowed drastically, highlighting the trend of STG crypto coin might see a downside trend soon. Also, the MACD indicator is in the negative zone below the zero line. The MACD line at -0.01010568 and signal line at -0.01308931 is below the zero line, suggesting that the MACD is in negative territory and is giving bearish signals.
The current value of RSI is 48.18 points. The 14 SMA line is below the median line at 46.12 points which indicates a downward direction and bearish sentiment in the market. As the price is heading toward overbought territory without proper volume, the market is encountering bearish sentiment.
The technical parameters of the STG coin price suggest the continuation of the downtrend over the daily time frame chart. The STG coin price reflects a pessimistic view at the moment. Major legitimate indicators MACD, RSI, and EMA, flaunt negative signals about the STG coin price.
Extraction
The Stargate Finance price prediction highlights the sentiments and perspectives of investors and traders regarding the STG coin price being bearish in the 1D timeframe. The STG coin price reflects a pessimistic view at the time of publishing. The technical parameters for the STG crypto coin price indicate bearish pressure.
Technical Levels
- The nearest support level is $0.4182.
- The nearest resistance level is $0.8113.
Disclaimer
In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
