Stacks

Bitcoin

Resistance

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>The price of Stacks (STX) is trading at $2.7161. However, the crypto’s price rose by 0.40% in the last 24 hours (press time).</a> </li> 
 <li> <span>2</span> <a>STX price observed an increase of 20.20% in the last 7 days.</a> </li> 
 <li> <span>3</span> <a>The market capitalization of Stacks is $3.95 Million.</a> </li> 
</ul> 
<p>Stacks, denoted by its token STX, is a foundational blockchain that integrates with Bitcoin’s infrastructure. It empowers developers to forge decentralized apps, smart contracts, asset tokenization, and digital commerce platforms. The STX token is crafted from the Clarity smart contract language, which is known for its precision, security, and transparency. Clarity, alongside the STX token, is pivotal for establishing trustworthy smart contracts for asset tokenization, financial tools, and decentralized app functionality.</p> 
<p>The Stacks blockchain is anchored by the Proof-of-Transfer (PoX) consensus mechanism, which incentivizes miners through rewards in Bitcoin and STX tokens for transaction validation. This PoX protocol ensures that the Stacks network remains secure, dependable, and decentralized.</p> 
<p>The stack ecosystem encompasses the network, STX token, and associated wallets and applications. Stacks wallets offer a protected and user-friendly interface for managing STX tokens. At the same time, the applications on the Stacks platform allow for the creation and deployment of dApps leveraging the blockchain’s capabilities.</p> 
<h2 class="wp-block-heading" id="strong-technical-analysis-of-stacks-crypto-price-strong"><strong>Technical Analysis of Stacks Crypto Price</strong></h2>    
<p><a href="https://in.tradingview.com/chart/STXUSD/qGT48R2b-STX/"></a> <a href="https://in.tradingview.com/u/writer12_gsm/"></a> <a href="https://in.tradingview.com/"></a></p>  
<p>STX is based on a unique consensus mechanism called Proof of Transfer, which uses the security and finality of Bitcoin. STX has a maximum supply of 1.818 Billion coins and a circulating supply of 1.45 Billion coins.</p> <iframe loading="lazy" title="Santiment Chart: Price (STX), Price (STX) MA(50)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=blockstack&amp;pt=STX&amp;df=2023-12-01T00%3A00%3A00.000Z&amp;dt=2024-04-24T18%3A29%3A59.670Z&amp;sat=shchcfg_O_W_2UVyx51h&amp;emcg=1&amp;emhwm=1&amp;wm=price_usd%3B%5B2%3Bprice_usd%3BMA50%5D&amp;wax=0&amp;wc=%2326C953%3B%23FF5B5B&amp;ws=%7B%22interval%22%3A%2212h%22%2C%22node%22%3A%22candle%22%7D%3B" scrolling="no"></iframe> 
<p>As of press time, STX is trading at $2.71, a 0.40% increase from the previous day. STX has also gained 20% in the past week, reaching a market capitalization of $3.95 Million. The fully diluted market cap is $4.93 Billion, and the 24-hour trading volume is $61.245 Million. It has delivered a 326.77% return in the last six months and an 80% return since the start of the year.</p> 
<p>The <a href="https://www.thecoinrepublic.com/2024/04/24/marlin-price-analysis-wheres-pond-crypto-price-headed/" target="_blank" rel="noreferrer noopener">price</a> of Stacks is currently in a downward trend. It is indicated by its trading position being lower than both the 50-day and 20-day moving averages. This is a bearish phase. The MACD line is close to the zero line and below the signal line, indicating a weak bearish momentum. The RSI value is under 50, and the 14 SMA line of the RSI is over 50. That suggests that the market is bearish at the moment.</p> 
<p>The super trend has turned red, which is a sell signal. The stochastic RSI has the K line over the D line, and both are near the middle level, indicating a neutral or slightly bullish momentum.</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p>Stacks is trying to break out from a downward pattern but faces two main obstacles: a trendline and SMAs. The current price is bearish, below the 50-day and 20-day moving averages. The MACD line is below the signal line and is close to the zero line, indicating a weak bearish momentum. Additionally, the RSI value is below 50, and the 14 SMA line of the RSI is above 50, indicating a bearish market.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p>Support Level: $2.0630</p> 
<p>Resistance Level: $3.2687</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The analysis given in this article is for informational and educational use only. Do not use this information as financial, investment, or as trading advice. Investing and trading in crypto is a risky task. Please consider your circumstances and risk profile before making any investment decisions.</p>

STX Crypto Price Prediction: Will Stacks Crypto Hit $5?

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