Stacks

Daily

Coin

<ul class="news-points"> 
 <li>The price of Stack (STX) dropped 1.59% over the past 24 hours.</li> 
 <li>STX’s negative daily performance pushed its price down to the crucial support level at $0.6573.</li> 
 <li>A break below the 50-day EMA line may drag STX’s price down to $0.6199.</li> 
</ul> 
<a href="https://coinedition.com/tag/Stacks-STX/">Stacks (STX)</a> was able to reach a daily high of $0.6999, but has since seen its price drop 1.59% according to CoinMarketCap. As a result, the altcoin was trading at $0.6875. With this negative daily performance, STX’s price found itself in a precarious situation at press time. If the sell pressure continues, the crypto’s medium-term trend could reverse from bullish to bearish. 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full is-resized">
 <img decoding="async" src="https://coinedition.com/wp-content/uploads/2023/07/STX-Price.png" alt="" class="wp-image-305647" width="833" height="664" srcset="https://coinedition.com/wp-content/uploads/2023/07/STX-Price.png 1110w, https://coinedition.com/wp-content/uploads/2023/07/STX-Price-300x239.png 300w, https://coinedition.com/wp-content/uploads/2023/07/STX-Price-219x175.png 219w, https://coinedition.com/wp-content/uploads/2023/07/STX-Price-380x303.png 380w, https://coinedition.com/wp-content/uploads/2023/07/STX-Price-768x612.png 768w, https://coinedition.com/wp-content/uploads/2023/07/STX-Price-492x392.png 492w, https://coinedition.com/wp-content/uploads/2023/07/STX-Price-88x70.png 88w, https://coinedition.com/wp-content/uploads/2023/07/STX-Price-112x89.png 112w, https://coinedition.com/wp-content/uploads/2023/07/STX-Price-179x143.png 179w, https://coinedition.com/wp-content/uploads/2023/07/STX-Price-558x445.png 558w, https://coinedition.com/wp-content/uploads/2023/07/STX-Price-310x247.png 310w, https://coinedition.com/wp-content/uploads/2023/07/STX-Price-301x240.png 301w, https://coinedition.com/wp-content/uploads/2023/07/STX-Price-207x165.png 207w, https://coinedition.com/wp-content/uploads/2023/07/STX-Price-265x211.png 265w, https://coinedition.com/wp-content/uploads/2023/07/STX-Price-232x185.png 232w, https://coinedition.com/wp-content/uploads/2023/07/STX-Price-102x81.png 102w, https://coinedition.com/wp-content/uploads/2023/07/STX-Price-94x75.png 94w" sizes="(max-width: 833px) 100vw, 833px">
 <figcaption class="wp-element-caption">
 Daily chart for STX/USDT (Source: TradingView)
 </figcaption>
 </figure>
</div> 
From a technical standpoint, the <a href="https://coinedition.com/stacks-stx-price-prediction/">price of STX</a> was resting on the 50-day EMA line after it dropped below the shorter 9-day and 20-day EMA lines over the past week. Bulls were attempting to keep the altcoin’s price above the the 50-day EMA line, which was evident by the wick that was present underneath today’s daily candle at press time. 
Furthermore, the crypto’s price was resting on the crucial support level at $0.6573 as well. Should STX drop below this level in the next 48 hours, then it may be …
The post <a rel="nofollow" href="https://coinedition.com/stxs-price-rests-on-a-key-technical-indicator-and-support-level/">STX’s Price Rests on a Key Technical Indicator and Support Level</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

STX’s Price Rests on a Key Technical Indicator and Support Level

Coin Edition

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