Since the pair STRAT/USD did increase past the $3.30 level, the patterns resistance trend line will be acting as a support [in the case it holds its near term pullback] for a future higher trading ground that could be taking form.
Main support since its all-time high in June of $11.04, is the major psychological $2.50 level which stopped any further losses and downward spiking.
For both long and near-term traders and investors it is of great importance, if we want to see further gain, that the Stratis price keeps trading above the range bounding area and not enter again below the $3.27 zone.
Closing above $3.60 will open doors and indicate that more value surge is to be awaited but any gain like today’s will have its ‘punishment’ and pullback if sellers take control of the market.
As per time of the press, Stratis is trading at $3.68 with 24.92 percent increase in the last week – second highest gain in the top 50 list of cryptocurrencies by market cap following only Vertcoin [VTC/USD] with 78.85%.