STX Technical Analysis Jan 23

While RSI on STX shows neutral momentum at the 44.48 level, MACD’s negative histogram emphasizes short-term bearish pressure; the price remaining below EMA20 signals weakness in trend strength.

Trend Status and Momentum Analysis

STX is following a horizontal course at the 0.31 dollar level as of January 23, 2026. It has squeezed into the 0.30-0.32 dollar range with a slight 1.01% drop over the last 24 hours. Daily volume is hovering around 15.51 million dollars, while momentum indicators are generally painting a bearish picture. The RSI 14 period at 44.48 remains below the 50 level, signaling a slight dominance of selling momentum, though still far from oversold territories. The MACD indicator strengthens bear signals with its negative histogram, and the price remaining below EMA20 (0.33 dollars) confirms the short-term trend’s weakness. The Supertrend indicator is in a bearish position and highlights the 0.39 dollar resistance, while the overall trend can be described as sideways. In multi-timeframe (MTF) confluence, a total of 12 strong levels were identified across 1D, 3D, and 1W charts: 2 supports/2 resistances on 1D, 1 each on 3D, and 2 supports/4 resistances on 1W. These levels form critical thresholds for a momentum shift. Volume has remained at low levels recently, proving insufficient to confirm momentum changes; an increase in volume should be sought in case of a breakout.

RSI Indicator: Buy or Sell?

RSI Divergence Analysis

The RSI 14 period is currently at the 44.48 level and positioned in the neutral zone. Over the recent days where the price has been moving sideways in the 0.30-0.32 range, no clear regular divergence is observed in the RSI. However, the RSI forming a higher low at the price’s recent lows (0.30 dollars) carries potential for a hidden bullish divergence. This could indicate weakening selling momentum, and if the price holds the 0.3028 support level, a bounce in RSI toward 50 could bring a momentum reversal. Conversely, if RSI drops below 40, the risk of a regular bearish divergence increases, intensifying pressure toward the 0.2875 support. On the daily chart, the RSI staying away from the 30 oversold band does not signal an immediate recovery; the weekly RSI around 45 shows similar neutrality. For divergence hunters, if the price tests the 0.3275 resistance, confirmation of bullish divergence in RSI should be sought.

Overbought/Oversold Regions

RSI at 44.48 is neither in overbought (70+) nor oversold (30-) regions, supporting the sideways trend. In the short term, the 50 level is critical; breaking above it could turn momentum positive. Historically, STX has experienced upward explosions after prolonged stays in the RSI 40-50 band during consolidation, but this possibility is low with the current bearish MACD. On the 3D chart, RSI has declined to 42, reflecting selling pressure in line with support levels.

MACD Signals and Histogram Dynamics

The MACD indicator is bearish; the signal line is above the MACD line, and the histogram is in the negative zone with a shrinking trend. This indicates that bearish momentum is slowing, but it’s still early for a crossover. The negative depth of the histogram bars has been narrowing in recent days, carrying potential to approach the zero line – highlighting a possible bullish crossover. On the daily chart, MACD (12,26,9) is around -0.005, and the histogram has retreated to -0.002; the contraction shows momentum beginning to exhaust. If the histogram turns positive, the 0.3275 resistance could be targeted. The weekly MACD is more deeply negative (-0.015), emphasizing weakness in long-term trend strength. MACD signals without volume confirmation are risky; limited movement is expected with 15.51M volume.

EMA Systems and Trend Strength

Short-Term EMAs

With the price below EMA20 (0.33 dollars), the short-term trend is bearish. The ribbon squeeze between EMA10 and EMA20 reflects a lack of momentum. If the price tests the 0.3028 support, EMA50 (around 0.34) could come into play, but currently the ribbon is in bearish order.

Medium/Long-Term EMA Supports

EMA50 and EMA200 (0.35-0.38 band) stand as medium-term supports, with the price distant from them. Ribbon dynamics indicate diminishing long-term trend strength; the flat course of EMA200 confirms the sideways market. In case of a breakout, EMA100 (0.32) is the first test level.

Bitcoin Correlation

Bitcoin is lightly recovering at the 89,690 dollar level with +0.88%, though the downtrend continues. BTC Supertrend is bearish with supports at 88,429-86,660-84,681; resistances at 91,058-92,961. As a highly correlated altcoin with BTC, STX is affected by BTC’s weakness – if BTC drops below 88k, STX could challenge the 0.2875 support. Rising BTC dominance is creating pressure on altcoins; BTC levels should be monitored for STX Spot Analysis and STX Futures Analysis. If BTC recovers, STX could rise to 0.3428, but current BTC bearishness is limiting altcoin momentum.

Momentum Outcome and Expectations

In momentum confluence, STX is sideways but fragile with RSI neutrality, MACD contraction, and EMA bearishness. Supports at 0.3028 (76/100) and 0.2875 (68/100) are critical; resistances at 0.3275 (85/100) and 0.3428 (67/100). Bullish target 0.4750 (28/100), bearish 0.1715 (22/100) have low scores, indicating low volatility. Bullish momentum is sought with volume increase and RSI 50+, while MACD crossover is awaited. The 12 levels in MTF signal continuation of consolidation. Market participants should follow these momentum signals in spot and futures markets (STX Spot, STX Futures). Overall outlook is cautious; light recovery possible if support holds, deeper bearishness if broken.