Stacks Price Prediction: STX Bulls are up on the mark Sustaining over the 20 EMA.

STX price is nowadays trading in the upper Bollinger band.
The double bottom formation on the chart responds to it as a base build-up for the bulls to regain momentum.

Stacks price is now trading upwards with bullish cues with the buyer’s entry. From the previous sessions, successive gains were seen in the coin with a positive outlook. As price action suggests, the trend is strong now with high volume build-up.

The upper trendline sets up ( blue), which, if it breaks, achieves more gains. Although, in the past week, STX failed to break its trendline and met refusal from its 50 days EMA. This time the bulls are attempting to change the past craze and establish a notable influence.

The bulls are now handling the trend, and bears are trapped now.

Stacks is now trading above its 20 days EMA and now retains on 50 EMA, and still, the coin is looking to smash the round level of $0.300 and $0.350 which is the near-term resistance.

Daily Chart Shows Bulls Action

On the daily chart, the STX coin is trading in an uptrend and has more to show further in the near sessions. The price is striking upside, and the bears are now giving up their resilience. The Fib retracement is now implying that from the bottom price jumps to the 36% mark and targeting to its 61% zone, which is at $0.296.

Stacks coin is heading towards retaking the previous high, and the trading volume is gradually shifting upside. At the time of writing, STX is trading at $0.2729 with an intraday gain of 1.30%. Meanwhile, the pair of STX/BTC is at 0.00001587 satoshis.

Short term chart indicates a breakout of the range.

In the shorter term. STX breaks the resistance spot of the ascending triangle pattern and pauses for further pullback. The DMI indicator also shows a strong trend, as ADX is now at 40. The short-term move is now ruling to break the resistance of $0.360, as indicated by the red dotted line.

What do RSI and MACD suggest?

RSI (Bullish): The RSI is at 65, showcasing that it is trading in the buying range, and a further pullback can be anticipated from now.

MACD( Bullish): The indicator also suggests bullish cues, as in the last sessions, it gives a bullish crossover and sustaining the histogram( green) means the price is in an uptrend.

Conclusion:

Stacks Price predicts a decisive trend and outperforms well by forming higher highs in the recent sessions and surpassing the immediate barriers. The near-term trajectory shows that the coin is willing to test the higher range of $0.360 and more.

Technical Levels:

Support Levels: $0.240 and $0.200

Resistance Levels: $0.310 and $0.380

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.