Stacks

Resistance

Billion

Coin

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Stacks coin price increased by 9.21% in the last week and is trading above EMA.</a> </li> 
 <li> <span>2</span> <a>The price of the STX coin is trading at $0.5163 and the 52-week range is between $0.4037 – $1.3250.</a> </li> 
</ul> 
<p>STX open interest is $40.63 Million, as per Coinglass, which is a crypto analysis website, it rose by 16.13% in the previous session. The long versus short ratio for 24 hours is 0.979. The total number of short positions added in the last 24 hours is $53.10K against longs of $61.39K.</p> 
<p>STX has a maximum market cap of $950,265,553, which is the fully diluted valuation (FDV) of the cryptocurrency. This is based on the assumption that all 1.8 Billion STX tokens are circulating in the market today. However, the actual number of STX tokens in circulation may be lower, depending on how the STX tokens are emitted over time. Therefore, it may take several years before the FDV is achieved.</p> 
<p>STX crypto surged 4.76% in market value and 18.44% in trading volume in the last 24 hours, as per Coinmarketcap, which is a crypto data website. Its market value is $729,964,807 and its trading volume is $26,779,436. There are 1,412,312,260 STX in circulation.</p> 
<p>Moreover, the STX coin has shown good performance this month, as it is up by 12.03% but fell by 40.39% in the past six months. The year-to-date return of STX price is positive with an incline of 149.83%.</p> 
<h2 class="wp-block-heading" id="strong-stx-coin-price-technical-analysis-in-the-1-day-timeframe-strong"><strong>STX Coin Price Technical Analysis in the 1-Day Timeframe</strong></h2> 
<p>STX price showed a consolidating trend for the past three months. At the time of publication, the STX price is trading at $0.5163, and the price is trying to surge slowly. If more selling volume is added, then the breakdown might drag the price toward new lows.</p> 
<p>Therefore, the STX price could continue to move downwards and reach the nearest support at $0.4 and $0.3 if it fails to maintain the current level.However, if the STX price sustains the current level and rises, then it might hit the nearest resistance levels of $0.6 and $0.7.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" loading="lazy" width="1141" height="637" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-192.png" alt="Stacks: STX Price is Trading Sideways Near Support, Will it Jump?" class="wp-image-174185" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-192.png 1141w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-192-300x167.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-192-1024x572.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-192-768x429.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-192-750x419.png 750w" sizes="(max-width: 1141px) 100vw, 1141px">
  <figcaption class="wp-element-caption">
   Source: STX/USD.1D.COINBASE by TradingView
  </figcaption>
 </figure>
</div> 
<p>At the time of publishing, <a href="https://www.thecoinrepublic.com/2023/09/24/heres-why-stacks-is-a-good-choice-for-minting-your-nfts/">Stacks</a> (STX) is trading above the 20 and 50-day EMAs (exponential moving averages), which are supporting the STX price trend.&nbsp;</p> 
<p>The MACD line at 0.0087 and the signal line at 0.0035 are above the zero line both lines cross each other showing that a bullish crossover is observed in the MACD oscillator, where the histogram width is lean indicating price consolidation.</p> 
<p>The current value of the RSI is 61.13 points and the 14-day SMA is slightly above the median line at 53.03 points.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>STX price highlights the neutral sentiments and perspectives of investors and traders regarding the price in the daily time frame. STX price action highlights a bearish to consolidation view at the time of publishing as <a href="https://www.thecoinrepublic.com/2023/09/24/heres-why-stacks-is-a-good-choice-for-minting-your-nfts/" target="_blank" rel="noreferrer noopener">STX</a> broke the resisting trendline and tried to sustain. Moreover, the technical parameters of the STX price suggest the continuation of the consolidation over the daily time frame chart.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support Levels: </strong>$0.4 and $0.3</li> 
 <li><strong>Resistance Levels: </strong>$0.6 and $0.7</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.</p>

Stacks: STX Price is Trading Sideways Near Support, Will it Jump?

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