Stratis (STRAT) is quite a popular name when it comes to the world of cryptocurrencies. The currency has been on a gradual rise since November and peaked in January when it hit the $22 mark. The currency has since slowed down after a market correction. As of this writing, STRAT price stands in at $14.7 – however – if market experts are to be believed, Stratis is in for a huge growth.
STRAT prices, since the past one week – have capped in at the $15 mark as a new line of resistance appears to have formed there. However, this was primarily due to the fact that the entire cryptocurrency markets had collapsed and were going through a slowdown. Now that the markets have begun to recover, Stratis too – is expected to cross the $15 mark and enter a growth rally.
Market experts from tradingview are quite optimistic on the growth of Stratis. The graph below indicates the rapid strides the cryptocurrency is expected to take to reach a new all-time high.
STRAT prices are expected to face multiple lines of minor resistance till it reaches the $22 mark. This is where the currency prices had collapsed earlier in January. A strong line of resistance awaits for Stratis at $22 – however this time, thanks to the bull-run, the currency is expected to breach the line of resistance and go as high as $25, with $20 becoming the new line of support.
The timeline for this accelerated growth isn’t a long wait either. This is expected to be a 10 to 15 day process and by mid February, STRAT price is likely to reach a new all-time high of $25. Those investing in Stratis are advised to set up multiple targets – $16.15, $19.25 and $21.25 seem to be the appropriate targets for now.
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.
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Disclaimer: 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 advise.