Stacks

The post <a href="https://coinpedia.org/price-analysis/stx-price-teases-breakout-trend-to-cross-1-50-this-new-year/">STX Price Teases Breakout Trend To Cross $1.50 This New Year!</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
Starting the week on a highly bullish note, the STX price shows a sharp jump of 8.98%. The Stacks crypto finds immense bullish momentum and increases the anticipations around a swing high breakout and a new 52-week high formation.&nbsp; 
Being a top performer at the start of this week, STX ranks in the top gainer’s chart, reflecting investors’ huge interest. Therefore, the <a href="https://coinpedia.org/price-prediction/stacks-stx-price-prediction/">STX price prediction</a> projects a high likelihood of uptrend continuation in the coming months.&nbsp; 
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 <img decoding="async" width="1024" height="482" src="https://image.coinpedia.org/wp-content/uploads/2023/12/18133936/STXUSD_2023-12-18_12-50-59-1024x482.png" alt="" class="wp-image-254351" srcset="https://image.coinpedia.org/wp-content/uploads/2023/12/18133936/STXUSD_2023-12-18_12-50-59-1024x482.png 1024w, https://image.coinpedia.org/wp-content/uploads/2023/12/18133936/STXUSD_2023-12-18_12-50-59-300x141.png 300w, https://image.coinpedia.org/wp-content/uploads/2023/12/18133936/STXUSD_2023-12-18_12-50-59-768x362.png 768w, https://image.coinpedia.org/wp-content/uploads/2023/12/18133936/STXUSD_2023-12-18_12-50-59-1536x723.png 1536w, https://image.coinpedia.org/wp-content/uploads/2023/12/18133936/STXUSD_2023-12-18_12-50-59-150x71.png 150w, https://image.coinpedia.org/wp-content/uploads/2023/12/18133936/STXUSD_2023-12-18_12-50-59.png 1805w" sizes="(max-width: 1024px) 100vw, 1024px">
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Source – <a href="https://www.tradingview.com/x/0sYB0OEP/">TradingView</a> 
With a retest of the 38.20% Fibonacci level and a long tail to retest the $0.82 neckline breakout of a rounding bottom, STX price makes a strong comeback. Reclaiming $1 and sustaining above it over the weekend, the STX crypto shows a sharp rise in underlying demand.&nbsp; 
Further, the recent bounceback shows a short-term rounding bottom forming with a neckline at $1.18. Fueled by the post-retest reversal rally, the breakout chances to surpass the $1.18 neckline increase for the STX price. 
Trading at $1.1581, the STX crypto shows an intraday growth of 8.98% and forms a huge bullish engulfing candle. If altcoin maintains its bullish momentum, it may enter a new chain reaction of breakout rallies that will propel it past $1.50. 
Technical Indicators: 
RSI Indicator: The daily RSI line picks up speed as the post-retest recovery rally gains bullish momentum. Crossing the 14-day SMA and nearing the overbought boundary level, the buyers are dominating the STX crypto chart.&nbsp;&nbsp; 
MACD Indicator: With the MACD and signal lines intertwined in the positive territory, the momentum indicator signals an indecisive trend in motion.&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 $1.18 breakout. Therefore, the likelihood of a series of bullish breakouts is increasing. 
A new 52-week high is possible above the psychological mark of $1.50, which is beyond $1.32.Beyond $1.50, the next resistance is at $1.79. 
Conversely, if the bullish move fails to break above $1.50, it will retest the $1.20 breakout level.

STX Price Teases Breakout Trend To Cross $1.50 This New Year!

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