It is very important for all markets as well in Crypto.
After CPI data, I believe that it will start a sell pressure in all markets and If we support this idea with technical analysis we can do something like in the chart.
STX is on a good level with supported technical setups like Libra + Cypher + Elliot.
The main target is far away but it is not impossible because when you look the chart zoom out you will see that STX had a solid rally in near future and needs correction...
Therefore, the main target will be the bigger harmonic pattern D point as pointed on the chart.