Stepn price recently confirmed former resistance at $3.12 as support. Currently the price still finds support however we could see the price breaking the $3.12 support and sinking to the next one. The next support is around $2.71. If the price happens to break the $3.12 support and sinks to $2.71, it would mean the price will fall by around 15%. The premise for the price to drop to $2.71 is to break the $3.12 support.
If Stepn price falls to the $2.71 support, a possible ABC sequence could be formed. However, this ABC sequence would have to be activated first. This would happen as soon as the price makes a new all-time high or crosses the high point (A). The ultimate goal of the ABC sequence is between $5.8 and $6.5, which is why we expect these prices going forward.
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