Stacks

Momentum

THORChain

Divergence

The post <a href="https://coinpedia.org/price-analysis/altcoins-regain-momentum-as-rune-and-stx-price-surge-whats-next/">Altcoins Regain Momentum As RUNE And STX Price Surge! What’s Next?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
After displaying a negative trend for three consecutive days, the crypto market has recorded a massive bounce back in valuation with top altcoins experiencing a significant bullish reversal in the chart. 
With the Altcoins leader, Ethereum, has recorded a jump of over 10% in value, top tokens have followed in the footsteps and displayed a similar trend in their respective charts. 
<h2 class="wp-block-heading" id="h-thorchain-rune-price-analysis">THORChain (RUNE) Price Analysis:</h2> 
The <a href="https://coinpedia.org/price-prediction/thorchain-rune-price-prediction/">RUNE price</a> traded in a closed range between $4.897 and $6.252 for a brief period, during which the altcoin made multiple attempts to break out of the resistance level. As the market volatility grew, the THORChain token added 55.25% within two days, following which the price traded sideways. 
After this, the bulls jumped 55.58% over the next four days, following which the price displayed a sideways trend for a period. The token was then trading under a bearish influence for a while. After testing its low of $7.087, the bulls recently regained momentum and displayed a bullish move. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/vrl19yMc20njUuI2t6y64veVze4CqxQ_V0XwL4q50SBBFZKl_GIiUDvk0aQLUElqN3rh5p_cAFDuMJh2Qh3gSHSDQiEMG64tiG5fviqrcNKWp4ULOKtGEsTdxT9t8Xk5tQx8nXViS8-1P0tsWDn-2BY" alt="RUNE Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: RUNE/USDT
 </figcaption>
</figure> 
The Moving Average Convergence Divergence (MACD) displays a rising green histogram, indicating an increase in the buying pressure within the crypto space. On the other hand, the averages show a significant rise in the chart, suggesting the price will continue gaining value in the coming time. 
If the market holds the price above the resistance level of $8.957, the bulls will regain momentum and prepare to test its upper resistance level of $10.057. Further, if the bulls hold the price at that level, the Stacks token will prepare to test its resistance level of $11.278 over the coming weekend. 
Also Read : <a href="https://coinpedia.org/price-analysis/cronos-cro-and-the-graph-grt-price-predictions-amid-market-rebound/">Crypto Market Surges: GRT Price Explodes 56%, CRO Poised for Breakout</a> 
<h2 class="wp-block-heading" id="h-stacks-stx-price-analysis">Stacks (STX) Price Analysis:</h2> 
The <a href="https://coinpedia.org/price-prediction/stacks-stx-price-prediction/">STX price</a> displayed a neutral trend for a while, following which the bulls regained momentum and recorded a jump of approximately 31%. The Stacks token then traded in a closed range between $2.817 and $3.121 for a brief period, during which the altcoin displayed significant fluctuation. 
Following this, the bulls lost momentum, resulting in the Stacks price testing its low of $2.617. After trading sideways for a while, the bulls regained momentum and recorded a jump of 26.77% before facing rejection at the resistance level of $3.40. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/ZX0NDCCSK2Z5-uiUCPPVxR6hW0X6Ow2Br41nzn8IXBfGEVC6L8TgXYI1LTzIZ3-0Mm7QfqCg6rtB8P8EsfNuVw2IbCd5XwxQtK-r1Y8gt6JdBEGE9Jk3fVum2YzHJmm1BKYe9D8Irkv54Tuj_8mkcCA" alt="STX Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: STX/USDT
 </figcaption>
</figure> 
The technical indicator, MACD, shows a constant green histogram, highlighting a robust bullish sentiment in the cryptocurrency market. Further, the averages display a rising pattern, indicating a positive price action for the <a href="https://markets.coinpedia.org/stacks/">STX </a>price in the coming time. 
If bulls regain power and push the price above the resistance level of $3.40, the Stacks price will prepare to test its upper resistance level of $3.80 over the upcoming weekend. Negatively, a bearish trend reversal may pull the price toward its low of $2.817 this month.

Altcoins Regain Momentum As RUNE And STX Price Surge! What’s Next?

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