STPT Breaks Out of the Triangle — Could $0.12 Be Around the Corner?

STPT has cleared out of a long-standing symmetrical triangle pattern with crucial volume, as Top crypto analyst TheCryptoExpress indicated on X.

This breakout indicates strong bullish momentum, supported by higher highs and higher lows. The price action confirms the end of a consolidation phase, with the breakout level now identified as critical support. The strong volume behind the move signals increased buyer interest, reducing the possibility of a quick reversal.

Image Source:X/Thecryptoexpress

The Ichimoku Cloud made available solid support, strengthening the bullish outlook. STPT’s price has moved above the cloud, confirming the strength of the breakout. Top crypto analyst TheCryptoExpress also indicated this critical support, boosting confidence in the current trend.

Moving averages towards the rally, with the cloud’s upward trajectory hinting at sustained growth. The combination of these indicators suggests that the bullish momentum could shift the direction of STPT higher.

STPT has switched previous resistance zones into support, with $0.065 identified as a strong foundation. The next key resistance lies near $0.10, a theoretical and technical barrier.

TheCryptoExpress made a hint on X, that the volume surge highlights strong demand. If momentum continues, STPT could test higher levels, with the possibility of reaching $0.12 in the short term.