The past 24 hours have been a period of a slow downtrend for the cryptocurrency markets at large. Bitcoin and Ethereum have both been hit by this - resulting in almost all the cryptocurrencies following the same trend. Stratis (STRAT) prices too, reflect this slowdown as the currency's price fell by 19.65% over the past 24 hours. Let us take a look at the technical analysis of Stratis (STRAT) prices over the past 24 hours and over the past week.
STRAT Price over the past 24 hours:
Over the past 24 hours, Stratis has been witnessing a continuous slow downwards motion. The currency began the day with a price of $8.85 and closed the day at $6.88 - a drop of 19.65% in 24 hours. It wasn't just the price of STRAT, but also their market cap which was affected as Stratis began the day at $873 Million while it closed the day at $650 Million. By market cap, Stratis stands next to Siacoin (#31) at #32 in the list of cryptocurrencies by market cap.
STRAT Price over the past 7 Days:
This past week has been full of many highs and lows, not just for Stratis (STRAT) but also for almost all the other cryptocurrencies. The currency began the week at a high of $9.69 - and then fell by almost 50% to reach a low of $4.75 - however, it has since recovered and currently stands at the $6.88 mark.
STRAT Price Expectations:
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Technical Analysis of Stratis (STRAT) | Image: Tradingview[/caption]
Current expectations indicate that Stratis, which is on a slow-moving downward trend for quite some time now, is all set to break out. Stratis, over the next few days, is likely to gain another $3-$4 and get back to the price of $9.25 - $9.5. For now, the markets look ambitious and it is expected that Stratis prices will continue to surge.
However, despite all the optimism, it is best to always set up a stop-loss. The ideal stop-loss here is the $6.25 mark. For more (STRAT) Stratis price updates and news stay tuned to Cryptocrimson or you can also bookmark our page. We’ll also keep adding updates to this article for real-time analysis.
Here's a look at more such cryptocurrencies today:
: Neither the management nor the authors at CryptoCrimson are responsible for any losses, financial or otherwise, which may occur due to investing based on our articles. These are market predictions - which are not set in stone. The information provided is only for educational purposes and cannot be considered a financial advice.