Stacks

Rekt (rektarb.xyz)

Rekt

<p><strong>Popular cryptocurrency Stacks (STX) has seen significant gains this past month, jumping 36% in October and now trading around $0.65. According to renowned analyst Rekt Capital, this price increase comes after STX broke out above a key channel top resistance level.</strong></p><p><a href="https://newsletter.rektcapital.co/" rel="noopener noreferrer nofollow">In his recent newsletter</a>, Rekt Capital notes that STX spent almost two weeks retesting this previous channel resistance as new support after the initial breakout. This successful retest confirmed the upside breakout and enabled further continuation to the top of the range near $0.65.</p><p>Overall, STX has rallied an impressive +70% since Rekt Capital’s initial analysis. However, after facing rejection at the range high resistance around $0.65, he believes STX could dip back down to retest support around $0.54.</p><figure class="wp-block-image size-large"><img width="1024" height="689" src="https://captainaltcoin.com/wp-content/uploads/2023/10/unnamed-1024x689.png" alt="" class="wp-image-365580"></figure><p><em>“After rejecting at the Range High resistance (black), STX could now dip into the orange dashed support for a retest,”</em> writes Rekt Capital. <em>“Historically, a successful retest there has preceded upside back to the Range High resistance for a challenge at breaking out from the range altogether.”</em></p><p>He notes these retests tend to be volatile, often with downside wicking below the key support level. However, a successful retest of support could signal another leg up for STX to revisit range highs.</p><p>In summary, STX has seen a great month in October but may face some short-term pullbacks according to Rekt Capital. However, the overall technical picture remains bullish, especially if STX can hold key support levels on any retracement.</p><div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style=""><div class="col_wrap_two mb0"><div class="offerbox_big_wrap flowhidden"><div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" rel="noopener noreferrer nofollow"><img class="lazyload" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"></a></div><div class="product-summary col_item mobileblockdisplay"><h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" rel="noopener noreferrer nofollow"><span>We recommend eToro</span></a></h3><div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>74% of retail CFD accounts lose money.</strong></div><div class="buttons_col mb25 rh_big_btn_inline"><div class="priced_block clearfix"><div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" rel="noopener noreferrer nofollow"> Visit eToro Now </a></div></div></div><div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"></i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"></i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"></i>Copy trading: allows users to copy the trades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"></i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"></i>eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc. </div></div></div></div></div><p>The post <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com/top-analyst-predicts-further-upside-for-stacks-stx-but-theres-a-catch/">Top Analyst Predicts Further Upside for Stacks (STX) But There’s a Catch</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Top Analyst Predicts Further Upside for Stacks (STX) But There’s a Catch

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