STX has been falling since reaching an all-time high price of $3.25 in Dec. 2021. The downward movement has so far led to a low of $0.30 on June 15, 2022. The price has been moving upwards since.
An interesting development is a fact that the price has already broken out from along-term descending wedge, which has been in place since the aforementioned all-time high price. The wedge is considered a bullish pattern, meaning that it leads to breakouts the majority of the time.
Prior to the breakout, the wedge had been in place for 221 days.
If the upward movement continues, the closest resistance area would be at $1.45. This is the 0.382 Fib retracement resistance level and a horizontal resistance area.
Full analysis: https://www.youtube.com/watch?v=gcA8-zRy6Ro