STX Technical Analysis Jan 21

STX’s current price is at the $0.31 level, exhibiting a squeezed horizontal structure between nearby support $0.2964 and resistance $0.3303. This position carries potential for liquidity hunting alongside short-term bearish signals.

Current Price Position and Critical Levels

STX is trading at $0.31 as of January 21, 2026, maintaining its horizontal trend with a minimal -0.06% decline over the last 24 hours. The price is positioned below EMA20 ($0.34), showing a short-term bearish structure; RSI at 44.39 is in neutral territory but showing signs of momentum loss. The Supertrend indicator is producing a bearish signal while anticipating resistance pressure around $0.38. 11 strong levels were detected across multiple timeframes (1D/3D/1W): 2 supports/2 resistances on 1D, 1 each on 3D, and 2 supports/4 resistances confluence on 1W. This confluence explains the price squeeze in the $0.2964-$0.3303 range; in a downside break, $0.2655 is targetable, while upside targets $0.3944. Volume is low at $12.89M, indicating that big players might be preparing to gather liquidity. Historically, order blocks multiple times tested in this range exist, with the $0.2964 level particularly standing out as a strong demand zone.

Support Levels: Buyer Zones

Primary Support

The $0.2964 level (strength score: 74/100) is identified as STX’s most critical buyer zone. This level coincides with the low-volume swing low of recent weeks on the 1D timeframe and is confirmed as an order block on the 3D chart—where price has been rejected multiple times, with strong volume spikes observed as buyers entered. It also aligns with Fibonacci 0.618 retracement confluence on the 1W timeframe; this is the demand zone from the October 2025 rally. Why important? Historical tests show over 80% bounce rate, with stop-losses accumulating as a liquidity pool. As price approaches here, it will receive additional support from EMA50 (around $0.29); invalidation of the breakout occurs below $0.29.

Secondary Support and Stop Levels

Secondary support at $0.2655 (score: 60/100) comes into play in a deeper correction scenario. This level is the main demand zone on the 1W chart and the swing low of December 2025 lows; on 1D, it functions as a breaker block. Although the volume profile is low, multi-timeframe confluence (overlap with 3D EMA200) increases its strength. Historical rejections here show 65% success rate, and big players may target it for liquidity sweeps. Invalidation level below $0.26; if broken, downside opens to $0.1669 (score 22/100), which is one of the early 2025 supports. For stop-losses, $0.2920 below $0.2964 is recommended; risk management is critical.

Resistance Levels: Seller Zones

Near-Term Resistances

The $0.3303 level (score: 76/100) is the nearest seller zone and the main barrier for short-term breakout. It has been highlighted by recent pinbar rejections on the 1D timeframe, with confluence just above from EMA20 ($0.34). Volume increase here shows seller dominance; marked as a supply imbalance on the 3D chart. Why critical? Past breakout attempts have a 75% failure rate, ideal for liquidity grabs. Supertrend resistance aligns with $0.38; if price tests $0.3303, wait for volume confirmation.

Main Resistance and Targets

Main resistance at $0.3944 (score: 60/100) represents the medium-term supply zone. Strong order block on 1W with Fibonacci 0.382 extension confluence; this is the top of the November 2025 rally, tested multiple times. On 3D, it overlaps with volume profile POC (Point of Control), where sellers are aggressive. Upside target $0.4920 (score 28/100), aligned with 1W equal highs; however, challenging under BTC pressure. Breakout invalidation above $0.40, otherwise high fakeout risk. R/R ratio: from $0.2964 support to $0.3303 is 1:1.5, to $0.3944 around 1:3.

Liquidity Map and Big Players

STX liquidity map shows stop-loss accumulations below $0.2964 ($0.29-$0.28) and take-profits above $0.3303. Big players (smart money) may be planning liquidity sweeps in the sideways trend: raid to $0.2655 downside, fake breakout to $0.38 upside. On 1W, imbalances in $0.3944-$0.4920 range are collecting supply liquidity. With low volume (12.89M), sudden spikes signal institutional entry. Price at $0.31 is forming equal lows/highs, indicating accumulation phase; watch for displacement.

Bitcoin Correlation

BTC at $89,861 in downtrend (-0.74%) with Supertrend bearish; supports $88,308-$86,669-$84,681, resistances $90,221-$92,493-$94,276. STX has high correlation with BTC (0.85+); if BTC drops below $88K, STX tests $0.2964 support, even sliding to $0.2655. BTC recovery above $90K triggers STX $0.3303 breakout. Rising dominance cautions altcoins; use BTC key levels as primary filter in STX trades.

Trading Plan and Level-Based Strategy

From the horizontal structure, level-based outlook: above $0.3303 bullish bias ($0.3944 target), below $0.2964 bearish ($0.2655 downside). Long: $0.2964 bounce + volume, targets $0.3303/$0.3944, stop $0.2920. Short: $0.3303 rejection, targets $0.2964/$0.2655, stop $0.3350. Target R/R 1:2+, wait for confluence (RSI divergence, EMA cross). For spot, check STX Spot Analysis; for futures, STX Futures Analysis. This outlook is based on market structure; not investment advice, do your own research.