Stargate Finance Price Analysis: Will (STG) Price Break  $0.782?

• The price of Stargate Finance network is trading at the price of $0.562539. The coin’s price inclined by 0.29% in the last 24 hours.
• The Stargate Finance price is observing an increase of 4.39% in the last 7 days.
• The market capitalization of Stargate Finance Network at $114722789.

Trend Evaluation

By evaluating the price data of Stargate Finance, it can be said that it is in a downtrend currently. The price inclined by 4.39% in the last seven days and we can say that the Stargate Finance Network is underperforming right now. From its peak price of $4.14, it fell -86.45% in a year and demolished the investors’ wealth. The current market sentiments are not good. There is no big volume. Buyers are also not available in the current market scenario.

Stargate Finance Network Technical Analysis

EMA

The price of Stargate Finance Network has slipped below 50 and 200 EMA and it suggests that the price is in a bearish trend. If the bears continue to push the price downwards, it could fall more in value in the upcoming week if current support is destroyed by the sellers. 

RSI

The RSI line has been moving in the oversold zone. The RSI line is around 41.31. The 14 SMA has a value of 39.24 points. This indicates that the Stargate Finance Network market is in the oversold zone.

MACD

Right now, MACD is giving bearish views. The MACD line is below the signal line and both the MACD line and the signal line are beneath the zero line hinting the bearish sentiments about the price.

Trendline Analysis

The price has already broken the major trendline support and it is going downward. So, the price of Stargate Finance can continue to fall up to the next support, and if it breaks the next, it can go down more.

Volume Analysis

The Stargate Finance Network trading volume of 24 hours is $5259942 with a -25.00% decrease in volume in the last 24 hours. There is no substantial great boost in the volume of the coin.

Technical Levels

• Support – The current support level of the Stargate Finance Network is $0.516.

• Resistance –The current resistance level of the Stargate Finance Network is $0.782.
  

Conclusion

Stargate Finance Network is facing a tough time in the market. According to the present data and analysis, we can say that it is in the bear’s control. The price action suggests that the price may fall more in the upcoming days and this is because the price broke its major trendline support level. Stargate Finance Network’s price shows a pessimistic scenario at the moment. Major reliable indicators like EMA, RSI, and MACD are giving negative signals about the Stargate Finance Network coin. The fear is growing among investors because of the poor performance of the coin. Recovery signs are not visible in the coin as well.

Disclaimer

The analysis given in this article is for informational and educational use only. Do not use this information as financial, investment, or as trading advice. Investing and trading in crypto is a risky task. Please consider your circumstances and risk profile before making any investment decisions.