- Stacks coin price is currently stuck inside in a consolidation zone and can soon see a new high in the future. In contrast, Stacks price has seen a gain of more than 6%
- STX technical indicators are currently in the favor of bulls. Meanwhile, STX/BTC pair has also jumped in the recent trend.
Why Invest In STX Crypto?
STX crypto price is currently seeing a consolidated move with a move of upside trend. Stacks cost price is currently trading near the value of$2.425 with an upside of more than 5%. The stage is attempting to bring the brilliant agreements and decentralized applications on the BTC network which can assist it with transforming in the layer-1 square chain arrangements.
Stacks project was incepted in 2013 and is currently being by different diverse investors. STX is hoping to take what makes Bitcoin so strong, and broaden it with more highlights, without changing the creativity of BTC or without requiring any fork. STX/BTC pair can likewise see another high in the future. One can put resources into STX according to their requirements and hazard limit.
STX Crypto Price Technical Indicators Are Favoring The Bulls
Stacks coin price is currently seeing a strong upside trend in the weekly technical chart. It has observed an upside surge of more than 4% in the intraday session.
On the daily technical chart, the bulls are gaining strength to reach a new high in the future. The upside move of the Stacks may face a threat near the value of $5 In contrast, one can contemplate the bounceback near $1.5.
The price is currently moving above the 50 and 100 Daily Moving Average with a positive hybrid crossover. The 100MA line is near the $2.16 acting as temporary support of the price. STX price is ready to see a jump above the new high and can soon surpass a new high. If the price goes 15% above the current level then a new high can be seen in the future. STX/BTC pair can also observe a new high in the future.
Conclusion
STX coin price is currently seeing a strong move and can see a bounceback to a new high in the future. STX/BTC pair might also observe a new high in the future. An Investor should do their due diligence before investing in the Stacks
Technical Levels
Major Support:$1
Major Resistance:$3