Price Analysis

Standard Tokenization Protocol (STPT) Technical Analysis 2021 for Crypto Trader

In Standard Tokenization Protocol (STPT) Technical Analysis 2021, we use past statistics, price patterns, RSI, and much other information about STPT to analyze the future movement of the cryptocurrency. 

The STP Network focuses on creating a decentralized network designed to facilitate the discovery and usage of crypto assets across global communities. Moreover, the STP Standard defines the procedure for ownership of tokenized assets that are generated, issued, sent, and received while complying with the necessary regulations.

Standard Tokenization Protocol (STPT) Current Market Status

According to CoinGecko, the STPT price is trading at $0.071 with a 24-hour trading volume of $89,945,997, at the time of writing. However, STPT has increased by 33% in the last 24 hours.

Moreover, STPT has a circulating supply of 1.12B STPT and a maximum supply of 1,942,420,283. Currently, STPT trades in Binance, Huobi Global, Upbit, HitBTC, and Gate.io. 

Standard Tokenization Protocol (STPT) Technical Analysis 2021 

The recent development and upgrades might push Standard Tokenization Protocol (STPT)  to reach new heights. Now, let’s deep dive into the Standard Tokenization Protocol technical analysis 2021. The daily time frame chart of the pattern of Standard Tokenization Protocol (STPT) is shown below.

STPTUSDT Price Chart (Source: TradingView)

The bullish channel is a chart continuation pattern. This pattern is formed by two parallel bullish lines. In addition, the price moves between these two parallel trend lines. Even more, the top trend line is called the resistance line, and the lower trend line is said to be the support line.

Standard Tokenization Protocol (STPT) RSI, MACD, and MA

The below chart shows the Relative Volume (RVOL) of STPT. Relative Volume is an indicator that explains traders how current trading volume is compared to previous trading volume over a given period. As shown below the current RVOL of STPT is high. This shows there are many crypto investors interested in the particular token. Notably, the RVOL of STPT was four times higher last month since it stays above the cut-off mark. 

STPT/USDT RSI and RVOL (Source: TradingView)

Now let’s look at the relative strength index (RSI) of STPT. As shown in the chart above, the RSI remains at level 62. This shows that STPT’s price is in a nearly overbought state. However, this may lead to major price reversal.

STPT’s Moving Average (MA) and Exponential Moving Average (EMA) is shown in the chart below. Moreover, MA is a part of technical analysis that helps traders to recognize trends. While EMA is a type of moving average.

STPT 30-day SMA and 50-day EMA (Source: TradingView)

From the beginning of 2021, it is clear that the STPT price has shown many bullish patterns. Furthermore, taking all these into account, STPT could have a competitive cryptocurrency market in 2021.

Conclusion

With the ongoing developments and upgrades that are taking place within the STPT platform. The cryptocurrency STPT has a fantastic future ahead in this crypto market. However, it is possible to see STPT reaching new heights.

Bullish STPT price prediction 2021 is $0.13. As said above, it may reach great heights, however reaching $0.5 if investors have decided that STPT is a good investment in 2021.

FAQ

What is STPT?

The STPT network focuses on creating a decentralized network designed to facilitate the discovery and usage of crypto assets across global communities.

Where can you purchase STPT?

STPT is listed on many cryptocurrency exchanges that include Binance, Huobi Global, Upbit, HitBTC, and Gate.io. In which the crypto is available to be traded against fiat currencies, stablecoins, and other cryptos.

Will STPT reach a new ATH soon?

With the ongoing developments and upgrades within the STPT platform, it has the high possibility of reaching its ATH soon.

Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.

Carolyna Mavis

Cryptocurrency and blockchain tech interest has enticed Carolyna to write for NewsCrypto. She made her personal mission to help non-crypto geeks to understand the technology with ease.

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