Bullish Breakout in Stacks: Stx Crypto Price Prediction

September 3, 2024

The STX token has given negative returns over the past week, losing 13% of its value. Despite this drop, the current price remains above critical support levels.

In this article, we will look at the current price analysis along with the weekly analysis and news roundup of stx crypto.

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STX Crypto Price Analysis

Current Price: $1.57
Market Cap: $2.33 billion
24-Hour Trading Volume: $68.42 million
Total Supply: 1.82 billion STX
Circulating Supply: 1.48 billion STX

Bullish Breakout In Stacks: Stx Crypto Price Prediction

Price had a bullish breakout from Channel Down pattern.

It’s now retesting that breakout level, which could be a swing trade entry with +25% upside potential to $2.00. Stop Loss at $1.39

Weekly Price Analysis

Price is trading in a Channel Down pattern.

7-Day Change: -13.57%
Week Open Price: $1.82
Trend: Short-term trend is Strong Down, Medium-term trend is Down and Long-term trend is Strong Down.
Momentum: Price is neither overbought nor oversold currently.
Support and Resistance: Nearest Support Zone is $1.30, then $1.00. Nearest Resistance Zone is $1.50, then $2.00.

Technical Indicators

Relative Strength Index (RSI): 45 (Neutral, indicating neither overbought nor oversold conditions)
Moving Average Convergence Divergence (MACD): Bearish divergence observed, with the MACD line below the signal line.
Bollinger Bands: The price is moving close to the lower band, indicating potential oversold conditions.