Stacks

Moonshot

The post <a href="https://coinpedia.org/price-analysis/stx-price-explodes-42-in-hours-moonshot-target-1-79/">STX Price EXPLODES 42% in Hours – Moonshot Target: $1.79!</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
As our previous STX price analysis predicted, the Stacks market price reclaims the $1 mark with a strong breakout rally. Ranking highest amongst the daily gainers, the 40th biggest crypto per market cap shows a remarkable jump within 24 hours.&nbsp; 
With a 90% growth in the last seven days, the buyers continue to line up for Stacks and increase the trend momentum. Therefore, the STX price prediction projects a high likelihood of uptrend continuation in the coming months.&nbsp; 
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 <img decoding="async" width="1024" height="479" src="https://image.coinpedia.org/wp-content/uploads/2023/12/05112545/STXUSD_2023-12-05_10-55-16-1024x479.png" alt="" class="wp-image-251189" srcset="https://image.coinpedia.org/wp-content/uploads/2023/12/05112545/STXUSD_2023-12-05_10-55-16-1024x479.png 1024w, https://image.coinpedia.org/wp-content/uploads/2023/12/05112545/STXUSD_2023-12-05_10-55-16-300x140.png 300w, https://image.coinpedia.org/wp-content/uploads/2023/12/05112545/STXUSD_2023-12-05_10-55-16-768x359.png 768w, https://image.coinpedia.org/wp-content/uploads/2023/12/05112545/STXUSD_2023-12-05_10-55-16-1536x718.png 1536w, https://image.coinpedia.org/wp-content/uploads/2023/12/05112545/STXUSD_2023-12-05_10-55-16-150x70.png 150w, https://image.coinpedia.org/wp-content/uploads/2023/12/05112545/STXUSD_2023-12-05_10-55-16.png 1814w" sizes="(max-width: 1024px) 100vw, 1024px">
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Source – <a href="https://www.tradingview.com/x/iIulTlJc/">TradingView</a> 
With a double bottom reversal, the STX price trend enters a bullish chain reaction rally to scale remarkable growth in the last seven days. Leading to a rounding bottom reversal, the Stacks coin price reclaims the $1 mark and teases the overhead resistance breakout at $1.21.&nbsp; 
Further, the rising trend in the intraday trading volumes supports the streak of multiple bullish candles, reflecting strong demand. The Stacks uptrend is ready to challenge the 52W high at $1.3250, intending to end 2023 on an even higher note.&nbsp; 
Trading at $1.2266, the STX price shows an intraday growth of 4.55% and teases the $1.21 breakout and a new 52W high formation. Considering the altcoin sustains bullish momentum, it can enter a new chain reaction of breakout rallies to cross $1.50. 
Technical Indicators: 
RSI Indicator: The daily RSI line picks up speed as the recovery rally gains bullish momentum. Crossing the 14-day SMA and nearing the halfway mark, the momentum indicator supports the ongoing rally.&nbsp; 
<h2 class="wp-block-heading" id="h-will-the-stx-price-reach-1-50">Will The STX Price Reach $1.50?</h2> 
The STX price is gaining momentum with a rounding bottom reversal, setting the stage for a prolonged recovery rally. Additionally, the long-term trend is teasing a new run above $1.32 with the $1.21 breakout. Therefore, the likelihood of a series of bullish breakouts is increasing. 
Beyond $1.32, a new 52W high is possible above the psychological mark of $1.50. The next resistance at $1.79 is present beyond $1.50. 
Conversely, a bullish failure to cross $1.50 will retest the $1.20 breakout.

STX Price EXPLODES 42% in Hours – Moonshot Target: $1.79!

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