STXUSD Futures Contract (Perpetual) Trade Ideas — BTSE:STXUSD.P — TradingView

Stacks Price Action Analysis Over Daily Timeframe Upon observing the Stacks past price chart, it looks evident that the price trend was upward until April 1st, which experienced a substantial increase of more than 820%. However, the trend was reversed thereon due to a major sell-off from a peak of $3.84. As the price entered a robust correction phase, it followed a downward wedge for nearly 150 days. Recently, the STX price surged to the upper border from the lower border but failed to pierce it through. The upper border deflected the price downward, where the recent bearish pressure has led the STX price to cross the 20-day, 50-day, and 200-day EMA bands. This showcased more bearishness to come ahead. The RSI flashed at 50.05, exactly on top of the median line, after breaching the 14-SMA from the top. The median line shows that the price could deteriorate more on the break of the median line and could hit the lower border of the wedge if bearishness accelerates. Likewise, the MACD has shown reduced momentum of bulls, and both lines are getting ready to form a bearish cross. If it's formed, it would give another hint of bearishness, but if bulls take action, then the histogram might enlarge again. So, as per price action, the movement depends on the investor's and traders' biases. STX was trading at $1.612 at press time, with an intraday dip of 0.17%. If STX crypto experiences bullish growth, the upper targets would be $2.0 and $2.50. However, if STX fails to sustain above the $1.50 level, it could plummet to the key support at $1.0 or even lower.

Can $11 Million Inflow Trigger A Breakout in Stacks (STX)?Can $11 Million Inflow Trigger A Breakout in Stacks (STX)? Meta Description: Stacks has experienced more modest gains as compared to other altcoins rising nearly 45% from August lows The OI data has surged from $30 Million to $41 Million indicating in the last couple of sessions indicating a growth. The daily chart highlights a correction phase with the price stuck in a declining channel. Stacks has experienced more modest gains as compared to other altcoins rising nearly 45% from the August lows. In a span of one week, Stack's price made a strong comeback from the lows indicating better days round the corner. Furthermore, The on-chain data reveals a significant development in the Open Interest data indicating the increased confidence of the investors. At the time of writing, Stacks was exchanging hands close to $1.54 level indicating a 1.5% growth a day. Despite all this, the long term trend favors the bearish side. As observed on the daily chart, the crypto has been in a correction phase since the very beginning of April. The price has dropped over 60% since then and was observed forming an interesting pattern over the charts. Stacks Price Open Interest Data Analysis As per the data obtained from an on-chain analytics website app.santiment.net, the open interest data observed an impressive 30% growth in the recent sessions. The total OI contracts have jumped from $30 million to 41 Million in the couple of sessions indicating a 30% growth. Source: app.santiment.net Moreover, the transaction volume has observed a nearly 46% growth a day and has reached $99.2 Million. The rise in the transaction volume indicates a heightened demand. Also, the volume to market cap ratio was 4.4% indicating low volatility in the crypto. Stacks has a live market capitalization of $2.28 Billion and ranks 32nd in the cryptoverse. Out of a total supply of 1.81 Billion STX tokens, nearly 1.48 Billion tokens are currently in circulation. Can Stacks Break Out Of A Correction Phase In August? Despite the efforts in the recent sessions, Stacks price still hovers in a long term bearish trend. The daily chart highlights the formation of a declining parallel channel pattern with the price sliding between the lower and upper boundaries of the channel. Moreover, the STX price has surpassed the 20 day EMA suggesting a strength in the short term. However, the long term trend still remains bearish below the 200 day EMA. As of now, the price lags nearly 17% in comparison to the 200 day EMA. On the higher side, STX needs to surpass the 50 and 200 day EMAs in order to claim a bullish reversal on the charts. However, until the price hovers below the 200 day EMA, it may remain in a bearish zone and might head downwards if the selling pressure exceeds. On the higher side, the $1.9 level may act as a crucial resistance for the price. whereas on the lower side, the $1.2 level may emerge as a crucial support for Fantom. Stacks price has risen nearly 45% from August lows, showing a strong comeback in a week. Moreover, Open interest grew 30%, from $30 million to $41 million indicating high demand. The transaction volume has surged by 46% to $99 Million a day. Despite short-term strength above the 20-day EMA, Stacks remains in a long-term bearish trend below the 200-day EMA, lagging by 17%. The price was currently within a declining parallel channel. For a bullish reversal, it needs to surpass the 50 and 200-day EMAs.

STX crypto experiences an upward spike Analyst, Mister Crypto, tweeted on platform X with optimism that the upper boundary of the falling wedge has been breached for the upside. If the Stacks (STX) crypto manages to attract buying potential, as buyers and investors may step in abruptly, which could burst a massive breakout (DYOR). Mister Crypto also presented his chart drawing, where he highlighted that he expects more than 100% gains. Upon observing the Stacks (STX) past price chart, it looks evident that the price trend was upward until March 24th, which experienced a substantial increase. However, the trend was reversed after trying hard to sustain few days at higher levels by April 1st, as the price entered a correction phase, forming what seems to be an pure falling wedge pattern. This wedge pattern was observed as the price plummeted from $3.80 to the $1.75 support level by mid-may, and then consolidation began for nearly one month. By June 4th, the price broke out of the sideways range. Subsequently, the STX price witnessed a pullback and exhibited signs of positivity on the daily chart. At press time, the STX has traded at $2.1510, with an intraday dip of -3.13%. The MACD indicator displayed a bullish cross with the MACD line at 0.0245, positioned above the zero line with a histogram at 0.0361. Additionally, the RSI was above the middle line at 51.13, indicating that the momentum has not yet reached the overbought zone; there is still room for potential growth for Stacks Crypto. If the STX crypto experiences an upward spike, the upper targets would be $3.0 and $3.80. However, if STX fails to maintain a position above the $2.0 level, the price could decline back to the crucial support at $1.30.

Stacks Breaks Out Of A Correction Phase. Stacks Breaks Out Of A Correction Phase. The Stacks crypto reversed its course after bulls established their presence near the $1.8 level and made a big leap towards the $2.5 level. The crypto made a breakout of a trendline resistance and surged over 28.9% this week marking the end of a correction phase. The recent price surge has added it among the top performers of the week. Moreover, the breakout is supported by a significant rise in the volume inflow. As per the coinmarketcap.com the volume inflow surged 35.3% in intraday to $309.5 Million. As a Bitcoin layer for smart contracts, Stacks crypto enables smart contracts and decentralized applications to use BTC as an asset to settle transactions on the Bitcoin blockchain. It has a live market capitalization of $3.32 Billion and ranks 30th among all the cryptocurrencies. Currently, out of a total 1.81 trillion STX tokens nearly 80.65% (1.466 trillion STX tokens) of the total supply are in circulation.

Will STX Price Cross The Threshold Of $4 Soon?Stacks has a market cap of $2.9 Billion and is ranked 41 in the crypto verse. It has a supply of 1,818,000,000 STX in which 80% of it is circulating in the market. STX price is currently trading near the value of $2 with a sligh gain of 1% in the intraday session. The volume of STX has seen a surge of 201% in the last 24 hours. STX price is currently forming strong bullish candles on the daily chart. It is trading below the 50 and 100 EMA which can also act as support for the price. The upside trend of STX can see a halt near $2.5. Meanwhile the support of the price can be observed near $1.75. The RSI of STX is at 48 with a small positive slope suggesting its presence in the neutral zone. The overall sentiment of the RSI is neutral in nature.

the Stacks price asset is displaying bearish The Stacks asset is expressing bearish behavior as social volume, volatility, and price volume have declined and have the opportunity to fall further on the daily chart. It performed poorly last week, and month with a -8.09%, and -1.22% respectively, implying a possible start of a stable downtrend for the coming sessions. Since then, the Stacks crypto has demonstrated a decline from the supply reign as the price sank from a vital hurdle level of around $3.800 on the chart. STX crypto is almost at a big fall, as it meets the resistance level and could dive to new lows from the current price. Stacks Price Forecast And Indicator Study The Stacks price asset plunged below the 20-day and 50-day EMA bands, reliant on the sellers' surge could deteriorate more. Likewise, the Stacks price asset is displaying bearish characteristics as MACD is below the zero line at -0.0064 and the RSI is falling smoothly below the median line at 44.07, implying that the STX asset is losing momentum and can achieve new depths in the coming sessions. At press time, the STX crypto had experienced a 0.34% incline in the last 24 hours with CMP at $3.000. Therefore, if the Stacks price fails to stay above the $2.700 level, it could decline further and reach lower lows. However, if the demand for the crypto remains high, the Stacks asset price could bounce back from the current level. The next goal for Stacks would be is to reach $3.500 and $4.000.

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