Coinpedia-Market-Insight

With A 20% Boost, Stacks Closer To $3

Long
BINANCE:STXUSD   Stacks
20% Overnight Jump: STX price showcases a significant rise with a bullish engulfing candle, indicating strong buyer dominance.

120% Hike in Intraday Trading Volume: The dramatic increase in trading volume underscores the momentum behind the bullish rally.

Trend-based Fibonacci Retracement Prediction: The uptrend is anticipated to easily surpass the $3 barrier within the month.

Rounding Bottom Breakout: The bullish reversal in STX price trend is overcoming resistances, hinting at a robust uptrend towards $3.

Market Recovery Boosts Confidence: The general market recovery is enhancing the confidence among Stacks holders, suggesting a potential for continued uptrend.

Top Performer in Top 100 Coins: Amidst market bullishness, STX emerges as a leading performer with significant gains.

78% Increase in Last Eleven Days: STX's price has surged by 78% over the last eleven days, indicating a strong bull run.

New 52-Week High Formation: The continuous bullish candles signal the formation of a new 52-week high for STX.

MACD and Bollinger Bands Indicators: Both MACD and Bollinger Bands indicate a positive trend and high momentum rally for STX.

Potential Target at $3.37: The Fibonacci level analysis projects an upcoming target of $3.37, marking a 25% jump.

STX Current Price: Trading at $2.665 with a 3.75% intraday jump, STX continues its upward trajectory.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.