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STACKS Price Analysis: Bullish trend in the market, holders showing interest in it

  • STX makes BTC programmable which means by allowing decentralised apps and smart contracts that inherit BTC powers.
  • The STX provides Bitcoin for stacking, which means as a reward one can earn bitcoin.
  • RSI for STX shows the OVERBOUGHT action.

The token has been forming the pattern of doji star bearish. STX rose by 22.92% on Tuesday. Following a 13.49% gain on Sunday, STX ended the day at 1.26. The last known price of this coin is 1.5039. A mixed start for the day saw STX fall to an early morning intraday low of $1.2401 before making a move. TVL of the token is 461,681,128 and Market cap/TVL ratio is 3.79.

Steering clear of the first support level at $1.439, STX rallied to the Intraday high of $1.5026. 

It has the current trading volume(s) of 211,196,140 with a gain of 453.37% over the last 24 hours. STX has addresses of 12,102 holders with the active transfer(s) of 23,263 in the last 24 hours. The circulating supply of token is 1,185,199,291 STX coins and a max. supply of 1,818,000,000 STX coins.

SMA-20 and SMA-50 

The chart above shows the movement of STX which are SMA-20 and SMA-50. We see the token with respect to SMA’s which are 20 and 50 and SMA-20 has crossed SMA-50 on 13 July. The token has marked the high of 1.500 which was high in the last 10 days.

Those who have long the token at $0.500 have gathered 15% till date.

Its top 10 and 20 holders have more than 65% holdings and top 50 and 100 have more than 70% which makes the strong supply side of the coin.

An RSI oscillator is also present in the chart which shows the proper time to buy or sell the token. RSI for the last 5 hours shows the value of 78.382 and marks the overbought action. MA-5, MA-10 and MA-20 show the buy action. Even MA-100 and MA-200 show the same buy action. However, the STX at present is all set to buy for an intraday perspective.

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The bull/bear power has the value of 0.2183 and shows the buy action. The high/low marks the buy action with the value of 0.1283.

The STX-BTC pair is trailing at the level of 0.00004013 and the gain of 30.08% was seen whereas the STX-ETH pair is at 0.000618 and the gain of 27.31% was seen in the last 24 hours. The volume/market cap of the token is 0.1162 and its market dominance is 0.11%.

Conclusion: The days range for the coin is 1.2160-1.5500  and presently is at 1.54. The 24 hours high and low of the coin is 1.52 and 1.22 respectively.

The STX ATH is 2.82 and ATL is 0.04501. 

STX ROI (approximate return on investment if purchased at the time of launch) is 11417. It is likely the token would run like this for a day or two. 

Technical Instruments:

Pivot: 1.4789

R-1: 1.5067

R-2: 1.524

S-1: 1.4511

S-2: 1.4338

Note:

  • The unit is USD
  • SMA-20: Green colour
  • SMA-50: Red colour
Categories: Markets News
Antonio K Smith: Antonio is a travel photographer by profession and came across the Crypto world during his profession. Since then his love, knowledge and interest towards the technology have increased. He brings his passion to create in his articles.