Further drop

STX recently broke out of its ascending channel and is now poised for a pullback. While the short-term trend is bullish, the overall trend is ranging. Monitor for a confirmed pullback, which could indicate further price drops.

6/22/20241 min read

STX price chart showing a recent breakout from an ascending channel. The chart suggests a potential
STX price chart showing a recent breakout from an ascending channel. The chart suggests a potential

The trend is bullish in this timeframe, but overall it is ranging. The ascending channel was broken a few hours ago, and it is ready for a pullback. This suggests that there may be a potential for a complete pullback and further drop if the pullback is confirmed.