Stacks

Value

Million

Time

<p><strong><a href="https://www.thecoinrepublic.com/2024/06/11/analyst-bullish-in-stacks-stx-can-it-rise-for-100-gains/">Stacks (STX)</a></strong> price escaped the<strong> falling channel pattern</strong> and gained fresh bullish momentum.</p> 
<p>The sustained buying pressure from the 20-day EMA mark fueled the rebound. Additionally, STX Price was eyeing to cross the 100-day EMA mark at the time of writing for the next upward move.</p> 
<p>If the bullish move continued above the $2 mark, STX could see a sharp upside. It might reach its pivot hurdle of $2.50 soon.</p> 
<h2 class="wp-block-heading" id="h-should-traders-expect-bullish-moves-from-stx-soon"><strong>Should Traders Expect Bullish Moves from STX Soon?</strong></h2> 
<p>On the daily charts,<strong> </strong>the <strong>STX price</strong> has gained a pullback from the 20-day EMA mark. It was anticipating to stretch the upmove beyond the $2 mark. Its technicals signified that STX was poised for a potential bullish reversal.</p> 
<p>A short covering move would be seen once STX crosses the $2 mark, which may lift STX forward.</p> 
<p>The ongoing structure articulated the bullish outlook and signified the bulls’ accumulation. It conveyed that buyers were expecting further upward movement ahead.</p> 
<p>At press time, the <strong>Stacks </strong>token price was trading at $1.86, with an intraday surge of 9.20%, reflecting fresh bullish moves on the charts. Its trading volume soared over 39.26% to $65.31 Million in the past 24 hours.</p> 
<p>The pair of STX/BTC was at 0.0000278 BTC, and the market cap was $2.75 Billion. Analysts were bullish and suggested that the <strong>STX price</strong> may increase the gains and reach the upside mark of $2 soon.</p> 
<h2 class="wp-block-heading" id="h-what-do-the-technicals-for-stx-price-reveal"><strong>What Do the Technicals for STX Price Reveal?</strong></h2> 
<p>Traded in a declining channel, the STX price continued to make lower low swings and retraced over 40% in the last three months. Meanwhile, the correction phase has ended, and a fresh accumulation wave led to a channel breakout this week.</p> <iframe loading="lazy" title="Santiment Chart: Price (STX), Volume (STX)" width="800" height="425" src="https://embed.santiment.net/chart?ps=blockstack&amp;pt=STX&amp;df=2024-01-26T18%3A29%3A59.415Z&amp;dt=2024-07-26T18%3A29%3A59.415Z&amp;emcg=1&amp;emhwm=1&amp;wm=price_usd%3Bvolume_usd&amp;wax=0%3B1&amp;wc=%2326C953%3B%23D2D6E7&amp;ws=%7B%22interval%22%3A%2212h%22%2C%22node%22%3A%22candle%22%7D%3B" scrolling="no"></iframe> 
<p>A notable upward move beyond the 20-day EMA signified a sign of trend reversal.</p> 
<p>The RSI curve showed a positive crossover and inclined vertically toward the overbought zone, with a reading of 60. It implied that buyers have gained the upper hand.</p> 
<p>@Decilizer, in his X post, said that STX has gained a solid bounce from its pivotal support zone of $1.50 and looked strong on the chart.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24STX&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$STX</a> is looking strong today. After establishing support at $1.5, It is all set to cross our next target of $2.78. It could also catalyze a rally in <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> as it belongs to the Bitcoin Ecosystem. <br>We've seen 570% gains in the recent rally. <a href="https://t.co/n6zWKzPum5">pic.twitter.com/n6zWKzPum5</a></p>— Decilizer (@decilizer) <a href="https://twitter.com/decilizer/status/1816705166550462629?ref_src=twsrc%5Etfw">July 26, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Above the $2 mark, the next significant resistance level was $2.30. In contrast, the immediate support zone was around the $1.50 mark.</p> 
<h2 class="wp-block-heading" id="h-surge-in-total-value-locked-tvl"><strong>Surge in Total Value Locked (TVL)</strong></h2> 
<p>Stacks cryptos Total Value Locked (TVL) saw a notable rebound and reached $98.5 Million. With the advancement of upgrades and significant growth in the ecosystem, its TVL witnessed a rise in the last few weeks.</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="286" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-137-1024x286.png" alt="TVL Data Chart | Source: DefiLlama" class="wp-image-626220" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-137-1024x286.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-137-300x84.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-137-768x215.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-137-1536x429.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-137-150x42.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-137-696x194.png 696w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-137-1068x298.png 1068w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-137.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">
  TVL Data Chart | Source: DefiLlama
 </figcaption>
</figure> 
<p>The TVL rise implied an increase in liquidity and smooth trading activity, and more investors are using Stacks to capture short-term gains.</p> 
<h2 class="wp-block-heading" id="h-futures-open-interest-data-insights"><strong>Futures Open Interest Data Insights</strong></h2> 
<p>The open interest data expressed a significant spike following the price rise of over 9% intraday.</p> 
<p>In the overnight session, fresh long buildup activity was noted. The OI rose over 11.26% to $63.22 Million in the last 24 hours.</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="239" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-136-1024x239.png" alt="Open Interest Data | Source: Coinglass" class="wp-image-626215" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-136-1024x239.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-136-300x70.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-136-768x179.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-136-150x35.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-136-696x163.png 696w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-136-1068x250.png 1068w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-136.png 1412w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">
  STX Open Interest Data | Source: Coinglass
 </figcaption>
</figure> 
<p>If STX fails to cross the $2 mark, the $1.60 and $1.30 levels would be strong support. On the other hand, if it succeeds in crossing the $2.10 mark, the next hurdles are placed around $2.40, followed by $3.</p> 
<h2 class="wp-block-heading" id="h-is-it-the-time-to-chase-stx-price-s-bullish-run"><strong>Is It the Time to Chase STX Price’s Bullish Run?</strong></h2> 
<p>The <strong>Stacks price </strong>climbed above the 20-day EMA mark and escaped out of the falling channel. It has made a fresh higher high swing and is anticipating a solid bull run beyond the $2 mark.&nbsp;</p> 
<p>The post <a href="https://www.thecoinrepublic.com/2024/07/27/stacks-breaks-out-can-stx-price-cross-2-mark-amidst-bullish-cues/">Stacks Breaks Out: Can STX Price Cross $2 Mark Amidst Bullish Cues</a> appeared first on <a href="https://www.thecoinrepublic.com">The Coin Republic</a>.</p>

Stacks Breaks Out: Can STX Price Cross $2 Mark Amidst Bullish Cues

Table of Contents

Thecoinrepublic.com

دیگر آرٹیکلز 27 جولائی، 2024 پر پبلش کیے گئے ہیں

JUST IN: Cantor Fitzgerald Takes Giant Bitcoin Step

Grayscale Ethereum Trust ETF records net outflows of $1.5B

US senate hopefuls look for crypto bump at Bitcoin 2024

Analyst Faces Backlash After Joke About XRP at Bitcoin Conference

Marathon Digital Reveals: Why HODLing Bitcoin Proves to be the Winning Strategy

Best Altcoins to Buy in 2024: Monkey-Themed Meme Coin and Fasttoken in for a Long Haul

Join our free newsletter for daily crypto updates!