MSTR2100 (MSTR) Reaches 55-Day Resistance — Breakout Could Ignite 50% Price Surge

The MSTR2100 (MSTR) memecoin has faced heavy selling pressure over the past two months, dropping more than 55% since July.

However, recent price action shows encouraging signs of strength, with multiple bullish daily candles creating a bounce at support.

Now, all eyes are on the short-term MSTR price action to see if it can break out from a 55-day resistance trend line.

Bullish MSTR Breakout

The MSTR price has fallen under a descending resistance trend line since reaching a high of $0.34 on July 18 (red icon), creating the $0.32 horizontal resistance area.

On Sept. 7, the MSTR crypto price bounced after falling to a low of $0.131, confirming an ascending support trend line that has existed since April.

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Today, the MSTR price is creating its fourth successive bullish daily candlestick and has reached the diagonal resistance.

If it breaks out, it could surge to the $0.24 resistance, a horizontal and Fibonacci level.

Momentum indicators support this rally. The Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) are increasing.

The indicators also broke through their diagonal resistances, indicating that the trend is gradually bullish.

Therefore, the daily time frame MSTR analysis gives a bullish prediction, suggesting that the price will break out soon, targeting the $0.24 level.

MSTR Correction Over

The short-term wave count shows that the MSTR price has completed an A-B-C correction, where waves A and C are diagonals.

If the count is accurate, the MSTR crypto price has broken out from the second diagonal and is on its way to new highs.

The wave count also indicates that the downward movement was corrective, hence it means that the next breakout will be the beginning of a new impulse.

If this is the case, the MSTR token will not only reach the $0.24 resistance but will break out to new highs. 

However, it remains to be seen if that is the case. For now, all eyes are on the $0.24 area to see what type of reaction it will trigger.

Breakout Incoming

Overall, the technical analysis for MSTR suggests its correction is ending, opening the door for a bullish breakout.

While a movement toward the $0.24 resistance is likely, it is still unclear if it can trigger a larger rally.

Hence, all eyes are on the $0.24 area to see how the MSTR price will react once it gets there.

About the Author

Valdrin Tahiri

Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.

He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.

Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.

He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.

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