Stacks

Stacks (STX) is a cryptocurrency associated with the Bitcoin system whose price has risen by 7.36% within the last 24 hours. The digital asset is priced at <a href="https://coinmarketcap.com/currencies/stacks/" rel="noopener noreferrer nofollow">$1.86</a> and has a market capitalization of over $2.7 billion at the time of writing. This rise has put STX among the top 31 cryptocurrencies in the market according to market capitalization. However, the price rise was accompanied by a 3.49% reduction in the 24-hour trading volume to $144 million.According to the analyst, Altcoin Sherpa has given an encouraging signal for <a href="https://cryptotale.org/avax-stx-and-fet-exhibit-breakouts-signal-bullish-trend/" rel="noopener noreferrer nofollow">STX</a>. The chart shows a consolidation pattern with a clear indication of an accumulation zone between $1.25 and $1.60. The price action currently implies that the asset is going through an accumulation phase. This usually happens when many buyers accumulate many positions waiting for a directional breakout. Such an accumulation range noted here may provide a floor for future rallies.Volume data on the chart highlights a moderate but consistent level of trading activity during this phase. However, the overall volume has decreased slightly, which may reflect a waiting period before stronger moves occur in the market. The Volume Profile Visible Range (VRVP) shows significant buying interest at the $1.25-$1.60 price level, further confirming the potential accumulation phase.<a href="https://cryptotale.org/stx-in-accumulation-phase-analysts-predict-potential-rally/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

STX in Accumulation Phase: Analysts Predict Potential Rally

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