STP Price Jumps 12% as Analyst Predicts Potential 100% Gains

Highlights:

• STP hits $0.06631 with a 675% surge in volume.
• Griffiths is Bullish on $STPT and sees 100% potential gains post-correction.
• STP aims to revolutionize DAOs and AI gaming with Clique.

The STP (Standard Tokenization Protocol) price has soared 12% in the last 24 hours to trade at $0.06631 as of 5 a.m. EST on a 675% pump in trading volume to $139 million. Analyst Andrew Griffiths is bullish on the future of the token and believes correction in the markets has cleared the significant selling pressure.

He sees resistance being clear for a price recovery. Because of the higher low created, Griffiths says $STPT/USDT can rise as high as 100% without creating a new ATH due to the situation of the market as the time being.

#STPT The correction here reveals that all the selling has already been done. And this is good, because once the selling is over we can expect prices to grow.
This pair, STPTUSDT, can easily give 100% without considering a new high.
A new high will happen because we have a higher… pic.twitter.com/Vi2qBin8Et

— Andrew Griffiths (@AndrewGriUK) February 6, 2025

He also advises flexibility in trading strategies, recommending that investors allocate capital according to their time horizons. Short-term traders may capitalize on quick profits, while long-term investors can benefit from projects like $STPT for sustained growth.

Furthermore, Griffiths points out whale activity, noticing substantial purchases as a bullish indicator. According to the technical analysis, the price surge might be near.

The STP strives to disrupt how Decentralized Autonomous Organizations will be designed and managed in an effort to extend AI use into gaming. The portal has just opened up for a whole new generation: the Autonomous Worlds, which are immersive on-chain gaming that uses AI enhancement. This is being underlined with Clique-a Layer 3 solution resting on Base that makes the heavy load of AI-driven gaming computationally scalable and highly performant.

STP Statistics

• STPT Price: $0.06631
• Market Capitalization: $128 million
• Trading volume: $139 million
• Circulating Supply: 1.94 billion
• Total Supply: 1.94 billion

STP Price Signals a Bullish Trend Continuation

STPT/USD is currently trading at $0.06855, gaining 9.85%. Its intraday high reached $0.06947, and the lowest price reached $0.06312. The token is currently hovering near the 50-day MA at $0.06832, which might act as a decisive level for the next directional move.

The key support begins from around $0.035 to $0.040, which earlier acted as a bedrock for rallies. On the upside, resistance lies between $0.08 – $0.10, a key range where sellers could step in. The price followed a well-defined bullish channel before it broke down, but it has bounced back from support, signaling a potential trend reversal. Provided buyers can sustain upward momentum above $0.068, the price might again resume its uptrend toward the $0.08 – $0.10 resistance zone.

The MACD indicator reflects an early bullish crossover as the MACD line at -0.0029 inches closer to the signal line at -0.0017. At the same time, the histogram is marginally positive at 0.00092, which will indicate that the buying momentum is building up. The RSI is at 46.71, indicating a neutral position. A close above 50 strengthens the case for a further upside, while a slide below 40 could result in more downside pressure.

If the price sustains above $0.068, it might break above $0.07 and head to $0.08-$0.10 in the days to come. If it fails to hold this level, a pullback may occur towards $0.060 or even the major support at $0.040. Technical indicators slightly point toward the possibility of an uptrend, but confirmation above $0.07 will be required to witness more powerful bullish momentum.